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Gold/Mining/Energy : Certicom Corporation (TSE:CIC, NASD:CERT)
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To: Ron Nairn who wrote (2542)12/21/1999 11:54:00 AM
From: Tom Drolet  Read Replies (3) of 4913
 
Rondo:; Scotia goes with Identrus--who are they when they are home? Any connection to CIC?

Scotiabank Joins Alliance to Secure E-Commerce

TORONTO, Dec. 21 /CNW/ - Scotiabank announced today that it has joined Identrus, an international organization dedicated to securing e-commerce around the world. This alliance of international financial institutions has
been set up to offer a secure worldwide framework for doing business on the
Internet by providing companies with the ability to verify the identity of
their trading partners.
"We are looking forward to working with Identrus and sharing our
experience with leading-edge online security," said Albert Wahbe, President of
e-Scotia.com and Scotiabank's Executive Vice-President of Electronic Banking.
"Scotiabank and its new subsidiary e-Scotia.com are leaders in providing
Canadians with the most advanced Internet security available in the
marketplace today. We are now taking the next logical step to promote
e-commerce by working with organizations like Identrus to offer our business
customers a guarantee about the identity of their Internet trading partners."
Identrus is the world's leading provider of verification of a business's
identity for e-commerce. It offers companies certification services through
their financial institutions and provides assurances for e-commerce
transactions. These certification services enable businesses globally to
verify the identities of other companies by using digital certificates --
electronic passports that have been successfully used by e-Scotia.com and
Scotiabank to identify people and resources over the Internet. These digital
certificates will be issued for Scotiabank customers by e-Scotia.com and
stored on smart cards to further expand on the success that Scotiabank has had
with smart cards.
"Through Scotiabank's and e-Scotia.com's commitment to secure e-commerce
for their customers, it is clear that they share the Identrus philosophy of
creating trust through open standards and interoperability," said Guy Talent,
President and CEO of Identrus. "We welcome and eagerly anticipate their active
participation in our efforts to bring trust to business to business
e-commerce."
"As we move into the 21st century, e-commerce is forecast to grow at a
phenomenal rate," added Wahbe. "Scotiabank and e-Scotia.com are committed to
securing the electronic highway for Canadian businesses so that they can
benefit from the e-commerce evolution and realize cost savings from doing
business online."
Scotiabank is one of North America's premier financial institutions, with
more than $222 billion in assets and approximately 41,000 employees worldwide.
It is also Canada's most international bank with more than 1,600 branches and
offices in more than 50 countries on six continents. Scotiabank is on the
World Wide Web at www.scotiabank.ca.
-0- 12/21/1999

For further information: Catherine Melville, Scotiabank Public Affairs, (416) 866-6203

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