Cyota Selected by Japan's UC Card for Verified by Visa; UC to Convert Its Verified by Visa Solution to a Japan Hosted Cyota-IWI Service.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 5, 2003 Cyota, the leading payment security company, and its local partner Intelligent Wave Inc, have been selected by Japan's UC Card to provide an end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. 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 service. The service will be available to UC cardholders and merchants. UC Card, as a member of Mizuho financial group Mizuho Financial Group, Inc. (株式会社みずほフィナンシャルグループ , is one of the largest credit card issuers in Japan. With Over 12 million cards, it is considered one of the top 3 card issuers by charge volume and number of cards. UC plans to integrate the 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. service with its existing online services, so cardholders will enjoy "single sign on" - meaning cardholders will use the same user name and password for both Verified by Visa and the bank's online services. Cyota SecureSuite is the market leading 3D Secure solution, available to more than 320 million cardholders and 9,600 financial institutions worldwide. To date Cyota and IWI iwi Noun NZ a Maori tribe [Maori] have deployed and launched multiple commercial 3D Secure systems in Japan for top Japanese issuers. The service is hosted in Tokyo and is provided through Intelligent Wave Inc. (IWI), Cyota's partner in Japan. Intelligent Wave Inc will also provide a 3D Secure merchant service to UC. Triangle Technologies Ltd., which has helped form numerous strategic alliances in Japan for its clients, assisted Cyota in signing the distribution agreement with Intelligent Wave Inc., and played a major role in negotiating the agreement with UC Card. 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. , stated, "We are very pleased that UC has decided to convert their Verified by Visa solution to our Japan-hosted service. Cyota and Intelligent Wave provide a complete, unmatched solution in the Japanese market. UC cardholders will enjoy a highly localized Translated into the spoken language of the country. See localization. system that was customized for Japan's unique requirements. UC merchants will enjoy a user-friendly, local 3D Secure merchant service. The combination is indeed powerful." "The Japanese market is a key market to focus on, with online spending steadily growing in Japan over the past few years. As one of the largest players in the market UC Card is a meaningful addition to Cyota's impressive Japanese client base," said Dr. Daniel Isenberg, CEO of Triangle Technologies. Cyota SecureSuite powers the world's largest 3D Secure programs. It is available as a hosted solution from one of Cyota's three global data centers in the US, Europe and Japan. Cyota SecureSuite is the industry's leading integrated online payment security platform, designed to seamlessly combine a wide range of authentication and credit card security products including MasterCard SecureCode, Verified by Visa, chip authentication and additional solutions into a single user experience. About Cyota Cyota is the leading payment security provider for financial institutions. 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 320 million cardholders and 9,600 financial institutions worldwide. 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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