Diversinet Corp. and AsiaPay HK Limited: AsiaPay Launches 'Secure mPay'.Business Editors TORONTO & HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. SAR (Segmentation And Reassembly) The protocol that converts data to cells for transmission over an ATM network. It is the lower part of the ATM Adaption Layer (AAL), which is responsible for the entire operation. See AAL. SAR - segmentation and reassembly , CHINA--(BUSINESS WIRE)--Aug. 22, 2002 Now Consumers Can Securely Purchase Goods and Pay Bills Wirelessly From their PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). Using Hongkong Post
AsiaPay (HK) Limited a leading e-commerce payment enabler, with a principal focus on B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. and C2C (Client to Client) An earlier term for peer-to-peer (P2P), in which one user communicates with another user without going through a server in between. See peer-to-peer. electronic payment solutions, and Diversinet Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Small Cap: DVNT DVNT Deviant (record label) ), a leading provider of mobile commerce (m-commerce) security infrastructure solutions, today announced the official launch of 'Secure mPay' - an innovative secure mobile payment solution. Enhancing its popular online payment services suite, AsiaPay has launched 'Secure mPay', a next-generation mobile payment system designed for merchants looking to complement their online payment services with a mobile payment solution. With 'Secure mPay' consumers can easily and securely purchase goods and pay bills wirelessly from their Personal Digital Assistant (PDA) handheld device. 'Secure mPay' is a secure, convenient and efficient mobile payment solution - featuring real-time credit card authorization from banks, multi-lingual and multi-currency capabilities, and advanced security to protect merchants and their customers. For the advanced security features, AsiaPay licensed and integrated Diversinet's Passport security toolkit into the 'Secure mPay' solution. This toolkit allows developers to easily enable applications for use with the strong security provided by Hongkong Post's Mobile e-Cert digital certificates. Mobile e-Certs, which are built on Diversinet's advanced wireless PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of technology, electronically verifies and authenticates each party involved in a payment transaction. This instills confidence in merchants and their customers as it eliminates risk of fraud and identity theft. Mr. Joseph Chan, Chief Executive Officer of AsiaPay, said, "PayDollar is expanding the convenience brought by online payment to mobile purchasing and payment. 'Secure mPay' is an efficient and flexible mobile payment system that will help our customers increase revenue and attract and retain customers." "We applaud AsiaPay's move to include stringent security features in its innovative mobile payment solution," said Terence Chau, Vice President of Asia Pacific, Diversinet Corp. "Ensuring the integrity and confidentiality of a customer's identity is the backbone of any successful payment transaction. The inclusion of Mobile e-Cert security into 'Secure mPay' further demonstrates AsiaPay's leadership in secure electronic commerce." About AsiaPay (HK) Limited Founded in 2000, AsiaPay (HK) Limited is a leading secure online payment service and solution provider in Hong Kong. In early 2001, AsiaPay empowers e-generation consumers in Hong Kong with ultimate convenience, security and privacy on using P2P See peer-to-peer and point-to-point. email payment service. Riding on its secure multi-lingual, multi-currency and multi-channel payment platform, AsiaPay further empowers corporate, merchants and charity organisations with an integrated commerce payment solution for online and wireless businesses. More information about AsiaPay and PayDollar can be found at www.asiapay.com.hk and www.paydollar.com respectively. About Diversinet Corp. Diversinet is a leading software developer of advanced security infrastructure solutions for both wired and wireless terminals such as personal computers, mobile phones, PDAs and smartcards. Diversinet's client/server security software facilitates digital signatures, authentication and encryption with products specifically designed to perform optimally in wireless environments and resource-constrained devices. In October of 2001, Diversinet enabled the launch of the first public Certification Authority in the world to offer mobile individual and business digital certificates for consumer use. For more information on Diversinet visit www.diversinet.com. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission. |
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