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Kyberpass Announces Support
for Project Eleanor
New Eleanor Services for the Identrus System to introduce secure,
direct business-to-business payments on the Internet
OTTAWA - March 7, 2002 - Kyberpass®
Corporation, a leading provider of e-security software for trusted
e-business, today announced the launch of the Kyberpass Eleanor
Services for the Identrus System in response to Project Eleanor.
Commissioned by the Identrus Project Eleanor group, a consortium
of 15 Identrus member financial institutions, Project Eleanor was
created to answer the need for a widely accepted payment standard
in B2B e-Commerce. Built according to Eleanor specifications, Kyberpass
Eleanor Plug-ins for the Identrus System brings the convenience
of trusted payment automation to B2B e-Commerce, allowing organizations
to perform end-to-end transactions in real-time, with flexible payment
arrangements and conditions that can be guaranteed.
Kyberpass demonstrated its Eleanor Services for the Identrus system
to several Identrus financial institutions at the RSA Conference
held recently in San Jose, California.
Business-to-business e-commerce is projected to grow to US$2.8 trillion
by 2005, according to the IDC, but the Internet has so far failed
to meet its true potential. While many companies surf the web to
investigate products and services, and often order goods, they usually
go offline to make payments, reintroducing the inefficiencies of
traditional paper-based commerce. Project Eleanor, a global e-payments
solution from Identrus, offers businesses the certainty of the paper-based
world and the efficiency of online processing for goods and services
worth billions of dollars.
"Project Eleanor is dramatically reshaping the global payment
process to meet the needs of B2B buyers, sellers and third parties
to quickly settle trusted transactions in real-time over the Internet,"
said Thomas Nolan, president and CEO of Kyberpass. "We are
very pleased to be delivering our best-in-class Eleanor Services
to Identrus financial institutions around the world. The payments
market is a critical part of Kyberpass’ Identrus strategy
and along with our e-Transaction TrustPlatform, represents the best
choice for open, scalable and reliable PKI-based Internet e-commerce
solutions for the Identrus system.”
Kyberpass Eleanor Services leverage the Kyberpass e-Transaction
TrustPlatform‘ for the Identrus System, the only suite of
fully integrated Identrus Compliant and Identrus Ready software
products.
How it Works
Project Eleanor includes six B2B e-payment options, including payment
orders and, obligations. Trading partners will have pre-established
instructions with their banks for payment authorization, routing
and settlement.
Eleanor Payments integrate within the Identrus four-corner trust
model through two basic components:
- A component used by financial institutions to cooperate with
an existing Identrus Transaction Coordinator; and
- A component for customers that need to communicate with their
financial institutions using Eleanor schemas.
Kyberpass provides both components as services that seamlessly
integrate within the Kyberpass TrustPlatform architecture. These
are provided alongside the Kyberpass Transaction Coordinator and
Kyberpass Trust Services Gateway that include a digital signature
messaging systems (DSMS) that can also support hosting. Kyberpass
also provides:
- An interface used to integrate existing applications within
this infrastructure; and
- A highly customizable Eleanor logging service.
As with all Kyberpass Identrus components, integration with existing
back-end systems is straightforward using well-documented interfaces.
“From anywhere in the world a user with an Identrus Global
ID will be able to click on a payment button and settle a transaction
in real-time with built-in PKI security," said Dave Oshman,
senior vice president of technology at Identrus. "As a leader
in PKI-based e-Commerce systems, Kyberpass is once again demonstrating
its commitment to the success of the Identrus system and our participating
financial institutions. The introduction of their Eleanor Services
builds on Kyberpass’ impressive track record of delivering
Identrus Ready and Identrus Compliant products that integrate easily
with both web and legacy applications.”
Availability
The Kyberpass Eleanor Services for the Identrus System will be available
in Q2 2002 on both Windows and Unix platforms. Financial institutions
interested in pilots with Kyberpass should contact identrus@kyberpass.com.
About Kyberpass Corporation
Kyberpass delivers a new generation of e-security TrustPlatforms
for Identrus, B2B exchanges and e-government. With millions of licensed
users around the world, Kyberpass¯ award-winning security solutions
seamlessly allow any application to take advantage of the full power
of Public Key Infrastructure (PKI), while automatically implementing
customers¯ unique security policies and dramatically simplifying
administration. Kyberpass enables the implementation of a total
security solution in a matter of days, rather than months or years.
Kyberpass supports all major PKIs and provides the most flexible
e-security infrastructure available on the market today. For more
information, visit www.kyberpass.com.
For more information, please contact:
Robert Lendvai
Kyberpass Corporation
613.727.6556 x303
rlendvai@Kyberpass.com
Maggie O’Lett-Patterson
High Road Communications
(613) 236.0909
MOlett@HighRoad.com
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