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Medianet Files Patent Application for Secure Real-Time Communication, Improves Speed of Applications.


LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States.  -- Medianet Innovations, a global provider of collaborative communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems
engineering, technology - the practical application of science to commerce or industry
, announced at the Bank Administration Institute (BAI n. 1. a language spoken in the Dali region of Yunnan.

Noun 1. Bai - the Tibeto-Burman language spoken in the Dali region of Yunnan
Baic
) Retail Delivery Conference & Expo 2006 that it filed a patent application with the International Patent and Trademark Office for its firewall-friendly real-time communication solutions. It also upgraded the speed and efficiency of its collaborative solutions to provide financial institution customers a smooth, seamless flow of communication via multi-party voice, video, secure data sharing, instant messaging and Web conferencing.

Medianet's solutions make it possible for financial institutions to implement Web-based communications in a secure, firewall protected environment. Previously, while financial institutions use transmission control protocol (TCP (1) (Transmission Control Protocol) The reliable transport protocol within the TCP/IP protocol suite. TCP ensures that all data arrive accurately and 100% intact at the other end. ) to guarantee secure delivery of data in Web banking, Internet communications providers were using User Datagram Protocol See UDP.

(protocol) User Datagram Protocol - (UDP) Internet standard network layer, transport layer and session layer protocols which provide simple but unreliable datagram services. UDP is defined in STD 6, RFC 768.
 (UDP UDP (uridine diphosphate): see uracil.


(User Datagram Protocol) A protocol within the TCP/IP protocol suite that is used in place of TCP when a reliable delivery is not required.
) or using a peer-to-peer program, allowing others to access bandwidth and using insecure transmissions. Medianet is the first to develop a full suite of real-time communication solutions using the secure TCP environment and secure sockets layer (networking, security) Secure Sockets Layer - (SSL) A protocol designed by Netscape Communications Corporation to provide secure communications over the Internet using asymmetric key encryption.  (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. ) certificates to ensure confidentiality. With this system, users do not communicate directly with each other, but through a firewall-friendly connection to a server using SSL for added protection.

"Financial Institutions need innovative communication technologies that enable competency sharing in a highly secure environment; it can improve everything from customer service to board meetings," said Karsten Madsen, 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 Medianet. "The face of banking is changing quickly and our goal is to help financial institutions take advantage of the change and outperform competitors on a regular basis."

Medianet plans to rollout enhancements to its solutions quarterly, keeping pace with the rapid advances in technology. The most recent enhancements speed file sharing, video conferencing, voice over Internet protocol (VoIP) and other communication processes.

"Our solutions' speed and efficiency are the best available," continued Madsen. "The added benefit of security designed to meet the rigorous demands of financial institutions is one of a kind."

Medianet hopes to drive the adoption of this technology with minimal license fees and no per-minute charges, granting users total control at half the price of competing communication and application share solutions that target general businesses.

About Medianet Innovations

Medianet Innovations is a global provider of collaborative technologies that enable innovative human interactions to occur in the workplace, leading to improved corporate performance. The company's secure Internet based communication platform delivers on-line meeting capabilities with multi-party voice, video, secure data sharing, chat and Web conferencing. Medianet's secure solutions are designed so financial services companies can meet compliance and storage requirements. Medianet offers more functional capabilities than the leading conferencing solution, with higher security and more ease of use at a fraction of the price. For more information about Medianet Innovations' solutions, visit www.medianetinnovations.com or call 336.272.9775.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 15, 2006
Words:449
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