Diversinet Corp. News
Diversinet Enables New Consumer Mobile Services From Intersections Inc.
Over the next twelve months, Diversinet expects to receive cash payments totaling a minimum of
"Secure mobile platforms are increasingly being seen as a convenient way for consumers to keep vigilant watch over all aspects of their identity, offering Intersections an opportunity to bring valuable new service offerings that take advantage of these devices, especially for the frequent traveler and mobile worker," said
Once installed on the customer's mobile device, MobiSecure Wallet offers Intersections the flexibility to launch new service offerings on the fly with no additional programming on the client device. After a customer has registered and authenticated themselves, whatever personal information they see on the mobile screen is stored securely on their mobile device, eliminating the inconvenient and time-consuming task of repeatedly retrieving the information from a remote server every time they want it. And like a TV remote, a MobiSecure-enabled mobile device can also be used to point to and transmit various personal documents, files and information directly from the server-based MobiSecure Vault by fax, email and SMS.
"MobiSecure Wallet and Vault was designed to enable organizations with large constituencies to have a closer, more secure relationship with their members, and our agreement with Intersections validates the usefulness and power of our solution," said Albert Wahbe, CEO of Diversinet. "In designing our two-factor authentication products and services we wanted to create a disruptive technology that would dramatically lower the cost and complexity of providing secure mobile access to the personal information that people use every day to support their lifestyle."
More than five million consumers currently access Intersections' family of products and services through marketing partnerships with organizations that include many of North America's leading financial institutions, associations, insurance companies and Web-based businesses who already use Intersections' services, often under their own private labels, to offer value-added credit management and identity theft prevention benefits to their members.
The MobiSecure Wallet and Vault utilize Diversinet's MobiSecure soft token technology and MobiSecure strong authentication for a fully automated, standards-based, strong authentication solution that protects user identity, transactions and data by issuing a one-time password (OTP) every time the user requires authentication. Unlike current card and PIN number combinations that are used repeatedly - and are consequently less secure - an OTP-based system like MobiSecure generates a new, unique password for each transaction and access to secure personal information.
About Diversinet
Diversinet Corp. (OTCBB: DVNTF) is a leading provider of wireless authentication and access solutions that secure the personal identity, transactions and data of consumers over almost any mobile phone or handheld device. Diversinet's reliable, end-to-end OTP (one-time password) solutions enable cost-effective strong authentication and instant and secure access to critical personal records, helping businesses reduce identity theft, expand customer offerings, increase revenues and comply with regulations. Connect with Diversinet Corp. at www.diversinet.com.
MobiSecure is a trademark of Diversinet Corp. Identity Guard and Intersections are registered trademarks of Intersections Inc. All other product names are the property of their respective companies.
Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings. Such forward-looking information is made pursuant to the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation and are subject to important risks, uncertainties and assumptions that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings (including its annual report and financial statements) with the Securities and Exchange Commission and SEDAR.
SOURCE Diversinet Corp.
