Entrust Technologies, Inc., the leading provider of Certification Authority (CA) and public-key management products, today announced that Secure Electronic Transaction (SET) 1.0 certificates issued by its Entrust/CommerceCA interoperate with merchant, wallet and payment gateway products from GlobeSet and Trintech. This capability highlights the maturity of the SET 1.0 standard and demonstrates to customers the flexibility of a multi-vendor, standards-based environment.
“Interoperability of SET certificates with payment applications is critical to accelerating the worldwide deployment of secure Internet payment services,” said John Ryan, president and chief executive officer, Entrust Technologies, Inc. “This cooperation highlights how real-world public-key infrastructures (PKI) are enabling and forwarding secure business-to-business and business-to-consumer electronic commerce.”
“As the industry’s premier OEM-provider of SET software, GlobeSet is proud to enable Entrust to deliver SET 1.0 capability and guaranteed certificate interoperability to the widest range of SET application vendors in the world,” said Michael Cation, chairman and chief executive officer of GlobeSet. “We are also proud to play a critical role in the practical implementation of SET and the realization of the promise of secure electronic commerce.” “Trintech is delighted to be involved in this industry-wide initiative.
Consumer and merchant confidence is essential to the success to electronic commerce. SET is an important key to unlocking the latent potential of the Internet. Trintech with the help of public-key providers, such as Entrust Technologies, is witnessing an explosion in interest in this exciting new payment medium as proven security standards are developed,” says John McGuire, chief executive officer of Trintech Inc.
To be commercially available in the second quarter of 1998, the Entrust/CommerceCA product is an extension to the Entrust/Manager(TM) software. Entrust Technologies is the only company offering certificate-based security solutions all from a single Entrust public-key infrastructure 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.
Entrust Technologies is dedicated to ensuring the privacy and authenticity of data communications enterprise-wide. 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, TX with offices in New York, San Francisco, Los Angeles, San Diego, Philadelphia, Boston, St. Louis, Raleigh, McLean, Ottawa, Toronto and Montreal. Entrust is a majority-owned subsidiary of Nortel (Northern Telecom). It was recognized by Red Herring Magazine as one of the top 50 private technology companies of 1997.
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Entrust is a registered trademark of Entrust Technologies Limited. All Entrust product names are trademarks of Entrust Technologies Limited. All other company and product names are trademarks or registered trademarks of their respective holders. SET Secure Electronic Transaction, Secure Electronic Transaction, and SET are trademarks of MasterCard International Incorporated and Visa International Service Association.Details