CyberTrust, the leading enabler of secure extranets and e-commerce and Sonera SmartTrust, the leading provider of secure wireless e-commerce solutions, today announced the CyberTrust Mobile E-Commerce Solution. First implemented for Sonera SmartTrust, the solution enables wireless carriers to provide customers with applications for mobile e-commerce transactions via secure extranets--protected online environments where parties can conduct business. This unique solution enables businesses to quickly and cost-effectively create secure, customized access to corporate resources and data.
"The CyberTrust Mobile E-Commerce Solution is a key enabler of our service," said Harri Vatanen, president of Sonera SmartTrust. "Providing our customers with the highest level of transaction security and authentication assured by CyberTrust digital certificates, Sonera goes beyond simply presenting information over mobile networks--we give our customers the ability to conduct secure high-value transactions by simply using their mobile phone conveniently when and where they want."
In co-operation with Sonera SmartTrust, the Finnish Leonia Bank will allow customers to securely conduct bank transactions over its mobile network with the help of CyberTrust's digital certificate technology.
"Leonia's new service system embraces security and ease-of-use. Banking services--independent from time or place--are already easier to access in Finland due to the fast development of mobile phone infrastructure. Mobile phones with Internet connections will become personal, pocket-sized service centers, offering an easy and secure way to use banking and other network services," says Mr. Matti Inha, Executive Vice President at Leonia Bank.
The CyberTrust Mobile E-Commerce Solution manages digital certificates and deploys them to the subscriber identification module (SIM) which work in conjunction with digital mobile phones. Because the phone's SIM card uses public-key cryptography techniques, in which a CyberTrust digital certificate securely identifies each user, the transaction is legally binding in a number of jurisdictions, while also creating an electronic audit trail, which provides the added assurance that the transaction cannot be repudiated. This enables digital mobile phone users to use digital signatures to conduct a wide variety of high-value transactions--such as bill presentment, stock trading and banking--over a wireless network, while enjoying the same level of data integrity and in many jurisdictions, the non-repudiation assurance provided by signed paper transactions. "Until now, wireless technology has focused on presenting information--not securing it," said Peter J. Hussey, president of CyberTrust. "By applying CyberTrust's expertise in designing secure extranets to mobile telecommunications technology such as that developed by Sonera SmartTrust, we have raised the convenience and accessibility of business-to-business transactions to a whole new level."
CyberTrust's secure wireless extranet solution is a natural expansion of the company's traditional secure extranet methodology. CyberTrust Secure Extranets extend well beyond the minimal security provided by passwords and personal identification numbers (PINs), enabling customers to transact business in the online, electronic world with security assurances equivalent to those in the offline, paper world. By extending the secure extranet to the wireless world, mobile service providers can now offer their customers--and application providers such as banks, stock brokerages and insurance providers--secure access to information through the convenience of a wireless network.
"Secure Internet communications, facilitated by public key infrastructure (PKI), will awaken the sleeping beast of mobile e-commerce," said Matthew Kovar, senior analyst, the Yankee Group, a Boston-based technology research and consulting firm. "Digital certificate technology has existed for over five years, and only now are we seeing the pertinent commercial applications that can take full advantage of certificates for privacy, authentication and non-repudiation such as those supported by CyberTrust and Sonera."
The CyberTrust Mobile E-Commerce Solution and Sonera SmartTrust Platform are designed for wireless phones operating on the Global System for Mobile Communications (GSM) standard--currently the only standard to support secure mobile e-commerce. CyberTrust and Sonera are committed to developing secure Public Key Infrastructure (PKI) based products and services that meet today's standards such as GSM and CDMA and future global wireless standards.
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