Barclays Selects VeriSign OnSite to Secure the First Online,
Real-Time Share Trading System in the UK
Business Customers Able to Trade in Real Time and Obtain Up-to-the-Minute
Trading Account Services and Information
SAN JOSE, Calif., RSA Data Security Conference, Jan. 18 /PRNewswire/ -- VeriSign,
Inc. (Nasdaq: > VRSN ), the leading provider of Internet-based trust services, today
announced that Barclays has selected VeriSign OnSite(SM) to secure its online
share trading service. Barclays will issue digital certificates to customers of Barclays
Stockbrokers, the first online, real- time certificate share trading service in the UK.
Subscribers of this new service will present their Barclays branded digital certificate
when logging onto the service, enabling them to access stock prices, and buy and
sell shares in real time over the Internet in a secure and private manner. In addition
to Barclays Stockbrokers, Barclays plans to use VeriSign OnSite 4.0 to integrate
digital certificates to secure other applications, including secure access to the
corporate intranet, and secure e-mail via the S/MIME protocol.
Millions of British citizens have recently become first-time stockholders as a result
of the privatization of government-controlled organizations. This, coupled with the
fact that the UK ranks first of the European countries in terms of Internet access, has
lead to the emergence of a new market for online stock trading. Previously, Barclays
offered customers the ability to trade stock via a telephone trading service. By
adopting VeriSign OnSite 4.0, Barclays can provide its expanding customer base
with the security necessary to take advantage of online trading. Beginning this
month, Barclays will issue digital certificates as part of the registration process for
its new online trading service.
"In implementing Barclays Stockbrokers online service, we needed an easy- to-use
and transparent security solution that provided our customers with the trust
necessary to conduct transactions online," said Terry Brookman, senior security
consultant at Barclays. "By adopting VeriSign OnSite, we immediately established a
complete trust services utility at a cost far less than building our own solution in
house."
"Through the use of VeriSign's trust services, Barclays is demonstrating their
innovative and nimble approach to address the needs of EU customers in the global
economy of the 21st century," said Richard Yanowitch, vice president of marketing
at VeriSign.
VeriSign OnSite 4.0
VeriSign OnSite 4.0 is the world's first integrated PKI platform, combining advanced
PKI technology with a global PKI backbone, guaranteeing high-availability digital
certificate services for enterprises securing a wide range of intranet, extranet, virtual
private networking, and e-commerce applications. OnSite 4.0 provides advanced
features including the industry's most secure key management/key recovery
solution, enterprise integration tools, enhanced administration, and broad
application support -- all backed by carrier-class provisioning delivered by VeriSign
and its network of global affiliates in the U.S., UK, France, Germany, the
Netherlands, Taiwan, Japan, and South Africa. Over 220 major enterprises including
Barclays Bank, Morgan Stanley Dean Witter & Co., First Union Bank, NationsBank,
and Texas Instruments have chosen VeriSign OnSite 4.0 to secure a broad range of
network applications using digital certificate technology. OnSite 4.0 is available with
base pricing beginning at $5,000 for PKI pilot deployments.
Barclays
Barclays PLC is a UK-based financial services group engaged primarily in the
banking and investment banking businesses. Barclays has been involved in banking
in the UK for over 300 years, and operates in 65 countries worldwide. The Barclays
Group is one of the leading providers of coordinated global services to multinational
corporations and financial institutions in the world's main financial centres, and
provides a number of electronic services to wholesale and retail customers including
PC Banking and Internet Banking. In terms of assets employed, Barclays is one of
the largest financial services groups in the United Kingdom. At 30 June 1998, the
Group had total assets of 249bn pounds (US$416 billion), shareholder funds of 7.9bn
pounds (US$13.2 billion) and assets under management and advice of US$576bn.
VeriSign, Inc.
VeriSign, Inc. (Nasdaq: > VRSN ) is the leading provider of Internet-based trust
services and digital certificate solutions needed by Web sites, enterprises, electronic
commerce service providers and individuals to conduct trusted and secure
electronic commerce and communications over IP networks. VeriSign's digital
certificate services for Web sites and consumers are available through the
company's Web site at verisign.com. The company's digital certificate
services for enterprises and electronic commerce service providers are available
through regional account representatives, resellers, and global affiliates.
VeriSign is a registered trademark exclusively licensed to VeriSign, Inc. VeriSign
Global Trust Network, VeriSign Trust Network, Global Trust Network, and OnSite are
service marks of VeriSign, Inc. All other trademarks are properties of their respective
owners.
SOURCE VeriSign, Inc. |
