NCR Chooses Certicom to Provide Advanced Security for Electronic Payment Solutions
Certicom Securing a Customized Banking Application that Connects Banks
and Clearinghouses
HAYWARD, CA, March 6 /CNW/ - Certicom, (Nasdaq: CERT; TSE: CIC), a
leading provider of mobile e-business security, today announced the signing of
a software licensing agreement with NCR Corporation (NYSE: NCR), to provide
advanced security for an electronic payment processing solution called
ImageMark(R) ECPIX (Electronic Check Presentment with Image Exchange). NCR
will use Certicom's industry-leading Security Builder(R) in this customized
banking application to allow secure and authenticated exchange of information
between banks and clearinghouses.
"NCR's Payment Solutions business offers the most comprehensive family of
image-based solutions and services in the marketplace today and it is critical
for our solutions to offer efficient and secure methods for processing
transactions," said Dick Wheeler, marketing director, NCR Payment Solutions.
"We chose Certicom's solution for its superior authentication and encryption
technologies to provide state-of-the-art security capabilities to NCR
customers."
The ImageMark ECPIX system is designed to allow banks and clearinghouses
to conduct electronic inter-bank clearing and settlement. Whether they are
using traditional paper-based transactions (i.e. checks) or electronically-
originated payments (e.g. EFT), ImageMark ECPIX can capture, validate, and
distribute all necessary data between banks and clearinghouses. This sensitive
financial data can include account information, payment amounts, images of
checks (for authentication), and all transaction information. Based on
regulated privacy and formatting standards, ImageMark ECPIX represents the
ultimate financial exchange solution for both paper and electronic payment
processing environments.
Certicom's Security Builder, which features Elliptic Curve Cryptography
(ECC) technology, is a standards-based cryptography toolkit that provides
application developers with the sophisticated tools and flexibility needed to
integrate encryption, digital signatures and other security mechanisms into
their applications.
"Certicom is pleased to be working with NCR, a renowned leader in
providing image and payment solutions for financial institutions in today's
high tech world," said Prakash Panjwani, senior vice president of Business
Development for Certicom. "Certicom provides strong and efficient security to
protect and maintain valuable financial information as it is updated,
maintained, and exchanged during critical communications. We look forward to
providing NCR with additional advanced security solutions as it continues to
set new milestones in the years ahead."
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in providing Relationship
Technology(TM) solutions to customers worldwide in the retail, financial,
communications, manufacturing, travel and transportation, and insurance
markets. NCR's Relationship Technology solutions include privacy-enabled
Teradata(R) warehouses and customer relationship management (CRM)
applications, store automation and automated teller machines (ATMs). The
company's business solutions are built on the foundation of its long-
established industry knowledge and consulting expertise, value-adding
software, global customer support services, a complete line of consumable and
media products, and leading edge hardware technology. NCR employs 31,400 in
more than 100 countries, and is a component stock of the Standard & Poor's 500
Index. More information about NCR and its solutions may be found at
www.ncr.com.
About Certicom
Certicom is a leading provider of information security software and
services, specializing in solutions for mobile e-business. The company's
products and services are specifically designed to address the challenges
imposed by a wireless data environment. Certicom's solutions incorporate its
efficient encryption technology and are based on industry standards for
information security that utilize public-key cryptography. Certicom's products
are currently licensed to more than 300 customers including Cisco Systems,
Inc., Handspring Inc., Motorola, Inc., Nortel Networks, Openwave Systems,
Inc., Palm, Inc., QUALCOMM, Inc., Research In Motion Ltd., Sony International
(Europe) GmbH, and Verizon Communications Inc. Certicom's headquarters and
worldwide sales and marketing operations are based in the Silicon Valley in
Hayward. For more information, visit Certicom's Web site at
certicom.com.
Certicom and Security Builder are trademarks and/or registered trademarks
of Certicom Corp. NCR, Teradata and ImageMark are trademarks or registered
trademarks of NCR Corporation in the United States and other countries. All
other companies and products listed herein are trademarks or registered
trademarks of their respective holders.
Except for historical information contained herein, this press release
contains forward-looking statements that involve risks and uncertainties.
Actual results may differ materially. Factors that might cause a difference
include, but are not limited to, those relating to the acceptance of mobile
and wireless devices and the continued growth of e-commerce and m-commerce,
the increase of the demand for mutual authentication in m-commerce
transactions, the acceptance of Elliptic Curve Cryptography (ECC) technology
as an industry standard, the market acceptance of our principal products and
sales of our customer's products, the impact of competitive products and
technologies, the possibility of our products infringing patents and other
intellectual property of fourth parties, and costs of product development.
Certicom will not update these forward-looking statements to reflect events or
circumstances after the date hereof. More detailed information about potential
factors that could affect Certicom's financial results is included in the
documents Certicom files from time to time with the Securities and Exchange
Commission and Canadian securities regulatory authorities.
%SEDAR: 00003865E
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For further information: Lorraine Kauffman, Certicom Corporation,
(510) 780-5417, lkauffman@certicom.com; Carol Paterson, Lois Paul &
Partners (for Certicom), (415) 262-1908, carol_paterson@lpp.com; Lorraine
Russell, NCR Corporation, (937) 445-3784, lorraine.russell@ncr.com |
