Munich, Germany - May 8, 2008 - VeriSign, Inc. (NASDAQ: ), 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.”
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 .
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.
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