VeriSign and eONE Global Partner to Deliver Integrated B2B and B2C Internet Payment Solutions

Industry Leaders to Co-Market SurePay End-to-End B2B Solution and VeriSign

Managed Payment and PKI Services



Apr 05, 2001, 01:00 ET from VeriSign, Inc.

    MOUNTAIN VIEW, Calif. and NAPA, Calif., April 5 /PRNewswire/ --
 VeriSign, Inc. (Nasdaq:   VRSN), the leading provider of Internet trust
 services, and eONE Global LP, a leader in emerging payment technologies for
 Internet and wireless applications, today announced that they have signed a
 strategic agreement to co-market each other's products and services as well as
 co-develop solutions to increase secure payment options for a broad range of
 businesses engaged in e-commerce.  As part of the overall agreement, and to
 cement this important alliance, VeriSign intends to make a $20 million equity
 investment in eONE Global and its SurePay business.
     VeriSign and eONE Global, through eONE's operating company SurePay, LP,
 will integrate their respective B2B solutions to deliver and co-market a "best
 of breed" offering via SurePay's patent-pending end-to-end payment solution to
 business-to-business exchanges, enterprises and financial institutions, and
 will jointly market VeriSign's PayFlow managed payment services to online
 merchants.  SurePay, an Internet gateway services provider for First Data
 Corp. (NYSE:   FDC), will market VeriSign's managed payment gateway, as
 SurePay's premier payment gateway offering, to First Data's financial
 institution clients and other distribution partners.  As the majority owner of
 eONE Global, e-commerce and payment services leader First Data has extensive
 distribution channels including relationships with 2.5 million merchant
 locations and more than 1,400 card issuers.  Additionally, VeriSign will
 integrate First Data's patented VirtualApp technology, an online merchant
 account application and decisioning tool, into its merchant payments platform
 and will also market First Data's payment processing services to its
 customers, including its substantial domain name customer base.
     "Whether building new online marketplaces or reengineering existing
 supply-chain processes, businesses of all sizes will continue to migrate their
 mission-critical processes online," said Stratton Sclavos, president and
 CEO of VeriSign.  "By leveraging the combined strengths of VeriSign and
 eONE Global, backed by First Data Corp., customers will be able to leverage a
 highly scalable solution set for Internet authentication, payments and
 transaction validation."
     As part of the agreement, eONE Global and its operating companies,
 including SurePay, will use VeriSign's range of Internet trust services,
 including managed PKI services and website digital certificates.
     "eONE Global's focus is accelerating the development and adoption of new
 payment technologies.  That's what this agreement with VeriSign is all about,"
 said Garen Staglin, president and CEO of eONE Global, which focuses on the
 business and consumer as well as the government payments sectors.  "We believe
 SurePay is the premier product suite for exchanges, enterprises, financial
 institutions and other organizations integrating a payments solution.  Instead
 of having to manage many different relationships, now it's just one."
     The SurePay payments solution, to be marketed by both SurePay and
 VeriSign, is an end-to-end online offering targeted at enterprises, public and
 private B2B exchanges, net market makers, systems integrators and other
 technology companies.  Leveraging First Data's expertise and processing
 technology, the SurePay solution is an integrated suite of products that will
 include:  Registration, authentication, trade financing, secure payments
 processing and settlement, and customizable reporting, which can be seamlessly
 integrated into an enterprise's or exchange's existing software.
     SurePay and VeriSign will also jointly develop tools to enable developers
 to integrate SurePay's B2B solution with third-party point solutions in order
 to route information and payment data between relevant parties in an XML
 format.  SurePay will continue to pursue its strategy of partnering with
 financial institutions and point-solution providers to complement and complete
 its end-to-end offering.
     Ric Duques, chairman and CEO of First Data and chairman of the eONE Global
 board, said, "What's most important here is that leading industry players are
 coming together, bringing their respective 'best in class' offerings to fuel
 both the growth of the business to business as well as online commerce between
 merchants and consumers.  Instead of searching for what is the 'right'
 solution, those financial institutions and third-party providers, we believe,
 will have unquestionably the leading 'industry' solution."
 
     About VeriSign
     VeriSign, Inc. is the leading provider of trusted infrastructure services
 to Web sites, enterprises, electronic commerce service providers and
 individuals.  The company's domain name, digital certificate and payment
 services provide the critical Web identity, authentication and transaction
 infrastructure that online businesses require to conduct secure e-commerce and
 communications.  VeriSign's services are available through its Web site
 (www.verisign.com) or through its direct sales force and reseller partners
 around the world.
 
     About eONE Global
     As the leading source for accelerating payment innovation, eONE Global, LP
 (www.eoneglobal.com) identifies, develops, and operates emerging payment
 systems and related Internet and wireless technologies spanning the business,
 government and consumer markets.  Its operating companies include SurePay, LP
 (www.surepay.com), which provides end-to-end payment and security products for
 companies and consumers buying and selling over the Internet, as well as
 govONE Solutions, LP (www.govONEsolutions.com), which enables businesses and
 consumers to make government payments electronically.  eONE Global is owned by
 global e-commerce and payment services leader First Data Corp. and iFormation
 Group, a company created by The Boston Consulting Group, General Atlantic
 Partners, LLC and The Goldman Sachs Group.
 
     About SurePay
     SurePay, LP provides complete, end-to-end payment, trust and security
 products and services for Internet B2B, B2C and Mobile Commerce markets on a
 global scale.  Leveraging the leadership position of its founder, First Data,
 in payments processing, SurePay develops and delivers trusted, secure payment
 solutions for businesses and consumers buying and selling on the Internet.
 SurePay is a central operating company within the eONE Global network of
 payment companies and technologies.  Headquartered in Melville, NY, SurePay
 has access to the powerful transaction processing and distribution resources
 of First Data Corporation throughout the world.  For more information visit
 www.surepay.com.
 
     About First Data Corp.
     Atlanta-based First Data Corp. is a global leader in electronic commerce
 and payment services.  Serving more than 2.5 million merchant locations, more
 than 1,400 card issuers and millions of consumers, First Data makes it easier,
 faster and more secure for people and businesses to buy goods and services,
 using virtually any form of payment:  credit, debit, stored-value card or
 check at the point-of-sale, over the Internet or by money transfer.  For more
 information, please visit the company's Web site at www.firstdata.com.
 
     About iFormation Group
     IFormation Group is a company created by The Boston Consulting Group,
 General Atlantic Partners and Goldman Sachs to carve new ventures out of
 traditional companies in partnership with the Global 2000.  iFormation teams
 with industry leaders to acquire, develop and build new Internet and
 technology ventures that leverage the corporate partners' legacy assets.  For
 more information, please visit the company's Web site at
 www.iformationgroup.com.
 
     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, VeriSign's limited operating history under its current business
 structure, uncertainty of future revenue and profitability and potential
 fluctuations in quarterly operating results, increased competition, risks
 associated with the company's international business and risks related to
 potential security breaches.  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, especially in
 the company's Annual Report on Form 10-K for the year ended December 31, 2000.
 VeriSign undertakes no obligation to update any of the forward-looking
 statements after the date of this press release.
 
     NOTE:  VeriSign is a registered trademark of VeriSign, Inc.  PayFlow is a
 trademark of VeriSign, Inc.  Other names may be trademarks of their respective
 owners.
 
 

SOURCE VeriSign, Inc.
    MOUNTAIN VIEW, Calif. and NAPA, Calif., April 5 /PRNewswire/ --
 VeriSign, Inc. (Nasdaq:   VRSN), the leading provider of Internet trust
 services, and eONE Global LP, a leader in emerging payment technologies for
 Internet and wireless applications, today announced that they have signed a
 strategic agreement to co-market each other's products and services as well as
 co-develop solutions to increase secure payment options for a broad range of
 businesses engaged in e-commerce.  As part of the overall agreement, and to
 cement this important alliance, VeriSign intends to make a $20 million equity
 investment in eONE Global and its SurePay business.
     VeriSign and eONE Global, through eONE's operating company SurePay, LP,
 will integrate their respective B2B solutions to deliver and co-market a "best
 of breed" offering via SurePay's patent-pending end-to-end payment solution to
 business-to-business exchanges, enterprises and financial institutions, and
 will jointly market VeriSign's PayFlow managed payment services to online
 merchants.  SurePay, an Internet gateway services provider for First Data
 Corp. (NYSE:   FDC), will market VeriSign's managed payment gateway, as
 SurePay's premier payment gateway offering, to First Data's financial
 institution clients and other distribution partners.  As the majority owner of
 eONE Global, e-commerce and payment services leader First Data has extensive
 distribution channels including relationships with 2.5 million merchant
 locations and more than 1,400 card issuers.  Additionally, VeriSign will
 integrate First Data's patented VirtualApp technology, an online merchant
 account application and decisioning tool, into its merchant payments platform
 and will also market First Data's payment processing services to its
 customers, including its substantial domain name customer base.
     "Whether building new online marketplaces or reengineering existing
 supply-chain processes, businesses of all sizes will continue to migrate their
 mission-critical processes online," said Stratton Sclavos, president and
 CEO of VeriSign.  "By leveraging the combined strengths of VeriSign and
 eONE Global, backed by First Data Corp., customers will be able to leverage a
 highly scalable solution set for Internet authentication, payments and
 transaction validation."
     As part of the agreement, eONE Global and its operating companies,
 including SurePay, will use VeriSign's range of Internet trust services,
 including managed PKI services and website digital certificates.
     "eONE Global's focus is accelerating the development and adoption of new
 payment technologies.  That's what this agreement with VeriSign is all about,"
 said Garen Staglin, president and CEO of eONE Global, which focuses on the
 business and consumer as well as the government payments sectors.  "We believe
 SurePay is the premier product suite for exchanges, enterprises, financial
 institutions and other organizations integrating a payments solution.  Instead
 of having to manage many different relationships, now it's just one."
     The SurePay payments solution, to be marketed by both SurePay and
 VeriSign, is an end-to-end online offering targeted at enterprises, public and
 private B2B exchanges, net market makers, systems integrators and other
 technology companies.  Leveraging First Data's expertise and processing
 technology, the SurePay solution is an integrated suite of products that will
 include:  Registration, authentication, trade financing, secure payments
 processing and settlement, and customizable reporting, which can be seamlessly
 integrated into an enterprise's or exchange's existing software.
     SurePay and VeriSign will also jointly develop tools to enable developers
 to integrate SurePay's B2B solution with third-party point solutions in order
 to route information and payment data between relevant parties in an XML
 format.  SurePay will continue to pursue its strategy of partnering with
 financial institutions and point-solution providers to complement and complete
 its end-to-end offering.
     Ric Duques, chairman and CEO of First Data and chairman of the eONE Global
 board, said, "What's most important here is that leading industry players are
 coming together, bringing their respective 'best in class' offerings to fuel
 both the growth of the business to business as well as online commerce between
 merchants and consumers.  Instead of searching for what is the 'right'
 solution, those financial institutions and third-party providers, we believe,
 will have unquestionably the leading 'industry' solution."
 
     About VeriSign
     VeriSign, Inc. is the leading provider of trusted infrastructure services
 to Web sites, enterprises, electronic commerce service providers and
 individuals.  The company's domain name, digital certificate and payment
 services provide the critical Web identity, authentication and transaction
 infrastructure that online businesses require to conduct secure e-commerce and
 communications.  VeriSign's services are available through its Web site
 (www.verisign.com) or through its direct sales force and reseller partners
 around the world.
 
     About eONE Global
     As the leading source for accelerating payment innovation, eONE Global, LP
 (www.eoneglobal.com) identifies, develops, and operates emerging payment
 systems and related Internet and wireless technologies spanning the business,
 government and consumer markets.  Its operating companies include SurePay, LP
 (www.surepay.com), which provides end-to-end payment and security products for
 companies and consumers buying and selling over the Internet, as well as
 govONE Solutions, LP (www.govONEsolutions.com), which enables businesses and
 consumers to make government payments electronically.  eONE Global is owned by
 global e-commerce and payment services leader First Data Corp. and iFormation
 Group, a company created by The Boston Consulting Group, General Atlantic
 Partners, LLC and The Goldman Sachs Group.
 
     About SurePay
     SurePay, LP provides complete, end-to-end payment, trust and security
 products and services for Internet B2B, B2C and Mobile Commerce markets on a
 global scale.  Leveraging the leadership position of its founder, First Data,
 in payments processing, SurePay develops and delivers trusted, secure payment
 solutions for businesses and consumers buying and selling on the Internet.
 SurePay is a central operating company within the eONE Global network of
 payment companies and technologies.  Headquartered in Melville, NY, SurePay
 has access to the powerful transaction processing and distribution resources
 of First Data Corporation throughout the world.  For more information visit
 www.surepay.com.
 
     About First Data Corp.
     Atlanta-based First Data Corp. is a global leader in electronic commerce
 and payment services.  Serving more than 2.5 million merchant locations, more
 than 1,400 card issuers and millions of consumers, First Data makes it easier,
 faster and more secure for people and businesses to buy goods and services,
 using virtually any form of payment:  credit, debit, stored-value card or
 check at the point-of-sale, over the Internet or by money transfer.  For more
 information, please visit the company's Web site at www.firstdata.com.
 
     About iFormation Group
     IFormation Group is a company created by The Boston Consulting Group,
 General Atlantic Partners and Goldman Sachs to carve new ventures out of
 traditional companies in partnership with the Global 2000.  iFormation teams
 with industry leaders to acquire, develop and build new Internet and
 technology ventures that leverage the corporate partners' legacy assets.  For
 more information, please visit the company's Web site at
 www.iformationgroup.com.
 
     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, VeriSign's limited operating history under its current business
 structure, uncertainty of future revenue and profitability and potential
 fluctuations in quarterly operating results, increased competition, risks
 associated with the company's international business and risks related to
 potential security breaches.  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, especially in
 the company's Annual Report on Form 10-K for the year ended December 31, 2000.
 VeriSign undertakes no obligation to update any of the forward-looking
 statements after the date of this press release.
 
     NOTE:  VeriSign is a registered trademark of VeriSign, Inc.  PayFlow is a
 trademark of VeriSign, Inc.  Other names may be trademarks of their respective
 owners.
 
 SOURCE  VeriSign, Inc.

RELATED LINKS

http://www.firstdatacorp.com