Business Wire - January 17, 2000 14:36
Safe and Secure in the Palm of Your Hands nCipher and Sonera SmartTrust Together Secure Wireless E-Commerce
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 17, 2000--RSA Conference, Booth #623--nCipher Inc., the leading developer of high-performance hardware security products for e-commerce and Public Key Infrastructure (PKI) applications announced today that they are working together with Sonera SmartTrust Ltd., the leading provider of PKI based security services for wireless e-commerce, to enable secure mobile transactions for the fast emerging wireless application protocol (WAP) and today's short messaging service (SMS) market. nCipher's high-performance security and transaction acceleration solutions for e-business are deployed by Sonera SmartTrust to bring, for the first time, enhanced security to a vast number of mobile phone users. Thereby creating a secure channel for wireless e-commerce services.
In order for the wireless e-commerce services to be embraced by the end-users, the services must be easy to use and, in all environments whether Internet or wireless, the security system must address the parallel issues of speed and security. nCipher's products are specifically suited to meet these requirements. These products ensure that critical payment transactions are conducted rapidly and also establish a secure storage of digital signature keys used in, for example, online brokering, financial transactions, and authorization. Embedding this technology in Sonera SmartTrust's wireless e-commerce solution, the nCipher and Sonera SmartTrust partnership will open the way for rapid growth of global, secure wireless e-commerce.
Mr. Harri Vatanen, CEO and President of Sonera SmartTrust Ltd. commented that: "The rapid embrace of new added-value mobile services has set the stage for an explosive growth of wireless e-commerce. Sonera SmartTrust, with its proven digital signature and encryption technology, is ready to help companies to build and launch new wireless services of this emerging business. Today our customers can communicate securely when and how they choose. With financial transactions and especially with time critical services, such as stock brokering, security is an imperative. Therefore we are very pleased to be working with nCipher and offering our customers high performance, secure wireless e-commerce solutions."
"In wireless e-commerce, as in e-commerce, users and vendors alike need to be confident that the high volumes of transactions that they are placing over their phones are secure and their integrity protected. With the advent of wireless e-commerce and mobile banking emerging on the wireless Internet, providing a safe and secure environment is a critical consideration for wide scale deployment. The benefits of wireless e-commerce will only truly be realized when mobile transactions can be seen as secure as traditional methods. nCipher is delighted to be working in partnership with Sonera SmartTrust to bring these innovative solutions to the marketplace," said Alex van Someren, president and CEO of nCipher.
About Sonera SmartTrust Ltd.
Sonera SmartTrust Ltd., a wholly owned subsidiary of Sonera, is a global leader in wireless e-commerce services and solutions based on Public Key Infrastructure (PKI). More information on Sonera SmartTrust can be found at smarttrust.com.
About Sonera
Sonera is an international forerunner in mobile, data and media communications, with subsidiaries and associated companies in 14 countries. Sonera is listed both on Helsinki Exchanges (SRA) and on NASDAQ (NASDAQ: SNRA). Sonera's vision is to become one of the world's leading mobile-based communications operators providing mobile communications services to which a large selection of content and transaction services are connected. In 1998, Sonera's revenues amounted to USD 1.9 billion and the profit before extraordinary items and taxes was USD 404 million. Information about Sonera can be found on the Internet at sonera.com
About nCipher
Founded in 1996, nCipher is the leading provider of high-performance hardware security products specifically designed for e-commerce and Public Key Infrastructure (PKI) applications. nCipher's family of products accelerate secure transactions and provide secure key management capabilities for organizations with high volumes of security sensitive transactions. nCipher customers include many of the world's leading financial institutions, e-retailers, service providers (ISPs/ASPs) and government agencies. With offices in Cambridge, UK; Boston, MA; New York, NY; San Mateo, CA; Paris, France; Hamburg, Germany; nCipher serves customers and partners around the world.
For more information on nCipher products and services, please visit our Web site at ncipher.com.
CONTACT: nCipher Inc.
Richard Kosinski, (781) 994-4050
rkosinski@ncipher.com
or
Schwartz Communications, Inc.
Tedd Rodman/Jennifer Barlow, (781) 684-0770
ncipher@schwartz-pr.com |
