PRESS RELEASE: Entrust Solutions To Be Used By Interpay
25 Sep 09:36
( BW)(ENTRUST)(ENTU) Global Trust Authority Selects Interpay and Entrust
Technologies to Power its Secure e-Commerce Infrastructure
Business Editors
BRUSSELS, Belgium & UTRECHT, The Netherlands--(BUSINESS WIRE)-- Sept. 25,
2000--(NASDAQ:ENTU)
More than 800 Member Banks World-wide To Benefit
From Secure e-Business Transactions
The Global Trust Authority (GTA) announced today that it has selected
Interpay, the Dutch interbanking processor, to operate the root key of its
financial services trust infrastructure to enable secure electronic
communications and transactions on a world-wide scale. Interpay will use
Entrust Technologies' (Nasdaq: ENTU) public-key infrastructure (PKI) solutions
as the proven technology foundation for this comprehensive system.
Based in Belgium, the GTA represents over 800 banks world-wide and will allow
consumers and organizations to transact in confidence with traders in another
country through a trusted e-business system that provides reliable online
identification and authorization of participating parties for transactions in
the Business-to-Consumer, Business-to-Business and Business-to-Administration
arenas.
The GTA root key enables the establishment of a network of GTA PKIs which
allow GTA's member financial institutions to more securely conduct business
transactions.
The GTA selected Interpay as its root key operator because of Interpay's
extensive experience with implementing PKI projects. Interpay was started in
1995 with the implementation of a PKI solution for secure Internet payments,
and is currently operating three Certification Authorities (CAs) using
Entrust's technology. Interpay will use the Entrust/PKI(TM) software solution
to operate the GTA CA, relying on systems integration support of SIA Benelux.
"This announcement marks a significant step forward in the evolution of the
GTA," said John Tunstall, Managing Director ofthe GTA. "The creation of the
GTA root key will open the door for the introduction of applications by the GTA
members that will provide a trusted service to the market in compliance with
the European Directive on electronic signature."
Ben Haasdijk, Executive Vice President of Interpay, says: "We are proud GTA
has selected Interpay as the Root Key Processor, for we fully support the
importance of secure communication via the Internet in respect of the growing
demand in both the business and consumer environment. Interpay has a broad and
proven track record in this field."
"The GTA network leverages financial institutions' historic role as trusted
third parties to enable trusted validation of on-line identities, and secure
e-business transactions," said Arthur Coleman, vice-president, Industries,
Entrust Technologies Inc. "Entrust's proven experience in providing solutions
for financial services brings a solid technical foundation to this global
project, and positions Entrust well for continued growth in a key vertical
market." About GTA
Global Trust Authority S.c.r.l (G.T.A) is registered in Belgium as a Limited
Liability Co-operative Company. Among the founding members of GTA are financial
institutions from Spain, France, The Netherlands, Belgium and Portugal. The
founding members represent in excess of 800 banks.
GTA will satisfy the market requirements for medium to small size companies,
national or supra-national organisations, Government administrations and
individuals as they seek to transact with confidence in a cross border
environment by means of insecure networks, such as Internet, using access
instruments such as smart cards with GSM and WAP.
GTA will provide a world-wide trusted Infrastructure, that can be used by all
sectors, to conduct cross border or national e-commerce. This is realised by
taking the lead in providing five pillars of stability, namely integrity,
security, liability acceptance, interoperability by the use of standards and
trust.
GTA enables participating trading parties to establish a trusted electronic
trading relationship. The means for this is the provision of an environment,
whereby transacting parties have confidence, that each party can be
authenticated, irrespective of the transaction mechanism being used, and that
GTA will arbitrate in between conflicting parties if a loss arises. For further
information please visit: www.gta.multicert.org About Interpay
Interpay reliably and efficiently carries out credit card and interbank
electronic funds transfers in the Netherlands. Using state of the art
computersystems, Interpay processes over two and a half billion payments fully
automated on a yearly basis. This confirms the organization being the dynamic
heart of the Dutch payment infrastructure. Interpay develops, maintains and
operates the networks and systems in a way that Dutch payment transactions can
meet the highest standards. Ongoing innovation and the development of new
products, services and processes are key. Interpay's employees use the
expertise they have built up over the years to ensure this is continuously
achieved. Long-standing co-operation between all Dutch banks and Interpay has
made Interpay a highly valued partner of the banking industry with regard to
payment transaction services.
Dutch banks, through Interpay recently introduced the infrastructure I-Pay,
which is the Internet payment system based on SET certificates. Interpay also
operates three other PKIs, for other financial and non-financial partners.
About Entrust Technologies
Entrust Technologies (Nasdaq: ENTU) is the global leader in solutions that
bring trust to e-business relationships by securing and managing the
transactions that constitute e-business. Through the industry's most
comprehensive portfolio of trusted e-business infrastructure solutions, Entrust
Technologies enables customers to secure their B2B, B2C and internal enterprise
transactions and communications, as well as to manage the e-business portals
through which these transactions take place. Today Entrust serves more than
1,500 customers worldwide. Entrust Technologies pioneered the public-key
infrastructure (PKI) and digital certificate solutions that provide security
for business transactions and communications over the Internet. Entrust
Technologies has R&D labs in Silicon Valley, CA; Ottawa, Canada; and Zurich,
Switzerland, as well as offices around the world. For additional company
information please visit www.entrust.com.
Entrust is a registered trademark of Entrust Technologies Inc. in the United
States and other countries. In Canada, Entrust is a registered trademark of
Entrust Technologies Limited. All Entrust product names are trademarks of
Entrust Technologies. All other company and product names are trademarks or
registered trademarks of their respective owners.
--30--jlm/in*
CONTACT: GTA
John Tunstall, 011/32 2 211 11 03
john.tunstall@gta.multicert.org
or
Interpay
Jannemieke Zandee, 011/31 3 02835017
or
Entrust Technologies
Carrie Bendzsa, 613/247-3455
E-mail: carrie.bendzsa@entrust.com
Website: www.entrust.com
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(END) DOW JONES NEWS 09-25-00
09:36 AM |
