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Tuesday May 16, 9:34 am Eastern Time
Company Press Release
SOURCE: ValiCert, Inc.
ValiCert Debuts Secure B2B e-Transaction Solution
New B2B Express Ensures Validity, Security and Proof Throughout The e-Transaction Life Cycle
Net Market Makers Conference, BOSTON, May 16 /PRNewswire/ -- ValiCert, Inc., a leading provider of end-to-end secure infrastructure solutions for e-Transactions, today announced B2B Express(TM), a complete e-Transaction security infrastructure solution that B2B marketplaces, their participants and financial institutions can use to achieve validity, security and proof throughout the e-Transaction life cycle. B2B Express is designed to allow organizations to more safely and easily engage in e-Transactions while lowering the overall cost associated with fraud, dispute resolution and paper-based processes.
ValiCert B2B Express can be deployed rapidly to provide the security and trust B2B environments demand. The new e-Payments component, also announced today, is designed to work with leading payment systems, such as those from CyberSource (Nasdaq: CYBS - news), IBM (NYSE: IBM - news) and Trintech. ValiCert B2B Express supports leading digital certificates, including those from Baltimore Technologies (Nasdaq: BALT; London: BLM), Entrust Technologies (Nasdaq: ENTU - news) and IBM, and is designed to enable B2B marketplaces to easily expand their network of available participants. The new Transaction Event Confirmations (TECs) feature provides proof of all e-Transactions and is designed to help lower costs by reducing fraud and aiding in dispute resolution.
``With B2B Express, ValiCert has achieved a one-stop solution for demanding B2B environments needing to ensure validity, security and proof through all phases of the transaction life cycle,'' said Yosi Amram, president and CEO of ValiCert. ``The completeness and convenience of B2B Express, and its interoperability and scalability provide B2B participants with a powerful new solution for achieving trust and proof in their e-Transactions.''
``To create secure B2B transactions, companies must leverage a variety of new software infrastructure services, including digital certificates, validation, payment and secure audit trails,'' said Jamie Lewis, CEO and Research Chair for The Burton Group. ``With B2B Express, ValiCert has integrated these functions, creating a solution for managing B2B transactions from end-to-end that will speed deployment and ensure secure implementations.''
ValiCert's new B2B Express solution also received support from a number of leading CAs (certificate authorities), customers and leading industry service providers:
``ValiCert's B2B e-Transaction solution opens the door to widespread use of B2B marketplaces for all kinds of online trading applications,'' said Andrew Morbitzer, vice president of marketing at Baltimore Technologies. ``They have recognized and addressed the way business is actually conducted, and have removed one of the stumbling blocks that have inhibited more widespread deployment of e-Transactions.''
``ValiCert has given B2B marketplace operators a comprehensive solution for addressing the integrity and provability of their customers' e-Transactions without the constraint of specifying that they use any particular brand of digital credential,'' said Tracy Wilk, vice president of product management for CyberSource. ``By opening these e-Transactions to certificate authorities, ValiCert has taken an important step in advancing B2B e-commerce.''
``ValiCert's real-world approach to e-Transactions will be helpful to B2B marketplaces and others engaging in e-commerce by ensuring a broad network of participants,'' said Nigel Johnson, vice-president, B2B strategic market unit at Entrust Technologies. ``ValiCert's commitment to CA neutrality and interoperability mirrors our own efforts which support open standards and industry-wide interoperability.''
``As we extend our existing relationship with ValiCert to include this new e-Transaction capability, we expect our financial services customers to benefit from e-business solutions with increased trust and integrity for high-value B2B transactions,'' said Mark Greene, vice president of strategy, IBM Global Financial Services Sector.``
``Universal certificate validation is key to ensuring integrity and trust for all e-Transactions, and is especially critical in the high-value world of B2B e-commerce,'' said Scott Jolly, director product marketing, iPlanet E-Commerce Solutions, a Sun-Netscape Alliance. ``ValiCert has done a great job of creating a neutral infrastructure that promotes openness while securing B2B e-Transactions.''
ValiCert B2B Express
ValiCert's B2B Express is a secure e-Transaction infrastructure solution that B2B marketplaces, their participants and financial institutions can use to achieve validity, security and proof throughout the e-Transaction life cycle. B2B Express enables transaction notarization, archival, auditing, and dispute resolution by introducing Transaction Event Confirmations (TECs). TECs are tamper-proof, time-stamped, digitally signed confirmation and proof of major events in the B2B transaction life cycle. By utilizing TECs and the other components of ValiCert's secure e-Transaction infrastructure, B2B Express supports the following stages of the B2B transaction life cycle:
-- Member and Participant Management -- ValiCert's validation solutions
provide certificate validity status for leading client or server
applications using digital certificates over the Internet, and are
designed to enable B2B marketplaces to reduce costs associated with
fraud by ensuring that participants are authentic. ValiCert's
relationships with the leading CAs, including Baltimore Technologies,
Entegrity Solutions, Entrust Technologies, Microsoft and Netscape,
enable ValiCert to offer a B2B solution that works with major CAs for
interoperability among marketplaces and enterprises.
-- Transaction Authorization -- ValiCert's Stateful Validation mechanism
can be used by B2B marketplaces to authorize participants for
particular transactions based upon context-specific and
application-specific rules. B2B marketplaces can use participant
information, such as credit worthiness or transaction history, to
authorize the participant for marketplace entry or for different tiers
-- Secure Payments -- The ValiCert open payment solution combines
flexibility with security by offering B2B marketplaces an open,
multi-vendor and vendor-neutral system with TECs for payments.
-- Transaction Fulfillment -- SecureTransport securely transmits purchase
orders, invoices, bills of lading, letters of credit and other
transactional documents within B2B marketplaces and between trading
partners. TECs provide proof of transactions and transmissions.
Availability and Pricing
The ValiCert B2B e-Transaction solution is available now. Pricing information can be obtained by contacting ValiCert directly.
ValiCert is a leading provider of secure e-Transaction infrastructure products and services for conducting business safely over the Internet. ValiCert's validation, security and proof offering provides enterprises and service providers with a certificate- and payment-neutral infrastructure for protecting the phases of the e-Transaction life cycle. ValiCert's products and services are available through its direct sales force, resellers and service providers.
ValiCert has technology and marketing alliances with providers and users of security services and products. The company's customers include Global 2000 organizations in financial services, telecom, healthcare and government sectors. ValiCert is headquartered in Mountain View, California, and is available on the World Wide Web at www.valicert.com.
NOTE: ValiCert, ValiCert B2B Express, ValiCert Digital Receipt Solutions, ValiCert Receipt Notary, ValiCert Receipt Vault, ValiCert Receipt Toolkit, ValiCert Receipt Service, Validation Authority and SecureTransport are trademarks of ValiCert, Inc. All other product and brand names are trademarks or registered trademarks of their respective owners.
SOURCE: ValiCert, Inc.