Just like clock work:
TOKYO and MOUNTAIN VIEW, Calif., May 12 /PRNewswire/ -- VeriSign Japan
K.K. (www.verisign.co.jp), a subsidiary of VeriSign, Inc. (Nasdaq: VRSN) --
the world's leading provider of digital certificate solutions -- today
announced that it is providing VeriSign E-Commerce Solutions(SM), and Global
Server IDs(SM) to the Sumitomo Bank to enhance the security of Sumitomo's
Internet Banking services. The Sumitomo Bank will issue its own branded
certificates to customers world wide in June, 1998. With this, customers will
be able to access their bank accounts over the Internet, transfer funds, and
take other measures to manage their money with the confidence that their
financial transactions are secure.
"Sumitomo Bank, having started its Internet Banking services in January
1997, has recognized that Internet security is a basic need for superior
customer service. We have been doing our best to offer the highest security
possible," said Yoshiaki Izumida, general manager, electronic commerce banking
department of the Sumitomo Bank. "We chose VeriSign because they offer one of
the highest levels of digital certificate solutions today. With their
certificate solution, we can offer a much more advanced Internet service to
meet our customers' needs."
VeriSign Japan will offer its E-Commerce Solutions to Sumitomo Bank to
help them realize the benefits of worldwide customer service over the
Internet. VeriSign's E Commerce Solutions -- powered by VeriSign OnSite(SM)
-- is the industry's only distributed PKI architecture which provides
enterprises with a suite of software and services designed to secure all of
their e-commerce applications, including intranets, extranets and Internet
commerce. These solutions eliminate the need for corporations to invest
heavily in expensive software, hardware, personnel and operating facilities,
while providing the power and scalability to issue and manage digital
certificates in the millions. VeriSign E-Commerce Solutions allow
organizations to get up and running more quickly and at a far lower cost than
if they were to purchase or build a do-it-yourself solution.
VeriSign Japan is also providing its Global Server IDs(SM) for 128-bit
secure communications. VeriSign was the first Certificate Authority to provide
128-bit Digital IDs which comply with the Federal export regulations. The
Sumitomo Bank is the first Japanese bank to enable 128-bit encrypted
communications in a large-scale online banking offering.
"Sumitomo Bank leads the Japanese financial services industry by promising
secure online communications and transactions for their customers," said Koji
Kodama, president of VeriSign Japan K.K. "Using digital certificate solutions,
online banking customers will be able to trust in their online banking
services."
The Sumitomo Bank obtained its Secure Server ID from VeriSign Japan's
Digital ID Center in January 1997 and Sumitomo has been continuing to develop
its security solutions. By installing VeriSign OnSite, the Sumitomo Bank
issues the certificates to customers via Web browsers to mutually authenticate
transactions. The Web server reads the customers' digital certificate through
the browser and offers access control depending on the type of transaction.
Moreover, the communication between the Sumitomo Bank server and the
customer's browser is encrypted with a VeriSign Server ID, which offers a high
level of security for online financial transactions.
"We're very pleased that Sumitomo Bank, one of the largest banks in the
world, selected VeriSign's state-of-art E-Commerce Solutions to help them get
started in implementing their online banking solution," said Stratton Sclavos,
president and CEO of VeriSign, Inc. "US-based banks including Bank of America,
Federal Reserve Bank of NY and NationsBank are providing valuable services to
their customers using VeriSign Digital IDs. Due to Japanese acceptance of
value-add services and the use of technology, we are confident that many
world-class global financial institutions will implement digital certificates
for higher security."
About Sumitomo Bank
Sumitomo Bank is one of the world's leading banks and is engaged in mainly
retail and commercial banking at 893 domestic branches and 62 overseas
offices. The total assets of the Sumitomo Bank were more than 57 trillion YEN
as of March 1997. For further information, visit the web site of the Sumitomo
Bank at sumitomobank.co.jp.
About VeriSign, Inc.
VeriSign, Inc. is the leading provider of digital certificate solutions
used by consumers, Web sites and enterprises to conduct secure communications
and transactions over private IP networks and the Internet. VeriSign's Digital
IDs and Secure Server IDs are available through the company's Web site at
www.verisign.com. VeriSign's E-Commerce Solutions are used by enterprises to
deploy complete Public Key Infrastructure (PKI) solutions for intranets,
extranets, and large-scale electronic commerce applications, and are available
through VeriSign regional account representatives or through VeriSign
resellers. For more information visit VeriSign's Web site at
verisign.com.
VeriSign Japan K.K.
As a subsidiary company of VeriSign, Inc., Verisign Japan has mirrored
VeriSign offerings for more than 2 years. VeriSign Japan, located in the Tokyo
area, also recognized as a key solution-provider to solve Internet-based
business objectives in conjunction with powerful local strategic partners. For
more information, visit VeriSign Japan's web-site at
verisign.co.jp.
NOTE: All rights reserved. VeriSign is a registered trademark exclusively
licensed to VeriSign, Inc. Global Server ID's and E-Commerce Solutions
are service marks of VeriSign, Inc. All other trademarks are properties
of their respective owners. |
