Cyota and nCipher Strengthen Relationship to Deliver e-Payments Security Solutions.Business Editors/High-Tech Writers 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 and WOBURN, Mass.--(BUSINESS WIRE)--Sept. 9, 2002 The Companies to Explore New Directions and Products for Payments Security in Addition to 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). and MasterCard SPA Cyota, a leading payments security provider, and nCipher plc (LSE LSE - Language Sensitive Editor :NCH NCH National Coalition for the Homeless NCH National Coalition for History NCH National Council for Hypnotherapy (UK) NCH National Center for Homeopathy NCH Notched NCH National Claims History NCH Nielsen Clearing House ), a leading provider of cryptographic IT security solutions, have broadened their on-going relationship to establish tight integration between the companies' respective products and to collaborate on future product initiatives in the market for secure e-payment solutions. Under the terms of the agreement, the companies have upgraded their partnership to a Strategic Alliance Partnership under the nCipher nAble Partner Program and are currently working together on new initiatives. The companies have already integrated nCipher's nShield(TM) Hardware Security Modules (HSMs) in the Cyota SecureSuite(TM) platform and will participate in joint sales and marketing activities as well. The Cyota SecureSuite product line is designed to 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. Cyota SecureSuite provides support for various industry initiatives including Verified by Visa, MasterCard SPA and surrogate numbers and has been deployed to provide support for over 300 million cardholders in North America, Europe and Asia-Pacific. Cyota utilizes nCipher HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. devices within its SecureSuite platform to achieve enhanced levels of security, satisfying the Federal Information Processing Standard Federal Information Processing Standards (FIPS) are publicly announced standards developed by the United States Federal government for use by all non-military government agencies and by government contractors. (FIPS (Federal Information Processing Standards) A series of publications issed by the U.S. National Institute of Standards and Technology (NIST) that specifies information security guidelines for federal government departments and agencies. ) 140, and provide greater processing performance. Customers, including TSYS TSYS Total System Services, Inc. , one of the largest payment processors in the world, have deployed this combined solution either by taking advantage of hosted services or building in-house systems directly in the card issuer's or processor's data center. "Cyota and nCipher are sensitive to the security needs of our joint clients. When working with financial institutions, security is a top priority and by working closely together we can ensure that their security requirements will be met" commented Amir Orad, Vice President of Marketing and Business Development at Cyota. "We value our relationship with nCipher as a long term partner and expect nCipher HSMs to be used in Cyota SecureVbV installations. In the future we plan to explore further joint opportunities, for example a MasterCard UCAF UCAF Universal Cardholder Authentication Field (MasterCard) validation offering utilizing Cyota's SecureMPA software." "As a specialist provider of hardware security devices to support a variety of software applications that rely on cryptography it is important that we work closely with the leading software companies in our target markets" said Greg Dunne, senior vice president of North American sales for nCipher. "We are excited to expand our relationship with Cyota as part of our commitment to the payments industry and look forward to exploring new ideas and solutions together." About Cyota Cyota is the leading payment security provider for financial institutions. Cyota currently powers 80% of the Verified by Visa eligible cards in the US, and has systems available to over 300 million cardholders North America, Europe and Asia-Pacific. Cyota SecureSuite is the only integrated payment security platform, designed to seamlessly integrate a wide range of credit and debit card security solutions including Verified by Visa, MasterCard SPA, surrogate numbers and more, into a single, consistent and cost-effective solution. Founded in 1999, 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. For more information please visit www.cyota.com About nCipher nCipher is redefining cryptographic security to protect points of risk across the enterprise--from network appliances to Web servers, to custom software applications and back-end databases. nCipher provides hardware and software solutions that enable organisations to implement best practice security by addressing the challenges of cryptographic key management and performance. Many of the world's leading organisations--from Microsoft and Barclays Bank to PwC and the U.S. Navy--rely on nCipher to deliver a sound e-security infrastructure. nCipher's products are particularly well suited to organisations with high volumes of security-sensitive transactions, such as banking and financial institutions, government departments, e-retailers and online service providers. nCipher is listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. as a TechMARK 100 company (LSE:NCH) with offices in Cambridge, UK; Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts. The Town of Boston is an interior town of the county and one of the county's "Southtowns. , Paris, Hamburg, and Tokyo. For more information visit www.ncipher.com |
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