Certicom Securing a Customized Banking Application that Connects Banks and Clearinghouses
HAYWARD, Calif., March 6, 2002 - Certicom, (Nasdaq: CERT; TSE: CIC), a leading provider of mobile e-business security, today announced the signing of a software licensing agreement with NCR Corporation (NYSE: NCR), to provide advanced security for an electronic payment processing solution called ImageMark® ECPIX (Electronic Check Presentment with Image Exchange). NCR will use Certicom's industry-leading Security Builder® in this customized banking application to allow secure and authenticated exchange of information between banks and clearinghouses.
"NCR's Payment Solutions business offers the most comprehensive family of image-based solutions and services in the marketplace today and it is critical for our solutions to offer efficient and secure methods for processing transactions," said Dick Wheeler, marketing director, NCR Payment Solutions. "We chose Certicom's solution for its superior authentication and encryption technologies to provide state-of-the-art security capabilities to NCR customers."
The ImageMark ECPIX system is designed to allow banks and clearinghouses to conduct electronic inter-bank clearing and settlement. Whether they are using traditional paper-based transactions (i.e. checks) or electronically-originated payments (e.g. EFT), ImageMark ECPIX can capture, validate, and distribute all necessary data between banks and clearinghouses. This sensitive financial data can include account information, payment amounts, images of checks (for authentication), and all transaction information. Based on regulated privacy and formatting standards, ImageMark ECPIX represents the ultimate financial exchange solution for both paper and electronic payment processing environments.
Certicom's Security Builder, which features Elliptic Curve Cryptography (ECC) technology, is a standards-based cryptography toolkit that provides application developers with the sophisticated tools and flexibility needed to integrate encryption, digital signatures and other security mechanisms into their applications.
"Certicom is pleased to be working with NCR, a renowned leader in providing image and payment solutions for financial institutions in today's high tech world," said Prakash Panjwani, senior vice president of Business Development for Certicom. "Certicom provides strong and efficient security to protect and maintain valuable financial information as it is updated, maintained, and exchanged during critical communications. We look forward to providing NCR with additional advanced security solutions as it continues to set new milestones in the years ahead."
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in providing Relationship Technology™ solutions to customers worldwide in the retail, financial, communications, manufacturing, travel and transportation, and insurance markets. NCR's Relationship Technology solutions include privacy-enabled Teradata® warehouses and customer relationship management (CRM) applications, store automation and automated teller machines (ATMs). The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and leading edge hardware technology. NCR employs 31,400 in more than 100 countries, and is a component stock of the Standard & Poor's 500 Index. More information about NCR and its solutions may be found at www.ncr.com.
Certicom is a leading provider of information security software and services, specializing in solutions for mobile e-business. The company's products and services are specifically designed to address the challenges imposed by a wireless data environment. Certicom's solutions incorporate its efficient encryption technology and are based on industry standards for information security that utilize public-key cryptography. Certicom's products are currently licensed to more than 300 customers including Cisco Systems, Inc., Handspring Inc., Motorola, Inc., Nortel Networks, Openwave Systems, Inc., Palm, Inc., QUALCOMM, Inc., Research In Motion Ltd., Sony International (Europe) GmbH, and Verizon Communications Inc. Certicom's headquarters and worldwide sales and marketing operations are based in the Silicon Valley in Hayward. For more information, visit Certicom's Web site at http://www.certicom.com.
Certicom and Security Builder are trademarks and/or registered trademarks of Certicom Corp. NCR, Teradata and ImageMark are trademarks or registered trademarks of NCR Corporation in the United States and other countries. All other companies and products listed herein are trademarks or registered trademarks of their respective holders.
Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, those relating to the acceptance of mobile and wireless devices and the continued growth of e-commerce and m-commerce, the increase of the demand for mutual authentication in m-commerce transactions, the acceptance of Elliptic Curve Cryptography (ECC) technology as an industry standard, the market acceptance of our principal products and sales of our customer's products, the impact of competitive products and technologies, the possibility of our products infringing patents and other intellectual property of fourth parties, and costs of product development. Certicom will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect Certicom's financial results is included in the documents Certicom files from time to time with the Securities and Exchange Commission and Canadian securities regulatory authorities.
For further information, please contact:
|Lorraine Kauffman||Carol Paterson|
|Corporate Communications||Lois Paul & Partners (for Certicom)|
|Certicom Corp.||(415) 262-1908|