VeriSign Introduces Next-Generation Internet Trust Services

New User Provisioning, 2nd Generation PKI, Enhanced Entitlement and Trade

Settlement Services All Designed to Move Complexity to the Network

Infrastructure



Apr 10, 2001, 01:00 ET from VeriSign, Inc.

    RSA(R) CONFERENCE, SAN FRANCISCO, April 10 /PRNewswire/ --
 VeriSign, Inc. (Nasdaq:   VRSN), the leading provider of Internet trust
 services, today announced its next-generation Internet trust services,
 designed to enable enterprises to rapidly deploy trusted applications tied to
 a globally-interoperable trust infrastructure.  VeriSign's new services
 include managed user provisioning, 2nd-generation PKI, enhanced entitlements
 management, and end-to-end trade settlement services -- all accessible through
 XML interfaces to a utility-like managed services platform. These new services
 are being introduced in conjunction with today's announcement of the
 standardization initiative for the XML Key Management Specification (XKMS) by
 VeriSign, Microsoft, webMethods and a wide range of industry supporters
 (see related release dated April 10, 2001).
     "In order for e-commerce to continue its momentum, enterprises must be
 primed to deploy more applications, tied to many more users, and connected to
 many more trading partners," said Stratton Sclavos, president & CEO of
 VeriSign.  "By taking the complexity away from both the desktop and the
 application, our new generation of trust services will allow enterprises to
 expand their existing Internet initiatives while also enabling a whole new
 class of applications such as digital rights management, peer-to-peer
 communications and dynamic collaboration."
     VeriSign's next generation of Internet trust services will revolutionize
 the way users incorporate trust services into their existing applications and
 emerging web services by enabling integration through simple and open XML
 interfaces while avoiding the need for specialized software toolkits.  The new
 services include:
 
     -- User Provisioning Services -- Developed in conjunction with Access360,
        "Access360.net powered by VeriSign" is a trusted managed service which
        enables businesses to automate the increasingly complex process of
        connecting employees, business partners and customers to the internal
        and external information resources they need (see related release,
        "VeriSign and Access 360 Partner to Create a New Class of User
        Provisioning Services" dated April 10, 2001).
     -- 2nd-Generation PKI -- VeriSign's next-generation public key
        infrastructure (PKI) service enables enterprises to delegate critical
        yet complex functions such as key management and validation to
        VeriSign's carrier-class trust infrastructure. Based on the
        industry-supported XKMS specification, this service moves functions
        such as digital certificate processing, revocation status checking, and
        certification path location and validation -- previously built into
        applications via proprietary toolkits -- to the network, making them
        easily accessible via standard XML interfaces. The XKMS architecture
        provides a complete framework for ensuring broad interoperability
        across applications developed by enterprises, B2B exchanges regardless
        of the PKI systems used within these Internet communities of interest.
     -- Enhanced Entitlements -- In addition to bundling policy management
        solutions from Netegrity with VeriSign's digital certificate and online
        authentication services, VeriSign's Entitlements Management Service has
        now been enhanced to incorporate the company's "Trust Assertion
        Framework," which is tracking the Security Assertion Markup Language
        (SAML) standardization activity in the OASIS forum. These enhanced
        services provide for trusted delivery of information such as business
        credentials, professional standing and credit ratings to authorized
        recipients conducting high-value transactions.
     -- Trade Settlement -- Developed in partnership with SurePay, VeriSign's
        new trade settlement services capitalize on the companies' leadership
        in the online payments arena by integrating VeriSign's managed digital
        certificate and entitlements services with SurePay's patent-pending
        end-to-end payment solutions (see related release, "VeriSign and eONE
        Global Partner to Deliver Integrated B2B and B2C Internet Payment
        Solutions" dated April 5, 2001). These services link online payments
        to processes such as registration, discovery and negotiation, which
        occur before the settlement stage of a business transaction.
 
     Availability
     VeriSign's 2nd-Generation XML toolkit is available today to developers by
 visiting www.verisign.com/xml/.  Access360.net, powered by VeriSign, will be
 available in Q2, 2001 as will the company's Entitlements Management Service.
 Joint Trade Settlement solutions offered by VeriSign and SurePay will be
 available in Q3, 2001.
 
     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 need to conduct secure e-commerce and
 communications. VeriSign's services are available through its website
 (www.verisign.com) or through its direct sales force and reseller partners
 around the world.
 
     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.
     VeriSign booth at RSA(R) CONFERENCE:  #709
 
 

SOURCE VeriSign, Inc.
    RSA(R) CONFERENCE, SAN FRANCISCO, April 10 /PRNewswire/ --
 VeriSign, Inc. (Nasdaq:   VRSN), the leading provider of Internet trust
 services, today announced its next-generation Internet trust services,
 designed to enable enterprises to rapidly deploy trusted applications tied to
 a globally-interoperable trust infrastructure.  VeriSign's new services
 include managed user provisioning, 2nd-generation PKI, enhanced entitlements
 management, and end-to-end trade settlement services -- all accessible through
 XML interfaces to a utility-like managed services platform. These new services
 are being introduced in conjunction with today's announcement of the
 standardization initiative for the XML Key Management Specification (XKMS) by
 VeriSign, Microsoft, webMethods and a wide range of industry supporters
 (see related release dated April 10, 2001).
     "In order for e-commerce to continue its momentum, enterprises must be
 primed to deploy more applications, tied to many more users, and connected to
 many more trading partners," said Stratton Sclavos, president & CEO of
 VeriSign.  "By taking the complexity away from both the desktop and the
 application, our new generation of trust services will allow enterprises to
 expand their existing Internet initiatives while also enabling a whole new
 class of applications such as digital rights management, peer-to-peer
 communications and dynamic collaboration."
     VeriSign's next generation of Internet trust services will revolutionize
 the way users incorporate trust services into their existing applications and
 emerging web services by enabling integration through simple and open XML
 interfaces while avoiding the need for specialized software toolkits.  The new
 services include:
 
     -- User Provisioning Services -- Developed in conjunction with Access360,
        "Access360.net powered by VeriSign" is a trusted managed service which
        enables businesses to automate the increasingly complex process of
        connecting employees, business partners and customers to the internal
        and external information resources they need (see related release,
        "VeriSign and Access 360 Partner to Create a New Class of User
        Provisioning Services" dated April 10, 2001).
     -- 2nd-Generation PKI -- VeriSign's next-generation public key
        infrastructure (PKI) service enables enterprises to delegate critical
        yet complex functions such as key management and validation to
        VeriSign's carrier-class trust infrastructure. Based on the
        industry-supported XKMS specification, this service moves functions
        such as digital certificate processing, revocation status checking, and
        certification path location and validation -- previously built into
        applications via proprietary toolkits -- to the network, making them
        easily accessible via standard XML interfaces. The XKMS architecture
        provides a complete framework for ensuring broad interoperability
        across applications developed by enterprises, B2B exchanges regardless
        of the PKI systems used within these Internet communities of interest.
     -- Enhanced Entitlements -- In addition to bundling policy management
        solutions from Netegrity with VeriSign's digital certificate and online
        authentication services, VeriSign's Entitlements Management Service has
        now been enhanced to incorporate the company's "Trust Assertion
        Framework," which is tracking the Security Assertion Markup Language
        (SAML) standardization activity in the OASIS forum. These enhanced
        services provide for trusted delivery of information such as business
        credentials, professional standing and credit ratings to authorized
        recipients conducting high-value transactions.
     -- Trade Settlement -- Developed in partnership with SurePay, VeriSign's
        new trade settlement services capitalize on the companies' leadership
        in the online payments arena by integrating VeriSign's managed digital
        certificate and entitlements services with SurePay's patent-pending
        end-to-end payment solutions (see related release, "VeriSign and eONE
        Global Partner to Deliver Integrated B2B and B2C Internet Payment
        Solutions" dated April 5, 2001). These services link online payments
        to processes such as registration, discovery and negotiation, which
        occur before the settlement stage of a business transaction.
 
     Availability
     VeriSign's 2nd-Generation XML toolkit is available today to developers by
 visiting www.verisign.com/xml/.  Access360.net, powered by VeriSign, will be
 available in Q2, 2001 as will the company's Entitlements Management Service.
 Joint Trade Settlement solutions offered by VeriSign and SurePay will be
 available in Q3, 2001.
 
     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 need to conduct secure e-commerce and
 communications. VeriSign's services are available through its website
 (www.verisign.com) or through its direct sales force and reseller partners
 around the world.
 
     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.
     VeriSign booth at RSA(R) CONFERENCE:  #709
 
 SOURCE  VeriSign, Inc.