Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 724 Solutions (NASD: SVNX, TSE:SVN) -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (298)	9/11/2000 7:09:48 AM
From: Al Collard	Read Replies (1) \| Respond to of 337

Another news release. They must be getting ready to ramp SVN up. 724 Solutions introduces LiveClips Mr. Ray McManus reports 724 Solutions is introducing LiveClips -- its enhanced aggregation product -- today at Thomson Financial Media's account aggregation conference in Washington, D.C. LiveClips builds on the technology acquired through the purchase of ezlogin.com. The product encompasses 724 Solutions' strength and expertise in developing products with financial institution-grade security, resulting in a comprehensive aggregation tool designed to enable financial institutions and financial portals to offer enormous value to their consumers by giving them wired or wireless access to a full suite of on-line accounts and content in one secure, easy-to-access location. LiveClips's personal summary tool gives end-users a consolidated view of the top-level information concerning their on-line accounts -- including their financial, E-mail and special interest accounts requiring a user ID and password sign-on -- in one location reached with a single sign-on. The LiveClipper tool allows end-users to visit any Web site and essentially "cut-and-paste" specific content of interest onto their LiveClips location. "The Internet -- and now the wireless Internet -- have shifted the power to consumers. 724 Solutions understands the need for financial services providers to retain customers in today's world of instant-access information," said Greg Wolfond, chief executive officer, 724 Solutions Inc. According to Mr. Wolfond, having access to one's financial life in a single secure, easy-to-access location presents a huge value proposition for today's busy consumer. "LiveClips is designed to allow financial services providers to give consumers a full picture of their financial lives while remaining at the hub of their customers' financial activity." LiveClips has been enhanced from a security, functionality and technology standpoint. These enhancements include: Securing its servers containing sensitive personal account and consumer data in Exodus Communications vaults within an Exodus data centre. The Exodus vault is secured by biometric key-lock doors, alarm systems, video surveillance, locked-down floor tiles and dedicated shielded connections to the Exodus network. A hardware-based security infrastructure built on nCipher's nForce hardware security module (HSM) to protect consumers' sensitive data. By using nForce's hardware encryption to protect LiveClips's database of consumers' user IDs, 724 Solutions is ensuring that the information contained within the database cannot be internally accessed by any one person. The right to access the encrypted information requires at least five people, each holding a different component needed to "unlock" the database. Managerial security is achieved through strict internal policies restricting access to data, and through the development of a series of recommended best practices for customers choosing to host the data servers themselves. End-to-end security of the network is done through the use of secure socket layer (SSL) encryption and multiple firewalls. A strengthening of LiveClips's Extensible Mark-up Language (XML) to make it easier for the financial services provider to customize the LiveClips user interface to fit the look and feel of the rest of its HTML offering. The adding of balance sheet functionality. LiveClips enables financial institutions to offer their customers a customizable, user-defined consolidated view of their assets and liabilities presented in a balance sheet like format. "In today's Internet economy, it is vital that businesses implement the necessary means to support their customer needs and secure sensitive information," said Richard Kosinski, president of nCipher, Inc. "724 Solutions recognizes the importance of deploying hardware encryption to protect its customer's personal portals. By implementing nCipher's technology, LiveClips will deliver high standards of privacy and security, helping to create customer confidence and ultimately build loyalty." WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com