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SAN FRANCISCO, CA, JUNE 6, 2004
Identrus Announces Strategic Relationship with Adobe to Make Digital Signing Simple
Wells Fargo Bank First to Pilot New Offering to Ensure Secure and Trusted
Documents and Transactions
Identrus™, a global provider of trusted identity, today announced a strategic relationship with Adobe Systems Incorporated. Together the two companies now offer a digital signature solution that creates legally binding electronic documents, combining Identrus signatures into Adobe® PDF documents. Identrus SimpleSign(SM) service is the first of its kind PDF offering that gives all Identrus certificate holders the ability to digitally sign PDF documents using their Identrus certificate, SimpleSign software, and the free Adobe Reader®. Following a successful pilot test program, Wells Fargo Bank plans to deploy and support SimpleSign across its multinational line of businesses.
Developed by Identrus and Adobe, SimpleSign enables the advanced digital signing features in Adobe Acrobat® to use Identrus certificates to verify the origin and integrity of documents, therefore providing easy-to-use document signing via a simple point and click. Identrus SimpleSign eliminates document spoofing, controls and tracks document changes, and performs encryption and decryption functions using Identrus utility certificates.
"Our pilot experience with Identrus and Adobe clearly demonstrated that the integrated SimpleSign service is highly valued for making online, binding business processes quick and easy", said Jane Hennessy, senior vice president, Product Management and Marketing, International Group, Wells Fargo. "We are now planning to bring SimpleSign to our international businesses and on to other Wells Fargo business units."
"People and companies want to streamline processes, particularly those that require signatures. SimpleSign offers a binding, electronic way to do just that, combined with the trusted Adobe brand and the integrity of financial services companies like Wells Fargo," said Karen Wendel, CEO, Identrus.
"Identrus SimpleSign is an ideal complement to Adobe•s Intelligent Document Platform by offering an easy-to-use solution leveraging true digital identity provided only by Identrus banks," said Ivan Koon, senior vice president, Intelligent Documents Business Unit, Adobe. "The solution from Adobe and Identrus gives customers peace of mind that their documents have not been altered and are indeed from whom they claim to be. The success of the Wells Fargo Bank pilot project is further proof that secure, trusted PDF services like SimpleSign will become ubiquitous across the world of commerce."
"Supported by the popular Adobe Acrobat and a international network of financial institutions, SimpleSign is a major step forward in facilitating the financial industry's ability to be a global trusted provider of identity," said Don Ogilvie, President, American Bankers Association.
About Identrus
Identrus™ is a global solutions company that secures interactions where identity is critical. As the only government regulated, bank-built identity company, Identrus provides a worldwide network for trusted identity credentials based on global standards. Identrus• proven solutions provide a legally and technologically interoperable environment for using identities. The Identrus platform provides the legal and technical infrastructure for financial institutions, governments and commercial entities to effectively manage the risks associated with identity authentication and enables these organizations to develop business applications and value-added services for their customers. Identrus partners with systems integrators, software developers, smart card and token providers, as well as experts on identity management, security and fraud to help organizations achieve greater application security and meet their e-business objectives. Identrus membership consists of more than 55 of the world's leading financial institutions spanning 160 countries. Additional information about the company is available at www.identrust.com.
About Wells Fargo & Company
Wells Fargo & Company is a diversified financial services company with $397 billion in assets, providing banking, insurance, investments, mortgage and consumer finance from more than 5,900 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only “Aaa¸- rated bank in the United States.
Visit Wells Fargo at www.wellsfargo.com
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Schwartz Communications, Inc.
Rebecca Krueger
+1 415-512-0770
Identrust@schwartz-pr.com
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