Cyota Signs Cross-Licensing Agreement With Microsoft; Companies Will Work to Develop Secure Transaction Services.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--May 22, 2001 Cyota, a leading payment security company, announced today a cross-licensing agreement with Microsoft Corp., giving Cyota a license to Microsoft patents in the area of proxy number technology. The companies will also be working together to develop secure transaction services, based on Microsoft .NET See .NET. technologies, designed to help businesses deliver a new, richer customer experience. "We are delighted to have signed a deal with Cyota," commented Brian Arbogast, Vice President, Personal Services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. Group at Microsoft. "Cyota's products are positioned to help financial institutions deliver secure transactions to their customers shopping online, which is consistent with the Microsoft .NET strategy to enable the richest and most secure online experience possible; any time, anywhere and on any device." Cyota's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , SecureClick(TM), allows consumers to shop online without revealing their real credit card number. This is achieved by replacing a customer's real credit card number with a one-time transaction number, which expires after each transaction. "This licensing agreement further advances Cyota's position as the leader in the secure payments space," commented Gary Heatherington, 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 are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to explore additional opportunities to work with Microsoft in the future." "Additionally, this agreement provides Cyota with comprehensive Intellectual Property coverage in the online payment space, and will facilitate the use and adoption of 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 technology for Internet purchases worldwide," added Heatherington. About Cyota Cyota (www.cyota.com) is an innovative technology company that is dedicated to helping financial institutions strengthen their customer relationships through reliable, flexible, easy to use online security, payment and transaction products. Founded in 1999 by leading card and security industry experts, 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 and is supported by an international Advisory Board comprised of world-renowned financial and security experts. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion