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Press Release |
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American Bankers Association Deploys VeriSign Identity Protection
By Joining VIP Network, ABA Brings Strong Authentication to 350 Banks
Across the U.S.
London, UK – September 9, 2008 –VeriSign, Inc. (NASDAQ: VRSN),
the trusted provider of Internet infrastructure services for the networked
world, today announced that the American Bankers Association (ABA) has
joined the VeriSign Identity Protection (VIP) Authentication Network.
With the VIP Authentication Network, the ABA will offer its Fingerprint
Program users an added layer of protection when accessing the ABA’s
National FBI Fingerprint Service. The ABA joined the VIP Network
as part of VeriSign’s QuickStart
program, which offers new network members up to 5,000 free VIP credentials.
Users of the ABA’s National FBI Fingerprint Service
will be able to access the ABA’s Secure Internet Results Service (SIRS)
for accessing fingerprint results in a secure manner through a special
VIP security credential that generates a one-time password (OTP) for
every sign-on. During an online session, this password is entered into
the SIRS’s log-in user interface along with the user’s usual account
name and password. When the ABA verifies the OTP and matches it to the
user, clients achieve strong – or two-factor – authentication.
Around the world, leading businesses have joined the
VIP Network to provide end-users with identity safeguards that go beyond
standard secure log-ins. Membership in the VIP Network allows
the users of the ABA’s National FBI Fingerprint Service to use the same
VIP credentials on various other network members’ sites, including AOL,
eBay, PayPal, Morgan Street Document Systems and others.
“The ABA National FBI Fingerprint Service is serious
about security,” said C. Diane Poole, SVP at ABA. “We needed another
layer of authentication, and we selected VIP for its ease-of-use and
ease of deployment. We hope our fingerprint system clients also
see this as a convenient way to protect their accounts and join in to
fight against online fraud.”
The unique VIP Network allows consumers to use a single
security device to authenticate themselves across any VIP-enabled Web
site. This makes it more convenient for users to adopt two-factor authentication
into their online routine. For financial institutions and other online
businesses, joining the VIP Network helps distribute the costs of stronger
authentication, thus accelerating its inevitable acceptance in the global
marketplace.
“To protect critically private data such as fingerprints,
logging in with just a user name and password simply isn’t strong enough
anymore,” said Kerry Loftus, vice president of Consumer Authentication
Solutions at VeriSign. “By joining the VIP Network, ABA is taking a
strategic step to ensure its fingerprint system clients have a safe,
secure and convenient environment in which to do business online.”
The VeriSign Identity Protection Quick Start program
is an initiative designed to accelerate adoption of two-factor authentication
by emphasizing the consumer convenience of a shared authentication network
such as the VIP Network. Through the program, which runs through Sept.
30, VeriSign will provide up to 5,000 free credentials to each new enterprise
that joins the VIP Network. For more information about the Quick
Start Program, please call 650-426-5310 or go to www.verisign.com/quickstart
About ABA
The American Bankers Association brings together banks of all
sizes and charters into one association. ABA works to enhance the competitiveness
of the nation's banking industry and strengthen America's economy and
communities. Its members – the majority of which are banks with less
than $125 million in assets – represent over 95 percent of the industry's
$13.3 trillion in assets and employ over 2 million men and women. ABA
can be found on the Internet at www.aba.com.
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.co.uk.
Contacts
Victoria Henry, vhenry@verisign.com,
+44 20 8600 0723
Investor Relations: Nancy Fazioli, ir@verisign.com
, 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
Identity Protection services; 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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