 |
SANTA CLARA, CALIF., APRIL 16, 2003
Arcot and Identrus Offer Software Smart Card Solution
Companies sign joint sales and marketing agreement to offer the Arcot ID‹ to Identrus Banks
SANTA CLARA, Calif., April 16, 2003 - Arcot Systems, Inc., a leading provider of solutions for securing electronic identities, and Identrus™, LLC, today announced a joint sales and marketing agreement to promote the ArcotID™ software smart card to Identrus member financial institutions. The ArcotID software smart card is the first and only IdentrusTM Compliant software-based private key protection method. Working together, Arcot and Identrus will now provide a simple and cost effective alternative to hardware-based authentication.
The ArcotID software smart card has been certified as Identrus Compliant based on its universal signing capability for industry standard smart cards and digital certificates. To obtain Identrus certification, Arcot passed the Identrus security requirements review for secure signing. This solution provides Identrus customers with the opportunity to deploy flexible software-based certificates in addition to hardware-based smart cards.
"Our member banks have been interested in the Arcot ID since the day it was approved for the Identrus framework," said Clay Epstein, senior vice president, Product and Technology, Identrus. "Working with Arcot in a sales and marketing relationship will allow us to meet our member's demands for total solutions and provide them with the security and flexibility of a software-based authentication solution."
"Identrus has established the standard for digital identity authentication," said Stephen Ryan, Vice President, Corporate Development and Alliances, Arcot Systems. "Signing this agreement furthers our relationship with Identrus and solidifies Arcot's position as the pre-eminent provider of digital identity solutions for financial institutions."
The Arcot approach relies on the ArcotID software smart card to strongly authenticate users and digitally sign transactions, performing all the functions of a traditional, physical smart card but in a software format. Using Arcot's patented camouflage approach to securing a private key, the Arcot ID securely protects a user's credential in a tamper-resistant software container, while providing the end user the maximum flexibility and convenience by virtue of its portability and roaming capability.
Arcot's solution offers a universal signing interface that provides strong authentication and digital signing for users whether they choose to use an industry standard hardware-based smart card and digital certificate or the ArcotID software smart card. This flexibility and interoperability is a great benefit to banks that need to support and add multiple authentication approaches across user groups and still administer and control them from a single platform
The ArcotID™
The ArcotID stores an individual's digital credentials in a tamper resistant software container that can only be activated using a PIN number known only to the user (much like an ATM card). The software container is protected by Arcot's patented Cryptographic Camouflage technology, and is highly secure against any direct or offline hacker attack. The ArcotID has a very small "footprint" and can be easily downloaded to any device the user chooses from their device of choice, and the user can keep multiple ArcotIDs on multiple devices without fear of compromise. In this way, the user can enter into a secure business transaction from anywhere, anytime.
About Arcot
Arcot Systems, Inc. is the leading provider of secure e-payment and identity solutions for financial services, healthcare and security-conscious enterprise environments. Only Arcot provides cost-effective, scalable software solutions based on the ArcotID‹ Software Smart Card for strong authentication of users and transactions. Arcot solutions meet the business need for strong transactional security while providing the customer a user-friendly experience with anytime, anywhere convenience. Over 14,000 customers use Arcot solutions to protect their customers' privacy and dramatically reduce fraud. For more information, please visit www.arcot.com.
Arcot Systems
Matt McOwen
(408) 969-6143
matt@arcot.com
About Identrus
Identrus™ LLC has established a regulated policy framework that provides the global standard for digital identity authentication. The Identrus platform provides the legal and technical infrastructure for financial institutions (FIs) and their customers to effectively manage the risks associated with identity authentication in digital transactions. Identrus identity credentials are scalable and interoperable supporting enterprise-level applications as well as domestic and international transactions. With Identrus, FIs can effectively manage key elements of Operational Risk associated with migrating business processes online. Identrus also has developed Eleanor™ the global e-payments initiation specification that enables FIs to build upon their existing payments systems, and Identrus trust services, to offer enhanced e-payments initiation services to their customers. Identrus membership consists of more than 60 of the world's leading financial institutions spanning 160 countries. Additional information about the company is available at www.identrust.com.
|
Tricia Yamagata
+1 415.486.2900
|
|
|
|
RELATED CONTENT
PRESS RELEASES
IDENTRUST IN THE NEWS
|
|
