- VeriSign Identity Protection Integrated with ICT DisplayCard to Generate Unique
New Password for Every Transaction, Adding Convenient New Way to Access Growing
Authentication Network
Los Angeles, CA – VeriSign,
Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the
networked world, and Innovative Card Technologies, Inc. (NASDAQ: INVC), developers
of the ICT DisplayCard for e-banking, e-commerce and data access authentication,
today announced an agreement that will make it easier than ever for financial
services providers and retailers to issue and accept payment cards embedded
with one-time-password (OTP) authentication to protect their online transactions
from e-fraud.
Now companies that fortify their online commerce applications with VeriSign
Identity Protection (VIP) can leverage the ICT DisplayCard, a revolutionary
new “smarter” payment card with built-in identity authentication.
The ICT DisplayCard integrates the security of a one-time password token into
a card the size of a standard credit or debit card. At the push of a button
on the back of the card, an integrated display shows a password that changes
with every transaction. During an online transaction, this number is entered
into a user interface with other information (such as the user’s static
PIN and login name) for multifactor authentication.
By integrating the ICT DisplayCard with VIP, the two companies will add a convenient,
portable and user-friendly new token form factor to the VeriSign’s growing
authentication network.
“For businesses to inoculate themselves against online fraud, they must
make it convenient for consumers to authenticate their identity with every transaction,”
said Fran Rosch, vice president, Authentication Services, VeriSign. “Integrating
the ICT DisplayCard with VIP gives our customers more protection than ever,
and illustrates VeriSign’s commitment to offering the latest methods of
authentication in form factors that accommodate the way consumers live.”
VIP is a comprehensive suite of identity protection and authentication services
that enable consumer-facing applications to provide a secure online experience
for end users at a reasonable cost. It enables both invisible security through
VIP Fraud Detection Services as well as more visible security through VIP Authentication
Services. To minimize costs and maximize security by sharing intelligence and
resources, VIP Authentication Services is backed by the VIP Network which allows
for the sharing of a single security credential across multiple websites.
“VeriSign’s extensive experience securing digital transactions
make them a strong addition to InCard’s partner network,” said John
A. Ward, III, InCard Technologies’ Chairman and CEO. “We look forward
to providing VeriSign’s clients with an additional layer of strong authentication
in the best possible form factor for one-time passcode generation – a
card that fits in a wallet.”
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates digital infrastructure services that
enable and protect billions of interactions every day across the world’s
voice and data networks. Additional news and information about the company is
available at www.verisign.com.
About Innovative Card Technologies
InCard Technologies, Inc., (NASDAQ: INVC) was founded in 1993 to add functionalities
to payment cards. InCard’s suite of ICT DisplayCards enable dual-factor
authentication in a convenient card form. The cards can be configured to offer
RFID physical access or payment capabilities, and feature a screen powered by
an integrated battery, circuit, and switch. This screen displays a one-time
password to verify the presence of the card during online and voice transactions
or data systems login. www.incardtech.com.
MEDIA TAGS: verisign innovative card innovative card technologies online e-commerce merchants fraud protection credit card fraud |