Cyota Teams With Verio To Deliver Verified By Visa And MasterCard Secure Payment Application To European Card Issuers.Business & Technology Editors 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 & LONDON--(BUSINESS WIRE)--May 30, 2002 Cyota New initiatives available via NTT/VERIO hosting solutions from London facility to 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. issuers in Europe Cyota, the leading payment security company has selected NTT/VERIO hosting solutions to offer hosted 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) and MasterCard Secure Payment Application (SPA) services to European credit and debit card issuers. The services, incorporated under one platform - SecureSuite(TM) - are available immediately. Cyota provides a Verified by Visa service for three of the largest US card issuers. Cyota has pioneered the Verified by Visa initiative in Europe by announcing a commercial implementation of the new Visa initiative. MasterCard SPA allows issuers to authenticate their accountholders and generate authentication data to provide merchants and issuers payment authorization for electronic transactions. Verio, as a leading provider of hosted services, has data centers throughout Europe in London, Paris, Frankfurt and Madrid, as well as numerous facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the Asia Pacific region, all connected by the NTT/VERIO Global IP Network. The NTT/VERIO hosting facilities feature high-level security and privacy protection measures, exceptional network redundancy and superior innovative technology. "Verio, with the backing of NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Communications, is a leading hosting service provider, and was therefore a natural choice for Cyota," 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 were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a partner that has the same kind of devotion and commitment our clients expect, and that can meet our high standards of scalability, security, redundancy and availability as well as provide superb 24/7 support to our customers. We are confident that European banks will be able to benefit from the same market leading experience, know-how and development resources that successfully implemented Verified by Visa for some of the world's largest issuers. Verio is the perfect partner for supporting our expanding European reach." "We are pleased to partner with Cyota, the leading provider of Verified by Visa, MasterCard SPA and other payment security solutions. As a part of the NTT family, Verio has the financial strength, global coverage and expertise to be a long-term partner with Cyota," said Moos Bulder, president of Verio Europe. "We have proven again that we are the right hosting partner for the financial industry." As a leading payment security technology company, Cyota offers card issuers a comprehensive line of payment security products, which address the challenges of online fraud and charge-backs. Cyota SecureSuite is the market's first platform to combine security initiatives mandated by Visa and MasterCard, as well as smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , tokens and biometric authentication See biometrics. and additional proprietary secure payment solutions such as single use numbers. About Verio Verio Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of NTT Communications (NTT Com), is the world's largest operator of Web sites for businesses and a leading provider of global IP solutions. The company offers businesses a broad range of Internet services, including Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. , network access, virtual private networks, and managed service offerings, among other enhanced services. Verio supports its operations with highly reliable and scalable global infrastructure and systems including the NTT/VERIO Global IP Network, and provides Web hosting services to customers in more than 170 countries. The combination of Verio and NTT Com offers services to meet the growing and diverse needs of small-to-medium businesses, large global enterprises and multinational corporations
About Cyota Cyota is a leading payment security company that is dedicated to helping financial institutions secure customer relationships through reliable, flexible, easy to use online payment security products. Cyota SecureSuite is a revolutionary platform designed to serve as the backbone for integrating numerous e-payment initiatives. Cyota services multiple clients in North America, the EU and worldwide. Founded in 1999 by leading card and security industry experts, Cyota is headquartered in New York 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. |
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