WELLESLEY, Mass.--(BUSINESS WIRE)--Oct. 20, 2003-- GeoTrust, Inc., a leader in identity and security solutions for e-business and the world's second largest certificate authority, today announced True Credentials(TM). GeoTrust's fully managed enterprise security solution, backed by GeoTrust digital certificate technology, gives companies a convenient, cost effective way to conduct secure e-business. Client certificates enable secure paperless transactions, messaging and network access, with minimum technology investment required and at half the cost of market alternatives. GeoTrust manages the technology and digital certificate delivery underlying the services, which dramatically reduces customers' infrastructure costs. GeoTrust also announced today that Currenex, Inc., the leading online global currency trading platform, has licensed True Credentials for secure currency exchange (see related release).
True Credentials is a fully managed solution that verifies the identities of e-business participants and safeguards electronic communications between employees, vendors, trading partners, customers and remote users. At the heart of the solution is GeoTrust's proven authentication, e-signature and digital certificate technology. It provides the same high level of security and confidence demanded in the off-line business world--and at a fraction of the cost of alternative client certificate-based enterprise security solutions. True Credentials reduces operational and infrastructure costs by eliminating the need for internal expertise and additional hardware and software purchases. It also allows businesses to extend the use of existing applications to external parties one application at a time, and offers a flexible enrollment process that supports the range of identities involved in e-business transactions.
"True Credentials enables Currenex to offer our customers an easy-to-use and completely secure method to conduct online currency exchange," said Bruce Carmedelle, executive vice president and chief financial officer of Currenex. "True Credentials eliminates the headaches and costs associated with technology implementation and management, yet provides the highest levels of security and confidentiality required in financial transactions."
"With GeoTrust True Credentials, companies can quickly, easily and cost effectively take advantage of powerful security technology to fully safeguard e-business transactions--without the high costs typical of other certificate management solutions," said John Adams, CTO of GeoTrust. "True Credentials is scalable, so a company need only use as much functionality as it is ready for. It requires the least dollar investment in new technologies compared to similar solutions on the market today, delivers proven ROI and makes it quicker, more efficient and cost effective for companies to interact with their constituents."
Secure, Efficient and Cost-Effective Enterprise Security
True Credentials certificates enable three mission-critical applications:
-- Secure Access to enterprise networks and applications, thus helping organizations extend their business applications with suppliers, trading partners and other remote users in both intranet and extranet environments.
-- Secure Messaging to secure highly confidential information that is passed through email.
-- Paperless Transactions to offer new business efficiencies, cost savings and revenue growth through minimized use of paper-based documents, real-time customer service initiatives and increased transaction completion rate. Digital signatures allow for applications to be completed, accepted and signed online.
True Credentials offers the following benefits:
-- Fast and easy client certificate deployment.
-- Greater scalability and cost-effectiveness than similar in-house products.
-- Lowest total cost of ownership on the market.
-- Proven return on investment.
-- Next-generation technology, including patent-pending automation technology, open heterogeneous digital certificate support and industry-recognized secure certificate authority facilities.
-- Centralized administration, seamless communication with internal databases, built-in process integration.
About GeoTrust, Inc.
GeoTrust, Inc., an emerging leader in Identity and Trust Services, helps organizations of all sizes secure e-commerce transactions, trusted identities and fully managed trusted environments for conducting e-business. GeoTrust's Web Security Services offer hosting providers and businesses with world-class digital certificates for fast transaction security and patent-pending smart-seals to ensure a trusted identity on the Web. GeoTrust also offers managed security services for large enterprises. With more than 60,000 companies in over 140 countries using its technology for transaction security, GeoTrust is the second largest digital certificate provider in the world. GeoTrust can be reached at www.geotrust.com or 800-944-0492.
