724 Solutions Inc., a premier provider of secure mobile commerce infrastructure and application software, today announced it is cooperating with Nokia Networks, the infrastructure arm of Nokia, to market and deploy the Nokia Activ Signet Solution with the 724 Solutions Financial Services Platform (FSP).
By combining 724 Solutions FSP with the Nokia Activ Signet Solution, 724 Solutions will extend its capability of enabling “anytime, anywhere” access to trusted banking and investment services by offering further digital-signing capabilities via mobile devices on banking and business-to-business transactions that demand high security. For example, with recent legislation passed in important markets, such as the United States, Europe and Singapore, many contracts signed by digital signature are legally binding, making digital signatures the Internet equivalent of traditional hand-written signatures, thus expanding the realm of services that may be offered via mobile handsets.
The Nokia Activ Signet Solution is a recently introduced solution for secure mobile e-commerce that will meet with corporate needs by enabling certificate and digital signature validation and online certificate enrollment. The solution will be based on open standards, such as the Wireless Public Key Infrastructure (PKI), on which the security aspects of the WAP 1.2 specification is built. The Nokia Activ Signet Solution will support WAP 1.2 compatible phones which will include Wireless Identity Module (WIM), the tamper-resistant module for private key storage and crypto operations.
“Our relationship with Nokia reinforces our commitment to work closely with the leading manufacturers and security providers,” said Alistair Rennie, General Manager, Applications 724 Solutions Inc., “Nokia is clearly an important player on mobile e-commerce solutions. Working with Nokia enables us to bring to the financial services industry further flexibility and broad interoperability of an advanced range of security solutions.”
“We are delighted to be working with companies, such as 724 Solutions, on mobile financial services solutions," said Jukka Riivari, Director, Sales and Marketing, Corporates, Nokia Networks, "The Nokia Activ Signet Solution will provide easy to use mobile e-commerce solutions that will be essential to the faster adaptation of new services. With 724 Solutions, we will be able give customers quick access to turnkey solutions when they want to undertake a new range of wireless transactions, such as large-value funds transfer, loan and mortage agreements, and credit card applications.”
724 Solutions will work together with Nokia to enable its customers using the FSP to deploy 724 Solutions’ m-banking and m-brokerage offerings in conjunction with Nokia products.
724 Solutions Inc. is a leading global provider of Internet infrastructure software that enables the delivery of secure mobile transaction solutions across a wide range of Internet-enabled devices. The 724 Solutions suite of products and services enables companies to monetize the Internet by building, deploying and integrating personalized and secure mobile commerce and lifestyle applications. The company also offers end-to-end customer support through its global application hosting and contact center services. 724 Solutions' customers have a combined customer base totaling more than 270 million consumers worldwide. With dual headquarters in Toronto, Canada, and Austin, Texas, the company has development and sales offices around the world, including Australia, Barbados, Finland, France, Germany, Japan, the Netherlands, Switzerland, the United Kingdom and the United States. 724 Solutions' common shares are listed on the NASDAQ National Market (SVNX) and The Toronto Stock Exchange (SVN). For additional information visit www.724.com.
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet, Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
Further information:
Communications,
Nokia Networks
Tel. +358 7180 38195
Email: nokia.networks@nokia.com
Nokia Corporate Communications – Americas
Tel. +1 972-894-4573
www.nokia.com
Rüdiger Warns
724 Solutions
Phone: +49 6172 734 323
E-Mail: rwarns@724.com
Enno Pigge
Fleishman-Hillard Germany GmbH
Telefon: +49 69 405 702 568
E-Mail: PiggeE@fleishman.com
724 Solutions to team with Nokia to offer secure mobile financial services solutions
| Source: Nokia Oyj