iMerchants Licenses Diversinet's Security Technology For New Secure Wireless Banking Solution.Business Editors/Technology Writers TORONTO & HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. SAR (Segmentation And Reassembly) The protocol that converts data to cells for transmission over an ATM network. It is the lower part of the ATM Adaption Layer (AAL), which is responsible for the entire operation. See AAL. SAR - segmentation and reassembly , CHINA--(BUSINESS WIRE)--Jan. 22, 2002 Diversinet Corp.(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DVNT DVNT Deviant (record label) ) iMerchants Launches Its Wireless Banking Solution Bundled With Diversinet's Wireless Security Technology To Support Hongkong Post's Mobile E-Cert iMerchants Ltd. (8009.hk), a leading provider of specialized software solutions for the 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. industry in Asia, and Diversinet Corp. (NASDAQ Small Cap: DVNT), a leading provider of m-commerce security infrastructure solutions and Hongkong Post's partner in providing the Mobile e-Cert to Hong Kong, announced today the availability of iMerchants' wireless banking solution for personal digital assistants (PDAs), using Diversinet's Public Key Infrastructure (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 ) security technology. This powerful combination of technologies enables wireless financial transactions to be conducted securely using Hongkong Post's Mobile e-Cert. iMerchants is Diversinet's first solution partner offering wireless banking solutions to banks in Hong Kong Hong Kong maintains a three-tier system of deposit-taking institutions, licensed banks, restricted licence banks and deposit-taking companies. They are collectively known as authorised institutions by the Hong Kong Monetary Authority, which is responsible for regulations. . iMerchants employs Diversinet's wireless PKI toolkit in its wireless banking solution to enable the use of Hongkong Post's Mobile e-Cert to verify and authenticate the validity of each party involved in a wireless banking transaction. Hongkong Post's Mobile e-Certs, which are built on Diversinet's advanced wireless PKI technology, ensure the confidence of banks and their customers in the encryption and authentication of parties involved in wireless transactions through public-key cryptography public-key cryptography - public-key encryption and digital signatures. Mobile commerce solutions have great potential in Hong Kong, with mobile phone penetration reaching over 83 percent of the population and PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). penetration growing quickly. Moreover, under the Digital 21 Strategy, Hong Kong has a major commitment in supporting development of mobile commerce. The launch of iMerchants' wireless banking solution to support Hongkong Post's Mobile e-Cert marks a significant milestone in the advance of iMerchants' wireless banking solution and its support for mobile commerce development in Hong Kong. "iMerchants is cooperating with Diversinet to offer a highly secure wireless banking solution giving banks in Hong Kong the vital end-to-end transaction security required for mobile commerce," said Matthew Johnston, Vice President of Corporate Development, iMerchants Limited. "This is tremendously exciting, because, between Diversinet's leading-edge technology and its partnerships with Hongkong Post
"iMerchants offers a broad portfolio of software solutions that enable financial institutions to improve business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and effectiveness," said Terence Chau, Vice President of Asia Pacific, Diversinet Corp. "The addition of Mobile e-Cert security to its banking applications further enhances the benefits of wireless banking, by providing the high level of security and confidentiality needed in financial transactions. We are thrilled about our co-operation with iMerchants and believe it will be a key element in successfully bringing secure wireless applications to market." About iMerchants Limited - The software solutions company iMerchants Ltd. (8009.hk) provides specialised software solutions for the financial services and trade industries. Founded in 1996, the Company today offers a portfolio of software solutions that help clients to provide new distribution channels, enhance customer care and improve business operations' efficiency. With solutions ranging from online banking, PDA banking and online bill publishing, to application processing and document management, iMerchants' portfolio clearly reflects the Company's commitment to meeting the needs of the market. Strategic investors of iMerchants are PCCW PCCW Pacific Century CyberWorks PCCW Palmer College of Chiropractic West (San Jose, California) and Reuters. For further information visit: www.imerchants.com About Diversinet Corp. Diversinet is a leading developer of advanced wireless security software, enabling mobile e-commerce (m-commerce) services with its wireless security infrastructure solutions. Diversinet's client/server security software facilitates digital signatures, authentication and encryption with PKI products specifically designed to perform optimally in wireless environments and devices. Network Computing's Mobile Observer recently listed Diversinet as one of the top 50 public companies in the mobile and wireless industries. In October of 2001, Diversinet enabled the launch of the first public Certification Authority in the world to offer mobile individual and business digital certificates for consumer use. For more information on Diversinet, visit the company's web site at www.diversinet.com. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission. |
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