Jim Goodrick (15 Feb 2006)
"VeriSign: VIP Shopping Online"


 
Good Morning All,

As you know the 666 financial System is a gradual System. The following news items
show how Online Shopping will need to be accompanied with a USB flash hardrive.
The next step of course is the subdermal chip.
The following  explains the two-factor ID ( number and biometric)
www.cybertime.net/~ajgood/verification.html

The Banks are implementing the System now, and it will be consumer ready by this
summer of 2006.

In Him,
Jim Goodrick

* * * * * *


VeriSign introduces VeriSign VIP authentification --Feb. 14
VIP will allow consumers to use a single security device to authenticate themselves
across any future VIP-enabled Web site of network members, such as PayPal, eBay or Yahoo!.
VIP will make it simpler and more cost-effective for online companies such as financial
institutions, ISPs or e-commerce sites to implement stronger authentication by leveraging
a shared infrastructure and enabling everyday devices to become authentication devices.
http://www.noticias.info/asp/aspComunicados.asp?nid=146579&src=0

SanDisk and RSA Security and VeriSign and Safend -- Feb 14
The partnerships include: VeriSign, the leading provider of intelligent infrastructure services
for Internet and telecommunications networks; RSA Security Inc., experts in protecting online identities and digital assets; and Safend which offers software that controls data access from
the physical ports of all enterprise endpoints.

The first two of these partnerships will enable consumer-friendly, two-factor authentication
(based on something you know such as a password or PIN and something you have, such as
a USB flash
drive) for end users who purchase SanDisk mass-storage devices at retail outlets
and then use them at VeriSign or RSA SecurID®-enabled web sites such as auction houses,
and banks and other financial institutions. The generic term for a device with this functionality
is called a token.
We at VeriSign are excited that consumers will soon be able to purchase SanDisk’s flash
storage drives and cards at their nearest retailer to use across the VeriSign Identity Protection shared authentication network” said Nico Popp, vice president, Authentication Services,
VeriSign Security Services.

http://www.cameratown.com/news/news.cfm/hurl/id%7C2284  

Support for VIP authentication
But the greater opportunity for VeriSign may be in the US financial services market, where FFIEC regulations will oblige online banks to use strong authentication by the end of the year.
We hope to be able to announce financial institutions [as customers]
within the coming days and weeks," said Nico Popp, vice president of authentication services at VeriSign. He said that some banks are "in very advanced stages" of negotiation.

All manner of token formats will be supported. While Paypal has not decided what form factor to use yet, it will get to choose from the traditional hard key-fob token, USB devices, smart cards and soft tokens that can be installed on PCs or cell phones
VeriSign will also announce partnerships with SanDisk Inc and Motorola Inc as part of the VIP announcement. Motorola has agreed to make its phones compatible with the service, while SanDisk will put tokens on flash cards used in cell phones.

http://www.cbronline.com/article_news.asp?guid=B33E3D4F-BF69-4813-A0C3-69F674E24BBF
and
http://www.letsgodigital.org/en/news/articles/story_6350.html

Every Finacial Transaction
If someone carries a Visa, a Mastercard, and an Amex, not a single one of those companies has all of that person's information. Verisign might be hired to do no more than verify identities, but it will also be maintaining a record of every transaction someone makes—including banking, credit cards, bill payments, purchases, etc. Multiply that single person by millions or more and Verisign will be in a position that perhaps no other company now enjoys. How much power does that give them? And how much power does it give the group that successfully hacks VIP?If someone carries a Visa, a Mastercard, and an Amex, not a single one of those companies has all of that person's information. Verisign might be hired to do no more than verify identities, but it will also be maintaining a record of every transaction someone makes—including banking, credit cards, bill payments, purchases, etc. Multiply that single person by millions or more and Verisign will be in a position that perhaps no other company now enjoys. How much power does that give them? And how much power does it give the group that successfully hacks VIP?

http://arstechnica.com/news.ars/post/20060213-6174.html