Certicom’s ECC-Enabled Secure Sockets Layer Technology Provides Secure Environment for Payment Processing, E-Commerce Applications and Remote Connectivity
MISSISSAUGA, Ontario – (June 3, 2008) Certicom Corp. (TSX: CIC) today announced that ClearCommerce Corporation, a Fidelity National Information Services company, has selected Certicom’s Elliptic Curve Cryptography (ECC)-enabled Security Builder® Secure Sockets Layer™ (SSL) solution to support secure payment processing for its Card-not-Present (CNP) solution suite servicing retailers and financial services companies as well as other large enterprises that handle debit, credit, prepaid, e-check and ACH transactions.
“By leveraging the ECC and SSL expertise at Certicom, we can implement security technology that meets the PCI DSS (Data Security Standards), enabling our customers to provide secure payment processing to their consumers,” said Phil Levy, senior vice president, ClearCommerce. “Certicom’s Security Builder SSL technology allows us to quickly and cost-effectively embed security into our e-commerce applications which are designed to deliver superior security, performance and reliability.”
“Financial companies and other large enterprises around the world know they need strong security and are willing to leave the implementation details up to the security experts like Certicom,” said Karna Gupta, chief executive officer, Certicom. “We help large companies like ClearCommerce, as well as government agencies, build the latest security requirements into their products so they can focus on their business.”
Security Builder SSL offers a single application program interface (API) for 30 platforms and is optimized for a variety of environments including mobile devices and applications. It is also part of the Certicom Security Architecture, a comprehensive, cross-platform solution designed to allow developers to quickly and cost-effectively embed security into applications and across multiple families and generations of devices. Security Builder SSL is optimized to provide secure communications between popular browsers on handhelds and mission-critical applications such as e-mail, e-commerce, instant messaging and virtual private network (VPN) connectivity.
About Fidelity National Information Services
Fidelity National Information Services, Inc., a Fortune 500 company, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500® Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 9,000 financial institutions in more than 80 countries worldwide. For more information on Fidelity National Information Services, please visitwww.fidelityinfoservices.com.
Certicom manages and protects the value of content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the global leader in ECC, Certicom’s security offerings are currently licensed to hundreds of multinational technology companies, including IBM, General Dynamics, Motorola, Oracle and Research In Motion. Founded in 1985, Certicom’s corporate offices are in Mississauga, Ontario, Canada with worldwide sales and marketing headquarters in Reston, Virginia and offices in Europe and Asia. Visit www.certicom.com
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Forward-looking information includes information concerning the Company's future financial performance, business strategy, plans, goals and objectives. When used in such documents, the words "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "will", "believes" or variations of such words and phrases often, but not always, identify forward looking statements. Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits; the ability of the Company to develop, promote and protect its proprietary technology security breaches or defects in the Company's products; competitive conditions in the businesses in which the Company participates; changes in consumer spending; the outcome of legal proceedings as they arise; general economic conditions and normal business uncertainty; consolidation in the Company's industry and by its customers; customer preferences towards product offerings; the risk that customers may cancel their contracts with the Company; reliance on a limited number of customers; demand for ECC-based technology; performance of the Company's management team and the Company's ability to attract and retain skilled employees; operating the Company's business profitably; fluctuations in revenue and foreign currency exchange rates; interest rate fluctuations and other changes in borrowing costs; the ability to develop and maintain strategic relationships; and other factors identified under the heading "Risk Factors" in the Company's annual information form dated July 26, 2007 and filed on SEDAR at www.sedar.com.
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Merritt Group, Inc. (for Certicom)