Entrust® Technologies to Secure Wireless Transactions
Entrust Addresses Next Wave of Internet e-Commerce with Comprehensive Solutions to Enable Trusted e-Business for the Billion Mobile Customers Expected by 2003
PLANO, TX - Entrust® Technologies Inc. (NASDAQ: ENTU) 15 November 1999, global leader in solutions that bring trust to e-business, today is announcing its comprehensive suite of solutions to deliver trusted e-business transactions to the exploding wireless Internet appliance market. Among these Internet appliances, the mobile telephone has the potential to become the most convenient and ubiquitous consumer and e-business transaction "on-ramp" to next generation e-commerce networks. Entrust is working with industry leaders including Nokia, Nortel, Scotiabank, Secom, Sonera and 724 Solutions, to introduce products and services that enable trusted e-business Internet transactions over the air between mobile phones and e-commerce sites.
Today, with the telephony and Internet computing industries converging, demand for mobile digital phones is soaring. The worldwide mobile data market is projected to be $80 billion by 20101, and the global penetration of wireless phones alone is expected to grow to 1 billion by 20032. Entrust is leveraging its industry-leading position to deliver products and services which secure wireless Internet transactions such as the purchase of goods and services, the buying and selling of stock, bank account balance inquiries, bill presentment, bill payment and other business and consumer transactions.
"Entrust's strategy brings trust to e-business transactions for business-to-customer, business-to-business and the internal enterprise," said John Ryan, president and CEO, Entrust Technologies Inc. "Entrust is, again, validating its market leadership by being first
to provide customers with products and services to secure their wireless e-business transactions. Our customers will be able to securely expand their distribution channels, offer new services and enhance their brands with our wireless e-business solutions."
Entrust Technologies will extend its proven public-key infrastructure (PKI) security services and solutions into the wireless transactions space. In addition to the existing Global System for Mobile (GSM) wireless platforms, Entrust Technologies' solutions will support the Wireless Application Protocol (WAP) which is emerging as a global standard for providing Internet communications and advanced telephony services between wireless cell phone devices and mobile e-business application servers. This approach creates a powerful wireless e-commerce solution that will work with current phones and future generation wireless devices.
Entrust Technologies' will leverage its industry-leading position in working with financial institutions and telecommunications equipment manufacturers, carriers and service providers to deliver secure and trusted e-business transactions to mobile Internet appliances such as digital mobile phones, pagers, personal digital assistants, e-commerce servers, and other wireless terminals. The mobile digital phone marketplace is the initial segment of the mobile Internet appliances market in which Entrust Technologies is offering new products and services.
"Nokia welcomes Entrust Technologies' and Entrust.net's support to open standard PKI-based WAP/WTLS security, that is implemented in the Nokia WAP Server," said Heikki Heinaro, general manager, Business Development, Nokia Wireless Software Solutions. "The availability of PKI technology and services supporting the Nokia WAP Server allows our customers to develop, deploy and use demanding mobile e-business services."
"Nortel Networks, a global leader in wireless internet solutions and a partner of Entrust Technologies, is working to deploy secure WAP applications on Entrust's latest mobile offering for wireless service providers," said Wally Ho, director, Nortel Networks, Asia-Pacific.
"Scotiabank's new subsidiary, e-Scotia.com supports Entrust's strategic direction as we feel it marks a significant step in the evolution of secure wireless e-business technology," said Albert Wahbe, president of e-Scotia.com and Scotiabank's executive vice-president of Electronic Banking. "As wireless technology evolves and grows in popularity, security concerns remain paramount. E-Scotia.com is working with Entrust Technologies to offer secure wireless banking and other services on cell phones, pagers and hand-held devices."
"As the distributor for Entrust.net certificates in Japan, Secom.net is excited about this announcement because it means our customers can fully and confidently participate in the growing wireless transactions market knowing their electronic transactions are trusted and secure with Entrust's technology," said Yoichi Tao, director, Secom.co Ltd. "We look forward to continuing to offer our wireless e-commerce customers comprehensive security solutions."
"Sonera SmartTrust and Entrust Technologies have a shared vision to extend PKI to all wireless environments with complete security," said Pekka Jelekäinen, vice president, Sonera SmartTrust. "Entrust has a strong concept for wireless e-commerce as it supports both the emerging WAP as well as existing wireless devices."
"724 Solutions is a leader in providing financial institutions worldwide with infrastructure to deliver secure and personalized e-banking, e-brokerage and e-commerce solutions across a wide range of Internet access devices, " said Greg Wolfond, chairman and CEO, 724 Solutions. "Today's announcement by Entrust is another step towards standards-based security that will help enable the delivery of sophisticated mobile e-commerce services."
New Entrust/PKITM and Entrust.netTM services will enable e-businesses and e-commerce sites to offer secure and trusted transactions to their e-business customers and e-business partners over wireless networks and mobile phones. Entrust Technologies' solutions will enable:
confidentiality of transactions between mobiles and e-commerce/e-business sites;
authentication of wireless e-commerce and e-business sites to consumers and businesses;
the secure delivery of credit card information between mobiles and e-commerce sites;
the secure delivery of transactions between the wireless e-business sites and the backend systems;
secure remote access to internet connections over wireless networks using wireless PC modems.
Entrust Technologies overall wireless strategy incorporates the company's existing leadership in the standards community, membership in new standards bodies, new certification authority services, new and existing products and new and existing partners. Entrust will offer customers a comprehensive portfolio of products, services and partners that bring trust to wireless e-business transactions. Customer trials are expected to begin in December, 1999. For further details on these new services, product and partner offerings, please visit http://www.entrust.com/news/1999/wireless.htm
About Entrust Technologies
Entrust Technologies Inc. is a global leader in providing products and services that allow e-businesses to manage trusted, secure electronic transactions and communications over today's advanced networks, including the Internet, extranets and intranets. Since 1994, Entrust Technologies has been providing award-winning solutions to global enterprises, government entities, small to mid-sized businesses and individuals. Over four million
Entrust Technologies users have been licensed with digital certificates to date. Entrust
Technologies Inc. is headquartered in Plano, Texas with offices in Canada, the United States, the United Kingdom, Switzerland, Germany and Japan. For additional company information please visit http://www.entrust.com.
For more information:
1. Analysis, "Data over Mobile: Commercial Strategies for Mobile Operators," April 1999.
2. Wired, Sept. 1999.
Entrust is a registered trademark of Entrust Technologies Inc. in the United States and certain other countries. In Canada, Entrust is a registered trademark of Entrust Technologies Limited. All Entrust product names are trademarks of Entrust Technologies. All other company and product names are trademarks or registered trademarks of their respective owners.