Maithean and SPYRUS Announce NetPay SET Payment System for Internet Payments.SAN FRANCISCO--(BUSINESS WIRE)--Jan. 27, 1997--Maithean Inc. and SPYRUS(R) today announced the availability of the NetPay SET Payment System(TM) with the SPYRUS SET-enhanced EES See Skipjack algorithm. LYNKS Privacy Card(TM). The NetPay SET Payment System(TM) is a comprehensive credit card payment solution based on the SET (Secure Electronic Transaction Secure Electronic Transaction (SET) is a standard protocol for securing credit card transactions over insecure networks, specifically, the Internet. SET is not itself a payment system, but rather a set of security protocols and formats that enables users to employ the existing ) specification defined by VISA(R) and MasterCard(R). The system includes the NetPay Wallet(TM), an electronic wallet See digital wallet. for consumers; the NetPay Merchant(TM), a client-server based credit card payment management system for merchants; and the NetPay Gateway(TM), a client/server-based SET payment system interface for credit card processors and acquirers. Each application includes a variety of integrated tools for digital receipt, certificate, and transaction management. All components are interoperable with other SET-compliant systems including certificate authorities. The system's open and extensible standards-based platform can support other secure electronic commerce application modules such as electronic draft checking, bill presentment See EBPP. , and banking. The NetPay application has been integrated with the SPYRUS EES LYNKS Privacy Card using Microsoft CryptoAPI. It is the first SET product to fully integrate cryptographic hardware for processing as well as key and certificate storage. "The NetPay SET Payment System is a comprehensive solution for SET payment that integrates well with the hardware cryptographic support on the EES LYNKS Privacy Card," said Charles Walton, director for electronic commerce at SPYRUS. "We value our partnership with Maithean and together bring a unique SET payment solution to the credit card brands and member banks." "The LYNKS EES Privacy Card provides our customers with a proven, cost-effective solution for industry-standard cryptography," said Mark Wolfe  This article or section is an autobiography, or has been extensively edited by the subject, and may not conform to Wikipedia's NPOV policy.Please see the relevant discussion on the . , vice president and general manager at Maithean. "LYNKS offers a dedicated cryptographic coprocessor A hardware module that includes a processor that is specialized for encryption and related processing. Such devices are built with numerous protection features that prevent unauthorized retrieval of their data as well as from having their circuits reverse engineered. with comprehensive algorithm support and a standard API. It offers highly secure but portable storage of cryptographic keys and certificates." The SPYRUS EES LYNKS Privacy Card with SET Upgrade implements standard 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. public key cryptography An encryption method that uses a two-part key: a public key and a private key. To send an encrypted message to someone, you use the recipient's public key, which can be sent to you via regular e-mail or made available on any public Web site or venue. with the SET-defined cryptographic operations to authenticate each party in the payment transaction and encrypt each transaction. Key and certificate storage is provided in a removable hardware token form factor. SPYRUS has also developed a Cryptographic Service Provider In Microsoft Windows, a Cryptographic Service Provider (CSP) is a software library that implements the Cryptographic Application Programming Interface (CAPI). CSP's implement encoding and decoding functions, which computer's application programs may use for e.g. (CSP (1) (Certified Systems Professional) An earlier award for successful completion of an ICCP examination in systems development. See ICCP. (2) (Commerce Service P ) for Microsoft CryptoAPI to allow the SET payment application to access the cryptographic functions on the card using a standard interface. The SET-enhanced EES LYNKS Privacy Card and CSP are integrated with each of the three NetPay components: Wallet, Merchant, and Gateway. Multiple cards can be supported at Merchant and Gateway elements to allow for incremental deployment plans. "We are pleased that Maithean and SPYRUS are using Microsoft CryptoAPI as part of their SET payment system," said Pradyumna Misra, security product unit manager at Microsoft Corporation. "Hardware-based key and certificate storage provided by the EES LYNKS Privacy Card will ensure an added level of security for credit card payments over the Internet." "We applaud Maithean and SPYRUS in providing a complete SET payment solution with integrated hardware cryptography," said Richard Yanowitch, vice president of marketing at VeriSign. "With VeriSign certificate services being integrated with the Maithean/SPYRUS SET product suite, customers will have a complete solution offering for electronic commerce." "By subscribing to GTE's Partner Forum SET Test Certificate Authority service, Maithean/SPYRUS and GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) are working to demonstrate interoperability for SET certificate support," said Tom Carty, vice president of marketing and business development for GTE CyberTrust. "GTE is pleased to see SPYRUS and Maithean providing the first SET solution using hardware to protect the cryptographic keys." The NetPay SET Payment System is currently being demonstrated at the RSA Data Security Conference and is scheduled for SET pilot deployment in 2Q97. Pricing is available upon request. About SPYRUS SPYRUS is a leading provider of high-assurance hardware cryptographic products that are Algorithm Agile(TM) and form factor independent. SPYRUS' products provide encryption, digital signature, access control, and metering solutions for Corporate IS, WWW/Internet and Intranet Applications, Electronic Commerce, and Government applications. The Company's core products are built around its SPEX/(TM) library, a host-based API that supports application integration with a suite of hardware cryptographic products. SPYRUS cryptographic products are intended for use with security- sensitive applications; protocols such as SET, SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. , and S/MIME See MIME. ; and Microsoft(R) Authenticode(TM) technology. The Company's products are used with a variety of certificate authority products to provide critical infrastructure support for issuance and management of a deployed hardware token community. Founded in 1992, SPYRUS is headquartered in San Jose, Calif. and has branch offices in Columbia, Md., and Waltham, Mass. About MAITHEAN Maithean is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. founded in 1993. It offers highly innovative open standards-based solutions for secure electronic commerce. Maithean provides its software products, technology, and consulting services to financial institutions, service providers, and major hardware and software manufacturers. -0- Note To Editors: SPYRUS(R) is a registered trademark of SPYRUS. SPEX/(TM), Algorithm Agile(TM), and LYNKS Privacy Card(TM) are trademarks of SPYRUS. NetPay(TM), NetPay Gateway(TM), NetPay Merchant(TM), and NetPay Wallet(TM) are trademarks of Maithean. All other trademarks are the property of their respective owners. CONTACT: Maithean Mark Wolfe, 510/838-0752 Email: wolfe@maithean.com WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. : http://www.maithean.com or SPYRUS Stu Vaeth, 617/647-7676 Email: ecommerce@spyrus.com WWW: http://www.spyrus.com |
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