Datek Chooses Tumbleweed; Datek Online Delivers Electronic Trade Confirmations and Statements Using Tumbleweed IME.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Oct. 18, 1999-- Tumbleweed Communications Tumbleweed Communications Corp. provides messaging security solutions for enterprise and government customers of all sizes [1]. Organizations use their products to block security threats, protect information, and conduct business online. Corp. (Nasdaq:TMWD), a leading provider of secure Internet communications services, today announced that Datek Online Holdings Corp., a pioneer in the online brokerage industry, is using Tumbleweed's Integrated Messaging Exchange(TM) (IME IME Input Method Editor IME Instituto de Matemática e Estatistica (Portugese and Spanish; USP, Sao Paulo, Brazil) IME In My Experience IME Instituto Militar de Engenharia (Rio de Janeiro, Brazil) (TM)) as its foundation for secure online communication with its customers. Datek will begin delivering electronic trade confirmations to its customers via IME this month, and will begin delivering statements in November. Datek Online empowers individual investors by providing them with access to the financial markets through innovative technology such as Tumbleweed tumbleweed, any of several plants, particularly abundant in prairie and steppe regions, that commonly break from their roots at maturity and, drying into a rounded tangle of light, stiff branches, roll before the wind, covering long distances and scattering seed as IME, which is a set of products and services that leverage the Internet and existing e-mail to enable secure, trackable online communication. IME works with any e-mail client Same as e-mail program. and any browser. Datek's customers will not be required to install any software to take advantage of this new service. "We are striking a balance as we move from paper to online communication. We are delighted to be able to deliver important data to our customers online without compromising the security or control of the confidential information Noun 1. confidential information - an indication of potential opportunity; "he got a tip on the stock market"; "a good lead for a job" steer, tip, wind, hint, lead we send them," said Peter Stern, chief technology officer, Datek Online. "We conducted an exhaustive evaluation and determined that Tumbleweed IME is the ideal solution for us. IME meets our security and tracking requirements and enables our customers to receive trade confirmations and statements immediately via the e-mail client and browser they already use. We see significant opportunities in this new online communications channel Also called a "circuit" or "line," it is a pathway over which data are transferred between remote devices. It may refer to the entire physical medium, such as a telephone line, optical fiber, coaxial cable or twisted wire pair, or, it may refer to one of several carrier frequencies . We've offered tremendous value for customers who come to our site -- now we have a secure channel to reach out to them and deliver that same value right to their desktops." "Datek has taken a great step forward to deliver vital new services to its customers," said Jeffrey C. Smith, president and 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. , Tumbleweed Communications Corp. "In Tumbleweed IME, Datek has chosen a platform that can not only securely support all of their online communications with their customers, but also define a personal online database for each customer as well as deliver new business and marketing services on demand." Tumbleweed IME is integrated with Datek's Web and security infrastructure -- which ensures that the Datek customer's user experience is seamless and familiar. In addition, Tumbleweed IME works easily with Datek's existing trade confirmation and statement processing systems, which enabled rapid deployment. About Datek Online Holdings Corp. Datek Online Holdings Corp., headquartered in Iselin, N.J., operates Datek Online Brokerage Services, the nation's fifth largest online brokerage firm; Datek Online Software Services; and Datek Online Clearing Corp., one of the nation's largest clearing firms settling in excess of 500,000 trades per day. Datek Online Holdings Corp. also maintains an interest in The Island ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. , Inc., the nation's second largest alternative trading system. About Tumbleweed Communications Corp. Tumbleweed Communications is a leading provider of secure online communication services. Tumbleweed Integrated Messaging Exchange (IME) includes all the components necessary to develop and deploy online business applications involving the delivery of files and documents. Working with existing e-mail systems and online applications, Tumbleweed IME powers universal messaging solutions ranging from confidential, trackable business exchanges to secure, automated transactions. Founded in 1993, Tumbleweed (Nasdaq:TMWD) is headquartered in Redwood City. Tumbleweed customers include the Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , the European Commission, United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. (UPS), Pitney Bowes, and 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 . Tumbleweed partners include Sun Microsystems, Oracle, VeriSign, and RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. . Additional information about Tumbleweed Communications can be found at www.tumbleweed.com. Tumbleweed is a registered trademark and Integrated Messaging Exchange and IME are trademarks of Tumbleweed Communications Corp. Except for the historical information contained herein, the matters discussed in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected, particularly with respect to when IME-based services may be available. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. We refer you to the documents Tumbleweed files from time to time with the Securities and Exchange Commission, particularly the prospectus dated August 5, 1999, and especially the section titled "risk factors," for further cautions about investing in Tumbleweed. Tumbleweed assumes no obligation to update information contained in this press release. |
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