September same-store retail spending rose a mere 0.4% this year based on the dollar volume of checks written by consumers. TeleCheck Services says the downshift in spending was impacted by the untimely death of Princess Diana. TeleCheck says that even though September offered an extra Sunday a significant number of consumers stayed home to follow news of her death. The effect was similar to the Summer Olympics and the Gulf War. TeleCheck’s data showed the Southwest lead the nation with a sales gain of 4.1% while the Mid-Atlantic region showed the greatest decline of 3.7%.
The hottest new product in mortgage lending is getting hotter as consumer credit card and installment debt now exceeds $1.25 trillion. Last year the mortgage industry originated $3 billion of 125% LTV second mortgage loans and is now expected to close over $10 billion of such loans this year. Maryland-based First Fidelity Financial announced yesterday its mass marketing efforts have paid off, as 125% LTV loans comprise 52% of the company’s total loan production. FFF says the loans are used primarily to consolidate credit card debt.
iCat Corporation, Paymentech and CyberCash today announced that they have joined forces to offer merchants a one-stop-shop for electronic commerce, from catalog creation, management and delivery with the iCat Electronic Commerce Suite, to secure transaction processing with Paymentech. Integration with a Paymentech-specific version of CyberCash CashRegister software, which allows credit card information to be sent securely over the Internet, completes the solution. This combination of industry leading Internet catalog software and complete payment services eliminates confusion for merchants, providing them with a single source to completely set up shop online.
“Paymentech has hundreds of merchants processing Internet sales, so we know the potential that exists for those yet to take advantage of electronic commerce,” said John Shirey, senior director of electronic commerce at Paymentech. “With the iCat Electronic Commerce Suite, a recognized leader in its category, we are able to offer our merchant customers another excellent solution for putting their wares on the Web. They can conduct these new transactions safely and securely from day one with Paymentech and CyberCash.”
Under the agreement, Paymentech, the leading processor of non-face-to-face transactions, will offer the iCat Electronic Commerce Suite to its 2,000 merchant customers. Additionally, iCat will provide access to the Paymentech and CyberCash services right out of the box, ensuring a complete, integrated solution from catalog development to secure payment processing. Merchants taking advantage of the iCat-Paymentech solution will have everything they need to market their products and services in multiple currencies, both for credit card and electronic check payments.
“Many merchants who want to do business on the Internet are confused by the complexity of secure web payment systems, and are searching for an Internet-savvy processor who really understands electronic commerce,” said Craig Danuloff, iCat’s president and CEO. “Paymentech not only understands electronic commerce, it knows the direct marketing industry inside out. Combining its services with the iCat Electronic Commerce Suite will make it easy for merchants to adopt the Internet as a significant and safe new revenue stream.”
“iCat’s leading catalog software together with Paymentech’s expertise at providing processing of Internet sales, integrated with CyberCash’s CashRegister software is indeed a powerful alliance to ensure the continued success and growth of electronic commerce, in the US and internationally,” commented Jeff Irby, CyberCash’s vice president, sales and marketing. “Utilizing all of our core competencies we make a superior team for delivering the total electronic commerce package.”
About iCat Corporation
iCat Corporation, founded in 1993 and based in Seattle, Washington, delivers the most complete, powerful, and flexible electronic commerce solution for creating the best catalogs on the Web. The privately held company has technology and marketing relationships with over 300 companies including Open Market, UPS, Compaq, HP, EDS, and CyberCash. Its flagship Electronic Commerce Suite has won more than ten industry awards, including “Best of Class” at Internet Commerce Expo in September, 1997. The software is available in the US, France, Germany and Japan from any of iCat’s business partners, leading distributors such as TechData, Ingram Micro, MicroAge, and Trans Cosmos Incorporated, and resellers such as Software Spectrum. For more information, visit the iCat Web site at http://www.icat.com, or call 888-BUY-ICAT.
About First USA Paymentech
First USA Paymentech, Inc. (NYSE: PTI) (http://www.paymentech.com), founded in 1985, is the leading provider of full-service electronic payment solutions to the direct response industry. As the third largest processor of bankcard transactions in the United States, Paymentech processed $41.3 billion in bankcard sales volume during the last four quarters. The company also issues commercial cards for businesses and other entities. For more information, visit the Paymentech web site at http://www.paymentech.com.
CyberCash, Inc., of Reston, Virginia, is a technology-driven company that provides software and services to enable secure financial transactions on the Internet, around the world. The company offers a complete suite of Internet payment services — including a credit card service, which handles payments using major credit cards, the innovative micropayment service, which enables cash transactions, and the secure electronic check service, which allows consumer-to-business and business-to-business electronic funds transfer. CyberCash works with virtually all transaction processing institutions, and allows banks to offer secure Internet payment systems to their customers. The company is traded on the Nasdaq National Market System under the symbol CYCH.
First Data Investor Services Group, Inc., the mutual fund and distribution services business unit of First Data Corporation (NYSE: FDC), announced today that it has acquired Funds Associates Ltd. (FAL), a major provider of technical solutions for the financial services industry. Terms of the transaction were not disclosed.
FAL, based in Berwyn, Pa., is a privately held specialist data management company whose clients include Wells Fargo, BancOne and Edward Jones. Among its services, FAL has developed SuRPAS, one of the industry’s leading data processing and mutual fund shareholder capabilities systems. SuRPAS will enable First Data Investor Services Group to provide clients with the tools to access a variety of asset allocation and wrap product programs as well as entry into the mutual fund supermarket arena.
“The acquisition of FAL further expands our strategic commitment of ‘Redefining Distribution’ by enabling First Data Investor Services Group to provide the most innovative and complete mutual funds data services available in the industry,” said Jack Kutner, president of First Data Investor Services Group. “This capability is a key component of our strategy to provide clients with the technological tools, service platform and professional expertise to identify, sell and service customers across multiple distribution channels. We expect FAL to be an important part of our growth as we approach the new millennium.”
FAL will operate as a separate business unit of First Data Investor Services Group in the provision of sophisticated data processing solutions.
Commenting on the acquisition, Dick Lucas, president of FAL said, “Our proven capabilities and First Data Investor Services Group’s clear commitment to the bank, broker and fund marketplace form a natural alliance. This combination will enable us to reach our shared vision for the future.” With a servicing portfolio of more than $500 billion, First Data Investor Services Group is one of the nation’s leading providers of mutual fund services to banks, investment advisory firms and mutual fund complexes. With approximately 2,700 employees, the company currently services more than 16 million shareholder accounts and operates 24 hours a day, seven days a week. In addition to its headquarters in Westborough, Massachusetts, First Data Investor Services Group maintains operations in Georgia, Maryland, North Carolina, Rhode Island and Virginia.
Hackensack, N.J.-based First Data Corporation is a global leader in payment systems, electronic commerce and information management products and services. First Data and its principal operating units process the information that allows millions of consumers to pay for goods and services by credit, debit or smart card at the point of sale or over the Internet; by check or wire money.
For more information about First Data, please visit us on the Internet at .
The Vision Factory Inc. today announced the availability of Cybercash’s (NASDAQ:CYCH) Internet Payment Service with its popular Internet storefront builder, [email protected] 2.0.
Catalog 2.0 greatly simplifies the creation, operation and management of sophisticated online catalogs. With the integration of real-time payment processing, The Vision Factory is able to offer merchants an efficient and highly secure process for online purchases.
Support for CyberCash’s merchant software, called the CyberCash CashRegister, is implemented through the use of wizards, allowing site developers to incorporate this advanced back-end payment processing system into Internet storefronts quickly and easily.
“[email protected]’s integration with CyberCash completes the picture for online merchants. It’s important that Websites are able to both accommodate thousands of different products, from a growing number of distribution points, and be able to process orders online so their customers get the security and fast turnaround they expect,” said Jeff Irby, vice president of sales and marketing at CyberCash. “Together, CyberCash and The Vision Factory hope to expand the market for online purchases by making it easier and less costly both to develop and to access an electronic catalog.”
“The Vision Factory is pleased to be working with CyberCash to provide our growing number of merchants a straightforward and commonly accepted payment processing solution,” said David Jones, president of The Vision Factory.
“As [email protected] becomes more widely adopted as the e-commerce development tool of choice among merchants and Web storefront builders, the demand for secure, instant back-end payment is mounting. While many merchants still process orders using traditional methods, others are realizing the value of instant online shopping and ordering. Consumers are beginning to see that using their credit card over the Internet presents no greater risk than other forms of credit card transactions.”
[email protected] 2.0 with support for CyberCash began shipping this week. [email protected] is a powerful, open and productive software package for building, operating and maintaining sophisticated business-to-business and business-to-consumer e-commerce sites.
New features in [email protected] 2.0 include productivity enhancements to reduce development time, such as expanded support of wizards, remote site update, and increased native database support. User-specific access privileges, customization and personalization capabilities, and advanced statistics capture are included to provide more effective online marketing and selling.
The complete [email protected] Suite, which includes Builder, Manager, Commerce, and Statistics modules, is available now for a special introductory offer of $4995 through October 31, 1997 (suggested retail price is $6600).
CyberCash, Inc., of Reston, Virginia, founded in August 1994, is a technology-driven company that provides software and services to enable secure financial transactions on the Internet. The Company offers a complete suite of Internet payment solutions, including a credit card service, which handles payments using major credit cards; the Company’s innovative micropayment service, which enables cash transactions; and the secure electronic check service which allows consumer-to-business and business-to-business funds transfer via checking accounts.
CyberCash works with virtually all transaction processing institutions, and allows banks to offer secure Internet payment systems to their customers.
The Vision Factory is a privately-held company established in 1995 to serve the emerging online professional catalog marketplace. The company develops and markets intelligent software tools to serve the needs of professionals designing and operating high-volume Internet-based commerce sites.
[email protected], the company’s flagship product, sets the standard for creating and maintaining live and appealing catalogs, supporting thousands of items and dynamically updating pages to reflect relevant database changes.
The Vision Factory Inc. can be reached at 269 Mt. Hermon Drive, Suite 105, Scotts Valley, CA 95066, 888/488-3228 (toll-free), or 408/461-2100 and by fax at 408/461-9255. The Company’s Web site address is [http://www.thevisionfactory.com.]
CyberCash, Inc., (Nasdaq: CYCH) the leading enabler of secure financial transactions on the Internet, and Microsoft (Nasdaq: MSFT) today announced the availability of two new CyberCash payment components for the Microsoft Wallet and Microsoft Commerce Server. These new components offer consumers and merchants extended flexibility and greater security for online commerce. A new version of the CyberCash CashRegister integrates seamlessly with the Microsoft Commerce Server, version 2.0, and enables merchants to accept credit card payments over the Internet. Also a Microsoft Wallet Adapter Kit for the CyberCash CashRegister allows CyberCash merchants to accept credit card payments from the Microsoft Wallet, even if they do not use the Microsoft Commerce Server. Merchants may download these components for free from CyberCash’s Web site at
! The Microsoft Commerce Server and Microsoft Wallet are part of Microsoft’s enhanced Internet commerce strategy. They are designed to help companies and developers of commerce solutions reduce the cost and development time required to create and manage business-to-consumer and business-to-business Internet commerce sites. By introducing a series of payment services for the Microsoft Wallet and Commerce Server, CyberCash adds its leading payment services to the offerings of a trusted brand in commerce-enabling software. The CyberCash-Microsoft relationship brings to market, integrated solutions that simplify electronic commerce for all parties involved. As part of their commitment to facilitating Internet commerce, the two companies will continue their joint efforts to develop and support the Secure Electronic Transaction (SET) protocol. The SET protocol is expected to increase financial transactions on the Internet by tightening security and ensuring interoperability.
“We created the Microsoft Wallet and Commerce Server with an open payment architecture to give consumers freedom of choice in how they pay for goods and services online. Working with CyberCash, soon we will be able to offer consumers, merchants and financial institutions a complete Internet commerce solution, including innovative payment services like micropayments and electronic checks,” said Anthony Bay, vice president, general marketing, Microsoft. “We’ve chosen CyberCash as a premier partner in the payments area because, among other reasons, they’re the only vendor offering a complete suite of services.”
“CyberCash’s services are a perfect complement to Microsoft’s Internet commerce strategy,” said Denis Yaro, executive vice president, products and operations, CyberCash. “Microsoft’s open architecture makes it possible for the leader in software to work seamlessly with the leader in payment services, together taking a giant step towards the promotion of widespread Internet commerce.”
“CyberCash’s achievements in deploying electronic payment systems complement Microsoft’s vision for the industry. CyberCash is unique among our payment partners,” said Rich Tong, vice president, marketing, Internet services, Microsoft, “because they provide the broadest set of popular payment types. Now, Microsoft’s solutions will incorporate into a wider array of Internet commerce applications.
“Microsoft is building a very impressive solution for Internet merchants that we think will really spur more innovative shopping experiences and ultimately more electronic commerce,” said Scott Eisenberg, product manager, CyberCash. “CyberCash is committed to being the leading payments partner for the Microsoft solution.”
CyberCash CashRegister for Microsoft Commerce Server, V2.1.2
The latest version of the CyberCash CashRegister allows merchants to establish storefronts that seamlessly integrate with the Microsoft Commerce Server, enabling the merchant to offer CyberCash’s advanced payment options, including credit cards and the innovative CyberCoin(R) service. The product includes all the benefits of the standard CyberCash CashRegister including access to all of CyberCash’s processors — First Data Corporation, Vital, MAPP, First USA Paymentech, Novus, NDC, Wells Fargo and Sligos. The product also comes with storefront integration in a point-and-click installation package, integrating in minutes using Installshield and the visual Pipeline Editor.
Microsoft Wallet Adapter Kit for the CyberCash CashRegister, V2.1.2
This adapter kit allows CyberCash-enabled merchants who do not use the Microsoft Commerce Server to accept credit card and CyberCoin(R) payments from the Microsoft Wallet. To date, more than 1,200 merchants use CyberCash technology for their financial transactions, and with the Microsoft Wallet Adapter Kit, they will also be able to accept the Microsoft Wallet.
CyberCash, Inc., of Reston, Virginia, founded in August 1994, is technology-driven company that provides software and services to enable secure financial transactions on the Internet around the world. CyberCash works with virtually all financial processing institutions, and is currently working with VISA and MasterCard to implement the Secure Electronic Transaction (SET) protocol for online credit card transactions. The company offers a complete suite of Internet payment solutions including the company’s initial service, which handles payments using major credit cards; the company’s innovative micropayment service that enables cash transactions; and PayNow(TM) Secure Electronic Check Service which allows consumer-to-business and business-to-business funds transfer via checking accounts. The company is traded on Nasdaq under the symbol CYCH.
Founded in 1975, Microsoft is the worldwide leader in software for personal computers. The company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.
America Online will cement its dominance of the online world today as it acquires, via a complex transaction, CompuServe. The breaking development this morning will add another 2.6 million subscribers to AOLâs current 9.0 million customers. The complex transaction involves the acquisition of CompuServe by WorldCom and then the sale of CompuServe to AOL. AOL will sell its ANS Communication subsidiary to WorldCom in exchange for CompuServe and $175 million in cash. CompuServeâs primary owner, H&R Block, says it will use the proceeds to introduce new financial products and services.
BlueGill Technologies, Inc(TM) and CyberCash, Inc. (NASDAQ:CYCH) today announced that they will offer an Internet billing solution that incorporates CyberCash’s payment services and BlueGill’s 1 to 1 Server(TM). Combining CyberCash’s payment technology and BlueGill’s bill presentment application will provide a full, interactive solution to companies that want to deliver bills and statements online and have them paid directly at their website. With a solution that utilizes legacy system and web server management and secure Internet payments, companies are now empowered to control their own billing, reduce expenses, and strengthen their relationships with their banks and customers.
BlueGill’s 1 to 1 Server enables billers to generate personalized Internet bills and e-mail from existing print applications. BlueGill’s technology leverages a company’s investment in their legacy billing systems, and enables them to launch an Internet billing initiative without re-writing their legacy applications or the conditional processes, which generate the personalized messages.
To complete the billing cycle, CyberCash will add its PayNow(TM) Secure Electronic Check Service, enabling billers to accept payment online directly at their website. Combining payment with the presentment piece of interactive billing truly makes for a full p.pless billing solution; all of which enables a company’s billing system to be more efficient and cost-effective to run.
When paper statements are produced in volumes exceeding 1 million pages per month, the typical cost is approximately $0.50 per document. If a company has 5 million customers, for example, and it started delivering 1% of it’s monthly bills via the Internet instead of paper, the company would save $300,000 per year in printing and mailing costs alone.
“Billers have also learned that their monthly statements are the most cost-effective tool for communicating with their customers,” said Hal Davis, president of BlueGill Technologies. “Readership is guaranteed and personalized target marketing is made possible. With an online billing system, billers can build a strong `one-to-one’ relationship with their customers.”
“Combining BlueGill and CyberCash’s complementary solutions provides significant benefits to billers,” said Richard Crone, vice president of CyberCash and general manger of PayNow. “In a billing and receipt relationship, the check payment represents an ongoing commitment to continue the service for the next billing period, consummating what marketing people call the follow-on sale. This buying and commitment mindset is one that shouldn’t be taken lightly in crafting the statement review and customer-initiated buying and payment process.”
Companies can provide their customers the ability to analyze their statements, get immediate details on a particular item, view their payment history, or even save this information to their PCs; all of which can be provided and updated on a real-time basis. With the use of CyberCash’s payment service, these customers can now pay their statements securely online from any existing checking account.
As many companies have already begun to exploit marketing messages in their legacy documents, they can also leverage the traffic driven to their websites from their paying customers to cross-sell other products and services. Companies can extend their services and customer base by providing links and advertisements for new or existing products and services, which are placed strategically throughout the customers’ statements. Since it typically takes months to plan a marketing campaign, process for printing, complete inventory, and deliver the inserts with paper bills, companies can additionally reduce their marketing expenses and accelerate their online marketing campaigns.
Interactive billing not only provides key marketing tools that drive customers to a biller’s site and opens the doors for additional revenue streams, but bringing customers to the biller’s site increases the most prized asset of a company: the relationship with their customers. A complete interactive billing solution which combines BlueGill and CyberCash does not require a biller to post their company information, or offer their goods and services, at any other site except their own. This prevents a company from being intermediated from their customers and maintains this vital relationship.
“The billing and payment cycle is one of the most important and leverageable touchpoints with a customer as it maintains their ongoing commitment to the biller,” says Richard Crone, vice president of CyberCash and general manager of PayNow. “The deeper the relationship, the more likely they are to maintain their relationship in the wake of intense competition.”
As billers are fighting for ways to differentiate themselves, they need to provide added value at every point where they come in contact with their customers. With products from BlueGill and CyberCash, billers can build a strong personalized relationship with all of their Internet connected customers.
About CyberCash, Inc.
CyberCash, Inc. of Reston, Virginia, is a technology driven company that provides software and services to enable secure financial transactions on the Internet worldwide. The Company offers a complete suite of Internet payment solutions, including a credit card service, which handles payments using major credit cards; the Company’s innovative micropayment service, which enables cash transactions; and the secure electronic check service which allows customer-to-business and business-to-business funds transfer via checking accounts. CyberCash works with virtually all transaction processing institutions, and allows banks to offer secure Internet payment systems to their customers. The Company is traded on NASDAQ under the symbol CYCH.
About BlueGill Technologies, Inc.
BlueGill’s products enable large companies to distribute monthly statements and other documents over the Internet. BlueGill’s 1 to 1 Server bridges the gap between legacy printing applications and the Internet by building personalized HTML pages, PDF, other data files, e-mail and OFX from existing print and billing applications. These products allow billers to build better relationships with their customers by speeding the flow of statement information and presenting it in customized, personalized electronic format with added value beyond what traditional paper documents could deliver.
ICT GROUP INC. announced the opening of call centers in Lancaster and Sharonville, Ohio, and Martinsburg, W.Va., to enhance the company’s domestic teleservices offerings to clients primarily within the financial services, telecommunications and insurance industries.
“The opening of these newest call centers is clearly an indication of ICT GROUP’s commitment to expand and upgrade its domestic facilities and operations,” said John Brennan, chairman and chief executive officer.
“This expansion is part of ICT GROUP’s dedication to improving its capabilities and offering high-quality outbound telesales and customer care applications customized for specific industry sectors.”
The Lancaster call center, initially staffed by 120 telephone service representatives (TSRs), is equipped with 80 outbound predictive dialing stations. Specializing in outbound telesales to consumer households for clients within the financial services industry, this center is expected to expand to 120 integrated inbound/outbound stations.
The Sharonville center, staffed by 120 TSRs and equipped with 80 outbound predictive dialing stations, focuses on offering customized teleservices for the financial services, telecommunications and publishing industries.
“We now have three call centers in Ohio,” said Jack Magee, president of ICT TeleServices. “All our facilities draw upon an experienced, high-quality regional labor pool with a strong work ethic.”
The Martinsburg center was opened as a result of the company’s outgrowing its Kearneysville, W.Va., facility. It is the second company call center in West Virginia, joining the one in Parkersburg, which opened in 1996. The center is equipped with 112 outbound predictive dialing stations and is staffed by 160 TSRs, of which 30 are licensed insurance agents.
“The Martinsburg facility allows us to more efficiently manage our insurance teleservices operations,” said Kathleen Ritz, vice president and general manager of the TeleDirect and Insurance TeleDirect business units.
Each of the centers provides for improved workstation capacity, resulting in increased program efficiency and overall improved program performance.
ICT GROUP, an independent multinational provider of call center teleservices for sales, marketing and customer care, employs more than 300 professionals in management, sales, systems and operations and approximately 3,500 telephone sales and service representatives and research interviewers.
The company manages 28 call centers in nine states, Europe and Canada, from which it supports outbound and inbound calling for domestic and multinational corporations and institutions.
In addition to its corporate staff, ICT GROUP’s sales and marketing divisions as well as its market research division, ICT Research Services, are headquartered in Langhorne, Pa.
ICT GROUP has sales offices in Philadelphia; Chicago; Miami; Stamford, Conn.; Boston; Amherst, NY; London, England, and Dublin, Ireland. Facilities conducting international operations are located in Miami; Dublin, Ireland; London, England, and New Brunswick, Canada.
The Lancaster, Ohio, center address is: 3052 Old Columbus Road, Lancaster, Ohio 43130-8816, telephone: 614/654-0919.
The Sharonville, Ohio, center address is: 16 Triangle Office Park, Suite 1600, Cincinnati, Ohio 45246-3418, telephone: 513/771-4055.
The Martinsburg, W.Va., center address is: 131 Berkeley Plaza, Martinsburg, W.Va. 25401-3931, telephone: 304/267-5999.
Job opportunities are available at each of the above locations. To learn more about ICT GROUP, visit its web site at [http://www.ictgroup.com.] ICT GROUP is traded on Nasdaq:ICTG.
Capital One hired Canada Trust exec Alan Wolfson yesterday to guide the expansion of card opportunities in Continental Europe.
Consumers maintained a moderate spending pace in August according to data released yesterday by TeleCheck Services Inc. August retail sales are normally fueled by back-to-school purchases but it appears this seasonal activity is extended into September for 1997. TeleCheck noted 15-day UPS strike in August may have negatively affected retail inventories and sales.. TeleCheck reported a 2.5% national increase for August with the northeast and southeast posting the biggest gains of 4.3%.
In keeping with its objective to provide unmatched security for applications that are driving the industry, Entrust Technologies, the leading provider of Certification Authority (CA) and key management products, today announced a Secure Electronic Transaction (SET) extension to its Entrust/Manager(TM) software. By adding the SET capability, Entrust will be the only company offering certificate-based security solutions all from a single Entrust public-key infrastructure (PKI) to serve intranet and Web-based needs and SET applications.
With the SET extension, an Entrust PKI will allow companies such as banks, large retailers or other credit card-issuing organizations to become a SET CA, permitting them to issue certificates to consumers, merchants and payment gateways involved in SET transactions. SET certificates accompanying consumer and merchant software applications provide strong authentication through digital signatures and transaction confidentiality through encryption, paving the way for secure electronic commerce.
“Doing business over the Internet will be the norm in the near future. SET opens doors to merchants and consumers who want to conduct business in this manner securely and with confidence,” said John Ryan, Entrust Technologies’ president and chief executive officer. “With its new SET functionality, Entrust is demonstrating its capability to evolve its platform to support new industry standards.”
The SET extension to Entrust/Manager(TM) will adhere to the PKIX-3 standard for certificate management services. With its SET functionality, Entrust will give businesses a comprehensive solution that issues SET 1.0 certificates; “enterprise” certificates for desktop applications, such as e-mail, e-form and remote LAN access, to secure corporate intranets; and Web certificates, used by browsers and servers to secure Web sessions with the Secure Sockets Layer (SSL) protocol. This all-in-one Entrust solution will give customers the power to deploy security for virtually any network application.
With the new SET capabilities, Entrust will have the following distinguishing features:
Standards compliance: Entrust adheres to the SET 1.0 protocol, issues X.509 version 3 certificates and supports the PKIX-3 certificate management standard. In addition, Entrust Technologies plans to test Entrust’s SET capabilities with Tenth Mountain Systems, Inc. (TMS), the SET Compliance Authority.
Scalability: The SET-enabled Entrust product supports a distributed registration authority infrastructure, important for large-scale implementations; and
Interoperability: Entrust’s SET functionality supports cross-certification with superior CAs in the SET hierarchy.
Entrust/Manager software with SET capability will be available in the fourth quarter of 1997.
Entrust Technologies is dedicated to ensuring the privacy and authenticity of data communications enterprisewide. Its award-winning public-key infrastructure technology combines encryption and digital signature capabilities with fully automated key management. Widely used by financial institutions, government agencies and high-tech corporations, the Entrust software family provides a complete security solution across multiple platforms for desktops, corporate networks, intranets and the Internet. Entrust Technologies is headquartered in Richardson, Texas and Ottawa, Canada with offices in New York, California, North Carolina, Virginia, and the U.K. It is a majority-owned subsidiary of Nortel (Northern Telecom).
Visit Entrust Technologies’ Web site at [http://www.entrust.com ]