SPYRUS PKI Solution Secures Mover S.p.A.'s Electronic Transaction Network for European Consumers.Business/Technology Editors SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Nov. 29, 2000 Highly-Secure Mover Card Based on the SPYRUS Rosetta(TM) Smart Card Lets Consumers Safely Buy Products Online By Eliminating Threat of Credit Card Fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. SPYRUS(R), the high-assurance 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 Systems solution company for global business, today announced the successful implementation of its SPYRUS PKI System solution at Mover S.p.A., providing a highly secure foundation for the Mover Card initiative, a Rosetta(TM) Smart Card-based e-commerce system that lets online shoppers safely buy products over the Web. Mover S.p.A., an Italian corporation financed in part by the KIWI funds, solves the e-commerce security concerns faced by online buyers and sellers through the creation of a comprehensive electronic payment system to support secure online purchases. Powered by the SPYRUS PKI System solution, Mover will launch its Mover Card program to let consumers purchase products online in a completely secure environment, eliminating the threat of credit card fraud. "The SPYRUS PKI offers Mover the world's most secure public key infrastructure to ease customers' online purchasing concerns which have restrained wide consumer acceptance of e-commerce services," said Sue Pontius, 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. at SPYRUS. "The Mover Card program, based on SPYRUS technology, ushers in the latest evolution of secure e-commerce by protecting customers' personal and credit card information while still providing a convenient, easy way to purchase products online." The Mover Card program lets consumers conduct online transactions with their credit cards without having to provide their card numbers to merchants over the Web. Mover securely stores consumers' personal and credit card information in an offline database and issues each customer a SPYRUS Rosetta Smart Card, the Mover Card, which contains a digital certificate representing the cardholder's identity. The Mover Card is then used with the SPYRUS Personal Access Reader to purchase products from affiliated merchants, with Mover handling the associated credit-card settlement transactions. With the Mover Card system, customers and merchants alike gain the highest level of secure authentication See authentication token and SecurID card. to validate transactions and reduce fraud incidents. "The Mover Card system guarantees absolutely safe online purchases, thus eliminating one of the public's largest hurdles to embracing Web shopping," said Filippo Alliney, CEO and Managing Director at Mover. "Managed by top-level executives coming from the Italian financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. community, Mover was able to quickly develop a comprehensive, highly secure payment system to handle transactions between online merchants and consumers. Use of the SPYRUS PKI System Solution tied to the Mover credit card settlement transaction application is one of the first operational examples of the use of PKI in a valuable real world application." Selecting the integrated solution set of the SPYRUS PKI System Solution, Mover gained considerable time-to-market benefits by working with a single company, allowing them to be operational within several months of project inception. SPYRUS PKI offers Mover the highest assurance security foundation with required risk management capabilities. In addition, SPYRUS' world-class Rosetta Smart Cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. provide Mover with non-repudiation of all transactions and the highest assurance protection of identities and transactions available in the industry. The extensibility of SPYRUS products also give Mover the flexibility to deliver expanded e-commerce services to the financial services market in the future. "Consumers and businesses alike benefit from our Mover Card program. Online shoppers can confidently purchase products online using our highly secure network, driving increased sales volumes for e-retailers. Online merchants can also reduce instances of fraud, providing significant costs savings and reducing administrative overhead," Alliney added. "Mover, in partnership with SPYRUS, is leading the e-commerce revolution with innovative, secure services that will make Internet use a common part of everyday life." About Mover SpA Mover is an Italian company financed by KIWI investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company , private investors, and the management whose mission is offering open platform support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for Internet payment systems. Mover has developed a Smart Card-based system that supports absolutely safe online purchases, thus eliminating one of the most important hurdles to Web shopping. Mover started its services in the Italian marketplace and soon will extend them on an international basis. Please visit Mover's website: www.mover.it (in Italian). About SPYRUS SPYRUS, the high-assurance PKI Systems Solution Company for Global Business(TM), leads the PKI industry by securing the Internet for high-value data exchanges and transactions. SPYRUS builds and deploys Public Key Infrastructure (PKI) system solutions for demanding policy management, audit, risk, and liability requirements. SPYRUS competes principally in this area with ActivCard (Nasdaq: ACTI ACTI Advanced Cleanup Technologies, Inc (Rancho Dominguez, CA) ACTI Advanced Computational Technology Initiative ACTI Advisory Committee on Technology Innovation ACTI Aircrew Coordination Training Instructor ), Entrust (Nasdaq: Entu), Baltimore Technologies Baltimore Technologies was an internet security firm founded in 1976 by Michael Purser. It was acquired in 1996 by a team financed by Dermot Desmond and led by Fran Rooney, who became CEO. (Nasdaq: Balt), RSA Security (Nasdaq: RSAS RSAS RSA Security, Inc. (stock abbreviation, AMEX) RSAS Royal Swedish Academy of Sciences RSAS RAND Strategy Assessment System RSAS Reactor Safety Assessment System ), and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE NYSE See: New York Stock Exchange : IBM). SPYRUS PKI solutions are currently deployed for live operation in health care, utilities, government, financial, and law enforcement markets, with fully operational systems scalable to millions of users worldwide. SPYRUS Inc. is a private company headquartered in Santa Clara, Calif., with offices across the United States and in Canada, Europe, and Australia. For more about SPYRUS and its solutions, please visit www.spyrus.com. |
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