First XKMS-Compliant Solution Simplifies Use of PKI, Enabling Businesses
To Bring More High-Value Services to the Internet
RSA(R) CONFERENCE, SAN FRANCISCO, April 10 /PRNewswire/ -- Evincible, the
leading provider of policy-based Web security solutions, and
VeriSign, Inc. (Nasdaq: VRSN), the leading provider of Internet trust
services, today announced that Evincible's Web transaction security software
has been enhanced to provide seamless interoperability with VeriSign's next
generation Internet trust services. Evincible has developed the first
commercially available XKMS-compliant solution, Evincible Ink(TM), which
enables businesses to define and enforce rules for handling e-commerce
transactions regarding encryption, digital signatures, validation, and
notarization. By leveraging Evincible Ink with VeriSign's globally
interoperable trust utility, businesses can more easily use Public Key
Infrastructure (PKI) services across multiple applications and functions to
complete legally binding transactions online and therefore offer more types of
services over the Internet. The companies will debut the enhanced Evincible
Ink in a live demonstration, powered by webMethods B2B (TM), at VeriSign's
Partner Pavilion, #814 at the RSA conference.
"VeriSign's second generation PKI services make it easy for developers to
create a straightforward method of assuring that signers have valid
credentials, a critical element required for dispute avoidance and resolution,
where required, " said Vijay Takanti, CEO, Evincible. "As a result of our
partnership with VeriSign, our customers can quickly field powerful yet cost
effective B2B solutions that immediately unleash the full potential of PKI and
legally binding digital signatures."
Today businesses must orchestrate a variety of complex security
technologies to establish trusted transactions. The XKMS-compliant Evincible
Ink makes the process easier for businesses by enabling them to establish the
rules of a transaction through an easy-to-use graphical interface, invoke the
proper PKI services at the right time, and clearly present the rules of the
transactions to the end user. Evincible Ink transparently links to VeriSign's
PKI services when needed to affix and validate digital signatures, notary
stamps and digital receipts to XML documents. Through integration with
webMethods' integration platform, these services provide companies with a
simple way to add trusted transaction capabilities to complex marketplaces and
enterprise applications.
"Second generation PKI services are all about moving complexity away from
desktops and applications to network infrastructure," said Anil Pereira
senior vice president and group general manager for VeriSign's Enterprise and
Service Provider Division. "By transparently linking to a broad set of
digital signature, validation and notarization services, Evincible Ink is
enabling enterprises to deploy a new range of value-added applications in
record time."
"Our member banks are looking for ways to leverage their PKI investments
to deploy their banking applications," said David Oshman, senior vice
president of Technology for Identrus, an organization created to facilitate
the growth of B2B e-commerce for its more than 40 member banks. "This
technology is an example of a tool which makes it easier for FI's and
corporate users to deploy and use Identrus enabled PKI applications."
Evincible recently entered the VeriSign Partner Program for Developers as
a Gold level partner to further develop Trusted Transaction Services
leveraging VeriSign's trusted infrastructure. As part of the program,
Evincible will work with VeriSign to integrate technology and promote jointly
developed solutions through advertising and events.
How Evincible Ink Works
Evincible Ink enables businesses to create the rules associated with the
transaction through a graphic interface that displays the elements of an
XML-based transaction document and the business logic to apply to each block
in the form. Using the Evincible Ink driven services, businesses can identify
who is authorized to sign the transaction, what are the originators
entitlements in the signed transaction and how the transaction document must
be handled, including whether a signature, notary stamp or digital receipt is
required. Operationally, Evincible Ink enforces these policies presenting end
users with the portions of the documents that need to be signed and
coordinating trust service activities throughout the life of the transaction.
The software also enables businesses to monitor compliance ensuring that a
document has been handled according to the defined policy and that validation
and integrity checks have been successful. Third-party notarization ensures
that the transaction has been done correctly then affixes a Notary Seal in the
form of a digital signature with a time stamp to the document providing full
non-repudiation.
At the recipient end, the notary signature is validated through an
XKMS-enabled check at the recipient's computer once they get the document.
Second, elements are decrypted so users can see them. If policy dictates, the
recipient is presented with the elements that need to be signed on the receipt
and then requests appropriate signatures. At the service provider, the
signature on the receipt is validated (XKMS) and the receipt is matched with
the purchase order. The history is stored in a way that cannot be tampered
with providing legal evidence in case of disputes.
About Evincible, Inc.
Evincible was founded at the start of the new millennium with a single
purpose in mind: to strengthen and protect e-business. Our focus is
providing products that bridge the integration chasm between business
applications and security components such as PKI. Our products shelter our
customers from the complexity of developing these connections making the
process of implementing e-business security: simple, cost effective, flexible
and complete.
About VeriSign, Inc.
VeriSign, Inc. is the leading provider of trusted infrastructure services
to Web sites, enterprises, electronic commerce service providers and
individuals. The company's domain name, digital certificate and payment
services provide the critical Web identity, authentication and transaction
infrastructure that online businesses require to conduct secure e-commerce and
communications. VeriSign's services are available through its Web site
(http://www.verisign.com) or through its direct sales force and reseller partners
around the world.
Statements in this announcement other than historical data and information
constitute forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements involve risks and uncertainties that could cause VeriSign's
actual results to differ materially from those stated or implied by such
forward-looking statements. The potential risks and uncertainties include,
among others, VeriSign's limited operating history under its current business
structure, uncertainty of the market's acceptance of new products and
services, uncertainty of future revenue and profitability and potential
fluctuations in quarterly operating results, increased competition, risks
associated with the company's international business and risks related to
potential security breaches. More information about potential factors that
could affect the company's business and financial results is included in
VeriSign's filings with the Securities and Exchange Commission, especially in
the company's Annual Report on Form 10-K for the year ended December 31, 2000.
VeriSign undertakes no obligation to update any of the forward-looking
statements after the date of this press release.
NOTE: VeriSign is a registered trademark of VeriSign, Inc. Other names
may be trademarks of their respective owners.
VeriSign booth at RSA(R) CONFERENCE: #709
SOURCE VeriSign, Inc.
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http://www.verisign.com
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CONTACT:
Media, Nancy Huddleston, 703-742-4852, or
nancyh@netsol.com, for VeriSign, Inc.; or Investor Relations,
Katie Ochsner of VeriSign, Inc., 650-429-3512, or
kochsner@verisign.com
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