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Issue #2001 - 03 (Jan. 2001)

(Updated on Jan. 17, 2001)


VeriSign Committed to Making Wireless Internet a Reality

Last week, the South China Morning Post reported that VeriSign has plans for new payment and authentication engines for wireless devices this year.

With Japan’s NTT DoCoMo expecting a large volume of business-to-consumer Internet transactions over its soon to be launched 3G network, VeriSign has agreed to supply new trust engines to be embedded in wireless communication devices of DoCoMo’s i-mode 3G services.

Stratton Sclavos, president and CEO of VeriSign told the Chinese newspaper that

VeriSign has completed work with Gemplus, the smart-card maker, to integrate its Internet payment and authentication services on the 3G-enabled subscriber identity modules Gemplus offers for mobile phones.

The company is creating digital credentials for wireless devices and working with application providers to ensure privacy through encryption. "We’re building a set of scalable back-end services to issue potentially billions of digital signatures to users of cell phones and wireless Internet devices," Mr. Sclavos was quoted as saying in a "Special Report" issued by the company. "By the second half of 2001, you’ll see a whole set of mainstream wireless Internet solutions," he added.

For more information: http://corporate.verisign.com/news/articles/netsol.pdf

Mobileinfo Comments and Advisory: This is a good development. VeriSign is a major player in secure payment systems. 

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.

All trademarks used in this summary are the property of their respective owners.

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