From: newsout@stockwatch.com
Date: Wed, 22 Sep 1999 06:42:29 -0700
Subject: Stockwatch US: RIMM
(Applies to: DVNT RIMM BLS)
(DVNT.) Diversinet, BellSouth Wireless Data To Pilot Security Solutions
For Wide-Ranging Wireless E-Commerce Applications Across U.S.
NEW ORLEANS, Sep 22, 1999 (BUSINESS WIRE) --
First Call Corp. (a Thomson Financial company) among
first to pilot wireless e-commerce application
Diversinet Corp. (Nasdaq:DVNT, Canadian Dealing Network:DVNT), the
leading provider of security solutions for wireless e-commerce, today
announced it is working with BellSouth Wireless Data to create
end-to-end e-commerce security solutions for subscribers to the
nationwide BellSouth Intelligent Wireless Network(SM).
Diversinet is providing its patented Passport security software to
facilitate such wireless data applications as personal banking, stock
trading, healthcare and shopping.
One of the first companies to pilot the enhanced security applications
will be the Boston-based First Call Corp., a Thomson Financial company,
that's a leader in providing financial information. First Call offers
real-time broker-sourced research, earnings estimates, equity and fixed
income ownership information, insider trading data and corporate news
releases.
The First Call service will be piloted by financial analysts to receive
confidential quote and rating information for companies they are
tracking. Diversinet's client software will be incorporated into the
RIM Inter@ctive(tm) Pager 950 from Research In Motion Limited. The
Inter@ctive Pager 950, with a superb, full keyboard and large screen,
is designed for superior interactive wireless data communications.
BellSouth Wireless Data and Diversinet are also evaluating
opportunities in the healthcare field and are in active discussions
with a national medical company to market wireless e-commerce solutions
to the medical community. Among the solutions to be developed will be
the ability of doctors to wirelessly transmit prescriptions to
pharmacies, such as when they are at a conference or traveling to and
from a hospital.
The pilot projects are scheduled to begin by the end of this year.
These projects are part of a comprehensive strategy by BellSouth
Wireless Data to take the lead in offering wireless e-commerce
applications -- such as stock trading, banking, shopping and healthcare
-- across the United States.
For these applications to be successful, subscribers must be assured
their transactions are secure. One of the major reasons potential
purchasers are hesitant to use the Web for transactions is the fear of
insufficient security measures.
Diversinet's Passport software provides security solutions that are
optimized for wireless devices and other bandwidth-constrained
products, such as smart cards. Diversinet uses a multi-mode approach to
security that includes encryption, digital signatures, digital
certificates and digital permissions.
In brief, digital certificates include information about the identity
of the sender (such as someone who wants to purchase a stock or
transfer funds from one bank account to another) and the recipient
(such as a brokerage house or bank) via an encrypted, alphanumeric
code. The certificate also includes the name of the company
guaranteeing the validity of the information. The company guaranteeing
the information -- which could be the bank, stock company or a
third-party firm -- is called a Certificate Authority.
Once the certificates are exchanged and verified -- typically within
seconds -- the transaction, which is encrypted, proceeds.
"In essence, Diversinet makes wireless e-commerce happen," says Nagy
Moustafa, President and CEO of Diversinet. "Without an enhanced level
of security, none of the exciting wireless e-commerce applications will
succeed because users won't trust the safety of their transactions,"
Moustafa says.
"Diversinet's software provides that trust through our patented
technology to ensure that buyers and sellers are authenticated. The
software also provides an 'audit trail' that's vital if the transaction
is ever disputed," he says.
About Diversinet
Diversinet Corp., headquartered in Toronto, Canada, is a leading
developer of security products based on public-key technology for
wireless and wireline e-commerce applications, such as banking, stock
trading, financial analysis and healthcare databases. Diversinet's
innovative Passport software, including authentication, digital
certificates, digital signatures and digital permits, is especially
designed for resource-constrained products, such as pagers, wireless
phones and smart cards.
For additional information about Diversinet, wireless security and
wireless e-commerce, please visit the Web site at dvnet.com.
About BellSouth Wireless Data, L.P.
BellSouth Wireless Data, L.P., headquartered in Woodbridge, N.J., is
an expert in providing proven wireless data communications solutions
that eliminate the barriers between critical information and mobile
users. The company, a winner of the prestigious Sears Innovation Source
of the Year and Partners in Progress awards, delivers a competitive
advantage and increases personal productivity for aggressive,
innovative companies and individuals leveraging communications
technologies to meet their strategic goals. BellSouth Wireless Data
operates its wireless data service throughout the United States,
covering more than 93 percent of the urban business population located
in 492 Metropolitan Statistical Areas (MSAs) and non-MSAs with a total
population of 200 million people.
BellSouth Wireless Data is a subsidiary of BellSouth Corporation.
BellSouth Corporation provides telecommunications, wireless
communications, cable and digital TV, directory advertising and
publishing, and Internet and data services to nearly 34 million
customers in 19 countries worldwide.
Web site address: www.bellsouthwd.com. This press release may contain
forward-looking statements relating to Diversinet. Among the important
factors that could cause the actual results to differ materially form
those indicated by such forward-looking statements are delays in
product developments, undetected software errors and bugs, competitive
pressures, technical difficulties, market acceptance, changes in
customer requirements and general economic conditions. All other
companies and products listed herein may be trademarks or registered
trademarks of their respective holders.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Diversinet Corp.
HWH Public Relations, 212/355-5049
jeffl@hwhpr.com
or
Investor Relations Group
Richard Land, 212/736-2650
TheProTeam@aol.com
WEB PAGE: businesswire.com
GEOGRAPHY: LOUISIANA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
INTERACTIVE/MULTIMEDIA/INTERNET
TELECOMMUNICATIONS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
|
