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IBM Announces B2B Security Initiatives

New Testing Lab, Products And Global Services Teams In Place To Support Identrus Global Trust System

WHITE PLAINS</span></strong><strong><span>, </span></strong><strong><span>NY - 22 Aug 2001: IBM (NYSE: IBM - news) today announced a set of business-to-business initiatives that will make it easier for companies worldwide to conduct business and to move money across the Internet by reducing the risk of fraud.

IBM is bolstering B2B Internet security by helping financial institutions and their corporate customers speed the deployment of user authentication and digital signature technology. These technologies help reduce operational risks created by conducting business over the Internet, such as working with anonymous buyers or sellers.

The IBM initiatives focus on Identrus, the global standard for B2B e-commerce trust and user authentication. IBM is opening the world's first "Identrus Ready" applications testing laboratory, is making available a series of "Identrus Compliant" IBM products, and is deploying a global team of integration services experts to implement and support the Identrus global trust system.

The Identrus global trust system, which counts 50 of the world's top financial institutions among its participants, uses smart card technology, public key infrastructure (PKI), digital signatures, and other encryption technology to increase security around business-to-business Internet transactions. The system forms a global technology standard that builds upon the trust existing between financial institutions and their corporate clients. Applications used within the Identrus global trust system include the online sharing of business proposal requests (RFPs), secure e-mail correspondence and e-payments.

"Authentication and financial qualification is a vital component of B2B trade, and the absence of such functionality slows down or even prevents a number of business relationships due to fear of fraud and high credit risk," said Andrei V. Arkhipov, financial technologies analyst at Aberdeen Group, a market analysis and consulting firm. "With Identrus, supplier organizations can approve high-value purchases from 'anonymous' buyers and even offer financing at the point of sale without long due diligence. At the end of the day, this gives supplier enterprises shorter and cheaper sales cycles, reduced bad debt, and a larger number of more satisfied customers."

IBM is opening the world's first testing facility to ensure that application providers meet the requirements of the new "Identrus Ready" certification program. Located in GaithersburgMd., this IBM Security and Privacy Services' trusted e-business testing lab is designed to help spur growth and availability of industry solutions used in the Identrus system, giving financial institutions a wide selection of Identrus-enabled applications from which to choose.

"The next wave in B2B Internet commerce is trust verification, and financial institutions have the opportunity to find new revenue sources in this rapidly growing space," said Mark Greene, general manager, IBM Global Banking. "Trust verification is being built a layer at a time. First came the hardware, software and services to build out the PKI infrastructure and now we're bringing IBM's financial services expertise in the IT arena to support applications built to work within the Identrus global trust system. More Identrus Ready applications will allow businesses to conduct transactions on the Internet and incorporate e-payments into their procurement systems, with financial institutions standing behind and vouching for the transactions."

IBM is also announcing that its WebSphere e-infrastructure software, DB2 Universal Database, and eServer hardware are now Identrus Compliant. These infrastructure technologies, and others from IBM and its business partners to be announced in coming months, can be used by financial institutions within the Identrus global trust system. IBM has also deployed a global team of Identrus experts to assist financial institutions and their customers with integration projects involving PKI.

"IBM is a global leader in Internet security and a trusted name for financial services technology and integration services," said Elizabeth Halaki, senior vice president, marketing and business development, Identrus. "We look forward to IBM's close involvement in the new Identrus Ready program to help financial institutions and businesses find solutions to meet their Internet commerce goals."

Additional solutions and services that currently form IBM's trusted e-payments initiative include: the IBM 4758 Crypto CoProcessor; the AIX operating system; the Customer Registration and Certificate Lifecycle Management (CRCLM) toolkit for automated digital signature registration; a WebSphere based bill presentment and payment application from eBX, an IBM business partner; as well as a myriad of components from other PKI solution providers such as Baltimore Technologies, Entrust, RSA, SECUDE, and ValiCert Inc.

About IBM Financial Services

IBM's Financial Services Sector is the world's leading provider of comprehensive, integrated e-business solutions to the banking, financial markets and insurance industries. Working directly with its financial services customers, IBM develops and deploys mission-critical industry-specific technology solutions. These solutions comprise the full range of IBM capabilities including strategy, consulting, and implementation services; middleware, hardware and e-business applications from best-of-breed software developer business partners; and innovative research. Additional information about IBM can be found at www.ibm.com/solutions/financialservices.

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*IBM, the IBM e-business logo, WebSphere, DB2 Universal Database, AIX and eServer are all trademarks or registered trademarks of the International Business Machines Corporation in the United States and other countries. The IBM eServer brand consists of the established IBM e-business logo with the descriptive term "server" following it

Contact(s) information

Mike Darcy
IBM
914-642-5032
mdarcy@us.ibm.com

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