--- begin forwarded text From: [EMAIL PROTECTED] To: [EMAIL PROTECTED] Date: Tue, 7 Dec 1999 19:05:34 -0800 Subject: X9.59/AADS announcement at BAI Sender: [EMAIL PROTECTED] Source-Info: From (or Sender) name not authenticated. managed to get announcement at BAI this week (www.bai.org). Have demos for X9.59 transactions (retail payments, credit, debit, check, etc). First draft talked about both point-of-sale and internet ... but things got simplified when the final press release went out. demos at BAI include both financial transactions as well as privacy broker transacrtions (provide adult/minor status and address for shipping companies ... w/o having to divulge name, address and/or other personal details at web sites). A similar AADS announcement was made by nacha about a month ago: http://internetcouncil.nacha.org/ Work also been done on integrating AADS support into RADIUS (what the majority of the internet service providers and corporate intratnets use for authenticating access). This provides for the same AADS infrastructure to support financial transactions, privacy broker transactions as well as internet/intranet access and web server access. other details on AADS and X9.59 can be found at http://www.garlic.com/~lynn/ Media Contacts: First Data Corp.: Caroline Hoke, (770) 857-7178, [EMAIL PROTECTED] CyberSafe: Steve Birge, (425) 837-1057, [EMAIL PROTECTED] TSA: Joel Molyneaux, (402) 778-1590, [EMAIL PROTECTED] Interworld: Chris Faust, [EMAIL PROTECTED] Six Companies Announce Plans to Support Proposed Digital Payments Industry Standard First Data Corp., Compaq, TSA, Certicom, InterWorld and CyberSafe cooperating to develop AADS digital payments infrastructure MIAMI - Dec. 7, 1999 - A group of leading technology companies today announced its support and plans to develop the Account Authority Digital Signature (AADS) and proposed ASC X9 digital payments standard. First Data Corp., Compaq Computer Corp., Transaction Systems Architects (TSA) Corp., Certicom, InterWorld and CyberSafe together made the announcement at the Bank Administration Institute (BAI) Retail Delivery 1999 Conference here. These companies are developing solutions for a secure digital payments infrastructure based on AADS, to be used on either the Internet or at point-of-sale terminals. A demonstration - including a reference implementation and Internet-based merchant web site - is available at the conference. (To make an appointment to see the demo, visit booth #1242.) An implementation of this secure digital payments solution uses a smart card and personal identification number (PIN), that, when combined, provide a secure "digital signature" for purchases transacted either on the Internet or at a point-of-sale terminal. The PIN activates the signing key in the smart card to give each transaction a unique digital signature. Once initiated, the secure transaction is authenticated as being uniquely associated with the buyer, and is securely transferred through the authentication process. This digital signature system provides the purchaser with a greater degree of security and privacy than traditional systems while simultaneously providing the merchant with greatly reduced charge-back and transaction repudiation. With AADS, the card issuer, which has the existing consumer relationship, handles both the authentication and the transaction authorization. By eliminating the need for third-party authorization, the theft of credit card content and information - including numbers on the Internet - is reduced. The AADS solution applies equally to credit card or debit card processing. "First Data is supporting this and other security and authentication solutions and protocols desired by consumers, merchants and bank card issuers. We are committed to ensuring that electronic transactions - whether over the Internet or at the point of sale - are as safe and secure as possible," said Lee Adrean, executive vice president of First Data Corp. and responsible for the company's Internet Commerce initiatives. "CyberSafe and First Data have been working together to meet an important market requirement for digital payments - security infrastructures that provide a worry-free environment for consumers and merchants in conjunction when using real or virtual smart cards" said Jim Cannavino, chairman and CEO of CyberSafe Corp. "CyberSafe believes that AADS is the basis for financial settlement, security, and on-line shopping experiences that directly address consumer security and privacy concerns as well as eliminate merchant concerns related to charge-backs and repudiation of charges. Each of the companies supporting the statement of direction will contribute a unique and important part of the infrastructure: � First Data Corp. intends to support its customers by providing AADS-enabled transaction processing services and smart cards. � TSA intends to support AADS in software and services based on its BASE24�, i24TM and e24TM product lines, with particular focus on implementation of a "PIN Debit on the Internet" capability. � Certicom intends to provide the elliptical curve encryption technology for smart card and authentication engines. � Compaq currently ships certain components of the Compaq desktop, server, and laptop product lines enabled for reading/signing AADS smart cards. Compaq also provides the Compaq NonStop? Himalaya S-series product line that supports TSA BASE24� software product offerings. � InterWorld intends to offer digital signature support as part of its web site development offerings. � CyberSafe will enable security for AADS, by providing e-commerce application developers a software development kit (SDK) and other security infrastructure products and services to enable rapid deployment of an AADS infrastructure. About First Data Atlanta-based First Data Corp. (NYSE: FDC) helps move the world's money. As the leader in electronic commerce and payment services, First Data serves more than two million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services. For more information, please visit the company's web site at http://www.firstdatacorp.com. About InterWorld InterWorld Corporation is leading the Enterprise Commerce movement that enables businesses to compete and evolve in today's new digital economy. With InterWorld's Commerce Exchange solution, manufacturers, distributors and retailers can get to market quickly, scale to meet growing demands, as well as, evolve to keep pace with changing market conditions and customer demands. For more information, visit http://www.interworld.com. About TSA Transaction Systems Architects' (NASDAQ:TSAI) software facilitates electronic payments by providing consumers and companies access to their money. Its products are used to process transactions involving credit cards, debit cards, smart cards, home banking services, checks, wire transfers as well as automated clearing and settlement. TSA solutions are used on more than 3,200 product systems in 75 countries on six continents. For more information, visit http://www.tsainc.com/ About Certicom Certicom is a leading provider of next-generation encryption technology used to build strong, fast, and efficient security solutions. Major computing and communications companies, such as 3Com/Palm Computing, BellSouth Wireless Data, Hewlett-Packard, Motorola, Pitney Bowes and VeriFone, incorporate Certicom technology into electronic commerce software, wireless messaging applications, and smart cards. For more information, visit http://www.certicom.com. About Compaq Compaq Computer Corporation is the second-largest computer company in the world and the largest global supplier of computer systems. Compaq develops and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, enterprise and network storage solutions, commercial desktop and portable products, and consumer PCs. Customer support and information are available at http://www.compaq.com. About CyberSafe CyberSafe is a privately held corporation founded in 1991. Its award-winning TrustBroker? Security Suite, Defensor�, and Centrax? product lines are designed to enable secure electronic business, while reducing administration costs. CyberSafe is headquartered in Issaquah, Wash., and on the World Wide Web at http://www.cybersafe.com. For additional information, please send requests to [EMAIL PROTECTED] # # # CyberSafe, Defensor and the CyberSafe logo are registered trademarks of CyberSafe Corporation and its wholly owned subsidiaries. TrustBroker and Centrax are trademarks of CyberSafe Corporation and its wholly owned subsidiaries. All other products and trademarks are the property of their respective owners. --- end forwarded text ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
