Cyota Provides Verified by Visa to Japan's Credit Saison; One of Japan's Top Five issuers selects Cyota's SecureSuite platform.Business Editors NEW YORK--(BUSINESS WIRE)--July 22, 2002 Cyota, a leading payment security company, has been selected by Credit Saison Credit Saison Co., Ltd. (TYO: 8253 ), commonly known as Credit Saison or simply Saison, is a Japanese financial services company affiliated to Mizuho Financial Group. , one of Japan's top five card issuers with over10 million cardholders, to provide the Verified by Visa Verified by Visa is a system used by Visa as an added layer of security for online credit and debit cards transactions. A similar system is used by MasterCard under the name SecureCode (which is completely separate from verified by Visa, although it uses the same protocol). (3D Secure) Internet payment security technology to its Visa card members. Credit Saison's Verified by Visa program is one of the first large scale commercial implementations of Visa's new program in Japan. Cyota SecureVbV, part of Cyota's SecureSuite platform, is a Verified by Visa - compliant solution that reduces fraud by authenticating cardholders and producing online purchase receipts for their approval. Cyota's SecureSuite platform is a global solution offered to issuers worldwide and localized to meet the special requirements of every region. SecureSuite is either installed in-house at the issuer's data center or offered as a hosted service from global facilities located in the US, UK and Japan. Credit Saison will be using the Japanese version of the software, offered and supported by Cyota's partner in Japan, Intelligent Wave Inc. (IWI iwi Noun NZ a Maori tribe [Maori] ). Triangle Technologies Ltd., a leading business development advisory firm for non-Japanese firms in the Japanese market, played a key role in developing Cyota's partnership agreement with IWI. "We are honored to provide Credit Saison with our hosted Verified by Visa service," said Naftali Bennett, Cyota CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "We have designed our suite of products to meet the specific needs of the Japanese market. Intelligent Wave Inc, our strategic partner in Japan, plays a key role in our success to bring Cyota's vast experience in providing services to major US and European issuers, into the Japanese market". SecureVbV has been implemented by several large issuers worldwide, and is available as a hosted or non-hosted solution. SecureVbV is part of Cyota SecureSuite(TM), the first integrated online payment security platform of its kind, designed to seamlessly combine a wide range of authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. and credit card security products including Verified by Visa, MasterCard SPA and Cyota's surrogate surrogate n. 1) a person acting on behalf of another or a substitute, including a woman who gives birth to a baby of a mother who is unable to carry the child. 2) a judge in some states (notably New York) responsible only for probates, estates, and adoptions. number solution SecureClick, into a single user experience. SecureSuite allows banks, with a single installation, to offer consumers a unified front end that supports association standards, payment security and transaction products. This risk-free approach helps issuers start a payment initiative without any integration efforts or IT investment in equipment. About Cyota Cyota is the leading payment security provider for financial institutions. Cyota SecureSuite is the only integrated payment security platform, designed to seamlessly integrate a wide range of credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. security solutions including Verified by Visa, MasterCard SPA, surrogate numbers and more, into a single, consistent and cost-effective solution. Cyota services multiple clients in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia-Pacific with systems currently available to over 300 million cardholders. Founded in 1999, Cyota is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with offices worldwide. Cyota is led by a respected management team with extensive experience in the security, Internet and banking industry. For more information please visit www.cyota.com |
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