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Press Release |
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eBay and PayPal Win Top Award for Successful Identity Management Project with VeriSign
Munich, Germany - May 8, 2008 - VeriSign, Inc. (NASDAQ: VRSN),
the trusted provider of Internet infrastructure services for the networked
world, supported eBay and PayPal in winning the 2008 European Identity
Award for the Best B2C Identity Management project. VeriSign worked
with eBay and PayPal to enhance the online security of their customers
through VeriSign Identity Protection (VIP).
“We are very proud of receiving the European Identity
Award 2008 for the best B2C product. Our efforts to provide customers
that want even more security in online transactions were appreciated”,
said Matthias Setzer, Head of Business Development PayPal Germany. “This
award is a motivation for PayPal to continue working on security features
with our industry partners.”
"We are very happy that the work eBay and PayPal
are doing to protect customers online is being recognised by the industry,”
said Mike Davies, VeriSign Identity Protection Director, EMEA. “Combating
online fraud has often appeared to be a daunting task but leaders like
eBay and PayPal are beating a path that others should follow."
eBay and PayPal are members of the VeriSign Identity
Protection (VIP) Network in an effort to safeguard the data of their
customers against the risk of online fraud. VIP allows online retailers
and banks to protect customers in a cost efficient manner through shared
validation infrastructure and allowing businesses to easily issue and/or
accept multiple credentials.
“We awarded eBay and PayPal for their use of VeriSign
technology because we were very impressed by the wide deployment of
the two-factor-authentication in such a big company,” said Martin Kuppinger,
Managing Director from the analyst company Kuppinger Cole + Partner
and organizer of the European Identity Award. “This is an important
innovation that will help to make the internet more secure for users.”
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet
infrastructure services for the networked world. Billions of times each
day, VeriSign helps companies and consumers all over the world engage in
communications and commerce with confidence. Additional news and information
about the company is available at www.verisign.com.
Media Relations:
Victoria Henry, VeriSign Media Relations: vhenry@verisign.com,
+44 20 8600 0723
Investor Relations
Nancy Fazioli, ir@verisign.com,
+1 650-426-5146
Statements in this announcement other than historical
data and information constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These statements involve risks
and uncertainties that could cause VeriSign's actual results to differ
materially from those stated or implied by such forward-looking statements.
The potential risks and uncertainties include, among others, the uncertainty
of future revenue and profitability and potential fluctuations in quarterly
operating results due to such factors as the inability of VeriSign to
successfully develop and market new products and services and customer
acceptance of any new products or services, including VeriSign EV SSL
solutions; the possibility that VeriSign’s announced new services
may not result in additional customers, profits or revenues; and increased
competition and pricing pressures. More information about potential
factors that could affect the company's business and financial results
is included in VeriSign's filings with the Securities and Exchange Commission,
including in the company's Annual Report on Form 10-K for the year ended
December 31, 2007 and quarterly reports on Form 10-Q. VeriSign undertakes
no obligation to update any of the forward-looking statements after
the date of this press release.
©2008 VeriSign, Inc.
All rights reserved. VeriSign, the VeriSign logo, the checkmark circle,
and other trademarks, service marks, and designs are registered or unregistered
trademarks of VeriSign, Inc., and its subsidiaries in the United States
and in foreign countries. All other trademarks are property of their
respective owners.
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