SAN JOSE, Calif., Jan. 18 /PRNewswire/ -- At the RSA Conference 2000,
Motorola (NYSE: MOT) and VeriSign, Inc., (Nasdaq: VRSN) today announced they
have signed a Memorandum of Understanding that outlines a strategic
relationship with the intent to jointly develop and market solutions to enable
secure and trusted e-commerce transactions to users of Internet-enabled
wireless devices.
As an example, consumers will be able to purchase items using their
Internet-enabled wireless phone with the confidence that the merchant is who
they say they are and their purchase information is private and secure.
Merchants will likewise be confident that consumers' identities are valid.
VeriSign is the world's leading provider of Internet security services
(also known as trust services), which include authentication, validation, and
payment. Security has increased confidence in Internet commerce. By bringing
the same trusted transaction capabilities which exist in the wired world to
wireless users, confidence in e-commerce over Internet-enabled wireless
devices is expected to grow.
"The continued growth in wireless voice and data communications has opened
up a broad new frontier for mobile e-commerce applications and services," said
Janiece Webb, Senior Vice President and General Manager of the Personal
Networking Group for Motorola. "By using VeriSign's global trust
infrastructure we expect to deliver unparalleled solutions to new and existing
customers and consumers. We plan to enable people to perform critical secure
transactions where and when they want to do them. We will bring the Internet
to wireless and power to the person with complete `end-to-end' solutions
through the carrier or service provider."
"By building the foundations for secure, standards-based, wireless
e-commerce, we will enable a broad range of new services for consumers,
carriers, and service providers," said Richard Yanowitch, Executive Vice
President of Marketing for VeriSign. "By combining Motorola's leadership in
the wireless communication market with VeriSign's proven experience in
developing trust services for the Internet, we are accelerating the time when
wireless e-commerce is a common, everyday occurrence."
To enable secure and trusted wireless transactions, Motorola and VeriSign
intend to jointly fund development of a broad range of solutions for wireless
device manufacturers, carriers, consumers, and e-commerce service providers
(such as financial institutions, media companies, ASPs -- Application Service
Providers, and Business-to-Business and Business-to-Customer exchanges).
Motorola and VeriSign intend to develop solutions that:
1) Ensure that the subscribers are really who they claim to be
-- AUTHENTICATION
2) Verify that subscribers are authorized to conduct particular
transactions -- VALIDATION
3) Protect sensitive information from compromise as it passes between
devices, carriers, gateways, and service providers -- ENCRYPTION
4) Ensure that transactions can not later be contested -- NON-REPUDIATION
5) Facilitate settlement of transactions between buyers and sellers
-- PAYMENT
The solutions may include:
-- Server-side solutions -- supporting Wireless Application Protocol
(WAP)traffic secured using the Wireless Transport Layer Security (WTLS)
standard.
-- End-to-End Client Authentication Solutions -- enabling mobile users to
reliably identify themselves and to sign in a way that can be verified
throughout the entire communications channel.
-- Directory and Validation services -- enabling appropriate parties
throughout the communication channel to find appropriate users and
validate transactions and individuals.
The combined technologies of Motorola and VeriSign will be used to enable
a broad range of secure wireless solutions. For example, today a Motorola WAP
Server incorporating a Class 2 implementation of WTLS that utilizes
VeriSign-signed certificates allows Internet-enabled wireless devices to make
secure e-commerce transactions.
About VeriSign
VeriSign, Inc. is the leading provider of Internet trust services
-- including authentication, validation and payment -- needed by Web sites,
enterprises and e-commerce service providers to conduct trusted and secure
electronic commerce and communications over IP networks. VeriSign's trust
services for Web sites, developers and individuals are available through
http://www.verisign.com and through a growing number of ISPs and Web hosting
companies. The company's digital certificate services for enterprises and
electronic commerce service providers are available through regional account
representatives, resellers, and global affiliates.
About Motorola
Motorola is a global leader in providing integrated communications
solutions and embedded electronic solutions. These include:
software-enhanced wireless telephone, two-way radio, messaging and satellite
communications products and systems, as well as networking and Internet-access
products, for consumers, network operators, and commercial, government and
industrial customers. Sales in 1998 were $29.4 billion. Additional
information is available at http://www.motorola.com.
Except for historical information, all of the expectations and assumptions
contained in the foregoing are forward-looking statements involving risks and
uncertainties. Important factors that could cause actual results to differ
materially from such forward-looking statements, include, but are not limited
to, delays and difficulties in product development, changes in customer
requirements, failure to develop or maintain strategic partner relationships,
technological changes in the computer industry, the competitive environment
for our products, changes of rates of all related services and legislation
that may affect the industry. For additional information regarding these and
other risks associated with Motorola's and VeriSign's business, refer to the
Motorola's and VeriSign's reports filed with the SEC. Neither Motorola nor
VeriSign assumes any obligation to update the forward-looking information
contained in this press release.
NOTE: All rights reserved. VeriSign is a registered trademark exclusively
licensed to VeriSign, Inc. VeriSign OnSite service mark of VeriSign, Inc.
Motorola is a registered trademark of Motorola, Inc. All other trademarks are
properties of their respective owners.
SOURCE VeriSign, Inc.
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Related links:
http://www.verisign.com
CONTACT:
Jeff Wenker of Edelman PR, 650-429-2768, or
jeff_wenker@edelman.com, for VeriSign, Inc.; or Julie Roth,
847-732-1499, or roth@icsd.mot.com, or Natalie Link in the UK,
44-1256-790-707, or Natalie.Link@motorola.com, or Mauricio
Bendeck in Latin America, 954-267-5412, or
Mauricio.Bendeck@motorola.com, or Steven Lyons in Asia,
852-296-63000, or Steven_Lyons@email.mot.com, all of Motorola,
Inc.
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