Einux And CD Cash Agree to Form Joint Venture.Business Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 30, 2000 Companies to Form The First CD-Based Electronic Payment and Personal Key Indentification Solution for Secured Online Transactions and Network Management Einux Inc., a frontrunner in high-density server A server that contains a large number of CPUs, each of which may be hot swapped in and out on its own printed circuit board. See blade. and storage appliances has signed a letter of intent to form a strategic alliance with Korea-based, CD Cash, a secured electronic payment technology company. Aligned with Kookmin Credit Card Co., the largest credit card service company in Korea, CD Cash currently plans to issue 50,000 CD credit cards to consumers in Korea in the next month during its launch and another 200,000 during its second phase. In addition, CD Cash will also be the new payment solution in 3,000 allied shopping malls affiliated with Dacom Co., Korea's second largest telecommunications provider. Together, Einux and CD Cash will merge patented and patent-pending technologies and form a separate operating entity 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. that will offer CD-based physical key identification solutions for the most secure online transaction payment systems to date and maximum server management security. The alliance will unlock a new frontier New Frontier President John F. Kennedy’s legislative program, encompassing such areas as civil rights, the economy, and foreign relations. [Am. Hist.: WB, K:212] See : Aid, Governmental by shaping the future of Internet and e-commerce infrastructure by providing consumers a viable Net payment solution with the first-ever, CD Credit, Debit and Gift Card payment system. This system will enable a user to make Internet purchases with a credit card sized CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). issued by an authorized financial institution without the need to purchase additional or special hardware. By utilizing existing CD technology and its proprietary CD authentication system The combination of authentication server and authenticator, which may be separate devices or both reside in the same unit such as an access point or network access server. The authentication server contains a database of user names, passwords and policies, and the authenticator physically , the joint venture company will solve the dilemma of obtaining physical verification Physical verification A procedure auditors use to ensure that inventory recorded in the book is correct by actually checking out the physical inventory. while utilizing legacy technologies -- in this case, the CD-ROM drive A device that holds and reads CD-ROM discs. CD-ROM drives generally also play audio CD discs by sending analog sound to the sound card via a 4-pin cable. For specifications of 10x, 20x, etc. drives, see CD-ROM drives. See CD-ROM, CD-ROM changer, CD-ROM server and CD-ROM audio cable. , with a market share of more than 26 million bundled with PCs worldwide according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report published by International Data Corporation in 1999. "We are proud to partner on a joint venture with CD Cash, a pioneer in online secure transactions," said Rex Wong, 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. of Einux. "We believe that this joint venture represents the fruit of collaboration on both sides of the Pacific Rim to create a much needed technology which will change the face of secure online remote access and transactions on a global scale." As a separate offering, Einux and CD Cash will produce an authentication system that will combine a physical security key via CD Cash's CD-ROM technology and Einux's High Density server appliances. CD Cash/Einux authentication system will be the ideal integrated solution for large companies with employees that may need to access its network servers from different locations. Companies can achieve inter-office security and efficient management with this solution, which will include a high-density authentication server, CD Card keys and personal identification numbers to provide access to its servers. "Our involvement with Einux was a natural move for us," commented Tae Hoo Bae, president of CD Cash. "We want our technology to evolve into more than just e-commerce tools. With Einux's high-density authentication servers, we can begin to extend our patented technology towards a different but very important purpose." About CD Cash Co. Ltd Founded in 1999 and based in Seoul, Korea, CD Cash Co., Ltd. opens a new avenue in the ever-evolving online transaction payment system. Patented in Korea, its proprietary CD credit card technology has proven to be a highly anticipated vehicle for secured transactions Business dealings that grant a creditor a right in property owned or held by a debtor to assure the payment of a debt or the performance of some obligation. A secured transaction is a transaction that is founded on a security agreement. by online consumers of Korea. In fact, CD Cash has caught the eye of the country's largest credit card service, Kookmin Credit Card Company. Together, CD Cash and Kookmin have already received thousands of applications and will issue an initial 50,000 CD credit cards during its launch. Along with its domestic patents, the company has patents pending in several other countries including the United States, Japan, Taiwan, China and PCT (Private Communications Technology) A protocol from Microsoft that provides secure transactions over the Web. See security protocol. . The CD Cash credit card technology allows personal information, such as credit card and social security numbers to be stored on a secure server so that users will be able to confidently transact purchases from any computer connected to the Internet without having to enter any personal information. The company's mission is to raise the bar and set a new electronic payment system standard that is accepted worldwide. For more information about CD Cash Co., Ltd, refer to the company's Web site at http://www.cdcash.co.kr. About Einux Inc. Einux Inc. is a leading developer of high-density Internet servers and storage appliances. Einux's E.Serv and NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular .erv server and storage appliances allow ISPs, ASPs, telcos, e-businesses and fast-growing enterprises to deploy a high-performance, scalable and reliable Internet infrastructure while achieving the lowest TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. (total cost of ownership) in the industry. Einux's solutions are delivered through a global network of distributors, value-added resellers, strategic partners and ISPs. Founded in 1998, Einux Inc. (http://www.einux.com) is based in Los Angeles, California. |
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