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From: Lynx_User@linux.nycmetro.com
Date: Wed, 29 Jan 1997 02:25:04 -0800 (PST)
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Tuesday January 28 9:52 AM EST
VeriSign Commercializes New Encryption Standard
SAN FRANCISCO - VeriSign, hoping to push some recent Internet
encryption research into use, says it has begun commercializing
several products based on new industry encryption standards.
First it has taken the Secure Electronic Transactions (SET) standard
developed last year by an industry group led by Visa and MasterCard
and started online distribution of digital IDs based on SET to Visa
customers.
At a conference in San Francisco sponsored by RSA Data Security,
VeriSign also demonstrated digital ID smart cards using a PC/SC
standard to get access to Internet sites.
In a partnership with Schlumberger, which also manufactures the smart
cards, Litronic, which makes readers of smart cards, and Microsoft on
whose Internet Explorer 3.0 browser the smart cards will work,
VeriSign showed how the smart cards would be useful for providing
secure access to restricted Internet sites, or for transactions on the
Net.
"We are starting to see the industry support this Visa- MasterCard
initiative with a lot of product efforts," VeriSign Chief Executive
Stratton Sclavos said about SET.
Smart cards are credit card-shaped plastic cards that hold a microchip
that endows them with computer intelligence and processing
capabilities. As officials from VeriSign, Spyrus and others described
here, an employee would use the smart card to get access from anywhere
to a corporate network and have all the key personal information as if
the computer was programmed for that person's use. Likewise, a
consumer might use the smart card in many different sites to do
Internet-based transactions from kiosks or ATMs and so on.
Sclavos forecast that Internet transactions requiring security will
gain consumer acceptance in 1998 or 1999.
He said 1997 will be the year that security apparatus is installed or
deployed by merchants, banks and other companies. Then once deployed,
consumers will start using it about a year later.
Security remains a key concern of consumers about electronic commerce
and Internet transactions, he said.
VeriSign also announced its so-called private label digital ID program
in which it is making encryption products for large customer-oriented
companies, like brokerage firms, to distribute to customers for access
to online accounts.
And it announced a new service for the Electronic Data Interchange
market that allows EDI to take place over the Internet instead of
proprietary networks.
Mountain View, Calif-based VeriSign considers itself the leader in
providing digital certification for Internet access and electronic
commerce. It has issued digital IDs based on other encryption
technology it developed to about 500,000 people and on 14,000 Web
sites, it added.
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