Wells Fargo and GTE CyberTrust Unveil Online Authentication Seal -- Wells Fargo's SureServer; Wells Fargo Teams with CyberTrust to Bring Secure E-Commerce to Merchants.SAN FRANCISCO--(BUSINESS WIRE)--May 24, 1999-- As the number of online shoppers soars, Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Co. 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) CyberTrust have teamed together to deliver a new service to merchants that provides secure e-commerce transactions for consumers. Called Wells Fargo's SureServer(SM), the new service will provide electronic credentials known as digital certificates to companies that conduct business through the Internet's World Wide Web. Customers will use Wells Fargo's SureServer certificates to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. their identity, thus assuring both parties that on-line transactions are legitimate and secure. Wells Fargo has partnered with CyberTrust, the most experienced enabler of secure extranets and e-commerce for companies extending their high-value business relationships to the Web. "More and more customers are spending time "Spending Time" is the first single released by Christian artist Stellar Kart. The lyrics describe the band members desire to spend "more time with God". "Sometimes it’s a real struggle to spend time with God. browsing on-line, but many of them are not comfortable enough with Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. to make a purchase. With CyberTrust's help we can now provide them that security assurance," said Debra Rossi, senior vice president of Electronic Payment Services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. at Wells Fargo, one of the first banks in the U.S. to make secured online credit card payments available to merchants. "If 1998 heralded the emergence of online shopping as a cultural phenomena, 1999 will be the year many mainstream consumers test its appeal for the first time." Despite the increased popularity of online shopping, in 1998 Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
When on-line shoppers see Wells Fargo's SureServer seal on an e-commerce Web site, they can be assured that the merchant is a legitimate business and is backed by state-of-the-art security. By simply clicking on Wells Fargo's SureServer seal displayed on the merchant's homepage, customers can view a copy of the digital certificate, complete with validated merchant information. Customers can then be confident in knowing that a trusted bank, Wells Fargo backs the site, and that purchases will be made in a secure environment. "The Wells Fargo Brand is well known to their customers, merchants, and others throughout the North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. as a leading provider of e-commerce solutions. Wells Fargo's SureServer will accelerate the move of many customers to become e-commerce users," said Peter Hussey, President of CyberTrust. "CyberTrust is bridging the gap between e-commerce and secure e-commerce, helping Wells Fargo to make it easy and secure for Wells Fargo merchants and customers to take advantage of the well-respected and, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , trusted Wells Fargo brand." Beginning June 1, 1999, Wells Fargo's SureServer digital certificates will be available to both current Wells Fargo merchant account holders and non-Wells Fargo merchants. To demonstrate their commitment to promoting Internet security and making 1999 a safe holiday shopping season, Wells Fargo will be offering free, trial certificates for a limited time when an Internet merchant account is opened. Merchants can apply for Wells Fargo's SureServer digital certificate at www.wellsfargo.com/biz/merchant or call 800/262-2893. Industry projections indicate Internet retail shopping volume in the U.S. in 1999 could grow to anywhere from $13 billion, 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. Ernst & Young, to close to $20 billion, according to Forrester Research. That compares with an estimated $2.5 billion in Internet spending in 1997, according to Forrester Research. Some forecasters, including Ernst & Young and Intel Corp., predict annual Internet sales could approach $1 trillion by 2002. About CyberTrust CyberTrust is the most experienced enabler of secure extranets and e-commerce for companies extending their high-value business relationships to the Web. CyberTrust's certificate-enabled extranet solutions support privilege-based user access, data confidentiality, audit trails, and digitally signed-binding transactions. Through CyberTrust Authorized PartnerS (CAPS) and global alliances network, CyberTrust offers the industry's most complete suite of public key infrastructure-based products, outsourced service and consulting. CyberTrust is a GTE company headquartered in Needham Heights, MA, with offices in London, England, and Sapporo, Japan. You can learn more about CyberTrust at www.cybertrust.com. About GTE With 1998 revenues of more than $25 billion, GTE is a leading telecommunications provider with one of the industry's broadest arrays of products and services. 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. , GTE provides local service in 28 states and wireless service in 17 states, as well as nationwide long-distance, directory, and internetworking services ranging from dial-up Internet access See dial-up. for residential and small-business consumers to Web-based applications for Fortune 500 companies. Outside the United States, the company serves customers on five continents. About Wells Fargo E-Commerce/Electronic Payment Services Beginning in February 1995, Wells Fargo was one of the first banks in the U.S. to make secured online credit card payment available to merchants. Wells Fargo is one of the few major banks in the country that works with start-up companies start-up company A new business. venturing into e-commerce. The Electronic Payment Services Division is the unit of Wells Fargo responsible for processing standard credit card and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transactions, as well as credit card payments over the Internet. Formed in 1960, the unit has 80,000 customers throughout the U.S. Wells Fargo processed $20 billion credit card purchases in 1998, versus $11 billion in 1996. Debit card transactions processed in 1997 grew to $4 billion, versus $2.6 billion in 1996. Wells Fargo processes secure Internet payments for over 2,500 online merchants. Founded in 1852, Wells Fargo today is a $202 billion diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company providing banking, insurance, investments, mortgage and consumer finance through 5,836 stores and other distribution channels in all 50 states and Canada. |
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