back
VeriSign Continues to Leverage Strength in Mobile Content Delivery and Mobile Messaging to Enable Banks to Offer Superior Mobile Banking Experience to Their Customers
Mountain View and Novato, Calif. – September 24, 2007 – VeriSign, Inc. (NASDAQ: VRSN) the leading provider of digital infrastructure for the networked world, and ClairMail, Inc., the leader in 2-way mobile phone-based customer interaction, today announced that VeriSign will integrate ClairMail’s secure 2-way mobile customer interaction platform and applications with the VeriSign® Mobile Banking Solution. The integration agreement is part of a global technology solution alliance between the two companies.
The agreement reflects VeriSign’s strategy to meet the changing needs of financial institutions by leveraging its global infrastructure for mobile messaging and content delivery. ClairMail’s scalable platform and breakthrough technology combined with VeriSign’s messaging and operations infrastructure will facilitate bringing this revolutionary solution to market rapidly, benefiting financial institutions of all sizes.
“VeriSign is the leader in trusted managed services for ecommerce, security and financial services customers. We are confident that their world class messaging and operations infrastructure will enable banks, credit card issuers and brokerage customers to accelerate the use of the mobile device as a channel for 2-way customer interaction,” said Joseph Salesky, CEO of ClairMail. “This partnership enables a broad feature set for mobile banking to be delivered to a wide set of financial institutions in an on-demand, trusted managed service.”
Incorporating ClairMail’s platform and applications enables the VeriSign Mobile Banking Solution to support the “triple play” of mobile interface types: messaging (SMS and email), mobile web and native client applications. Support of these interface types enables financial institutions to offer reliable, secure and easy-to-use mobile services to their customers on a wide range of handsets. The joint solution securely and cost-effectively integrates with a financial institution’s systems of record and enables a broad set of 2-way services on one platform with a single implementation, including account management, fraud mitigation, actionable alerts, mobile payments, marketing campaigns and no-hold customer service.
“Since launching the VeriSign Mobile Banking Solution in March, we’ve sought differentiated offerings that dovetail with our solution strategy by creating a true competitive advantage for financial institutions,” said Brian Matthews, vice president, enterprise solutions, VeriSign. “We chose to work with ClairMail because their approach met VeriSign’s stringent requirements for scalability, reliability and security. Together, we can enable financial institutions to develop cost-saving efficiencies, while helping them build loyal, lasting relationships with their customers.”
“Simple user experience, security, flexible architecture and broad device support are critical components for an effective mobile banking and payments solution,” said Bob Egan, chief analyst & research area director, TowerGroup. “Mobility drives digital/electronic commerce services to the absolute domain of the individual, 24x7, right here, right now. Banks who demonstrate market leadership will deploy secure, real-time multi-modal solutions.”
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates digital infrastructure services
that enable and protect billions of interactions every day across the
world’s voice and data networks. Additional news and information about
the company is available at www.verisign.com.
About ClairMail
ClairMail optimizes any mobile phone for 2-way customer interaction.
Only the ClairMail System offers mobile banking and payments applications
that utilize any phone's existing messaging and mobile web software
and extend the capabilities of third-party native client applications.
On one platform with a single implementation, ClairMail empowers financial
institutions to provide their customers with easy and immediate 2-way
access to secure information, account management, no-hold customer service
and Actionable Alerts™. Unlike other proprietary and inflexible point
solutions, the ClairMail System is a standards-based offering that securely
integrates with existing systems, delivering rapid time to value and
providing an alternative to more costly channels like call centers and
IVR. Founded in 2004, ClairMail is headquartered in Novato, Calif. The
company is privately held and funded by Norwest Venture Partners, Outlook
Ventures and JAFCO Ventures. For more information call (415) 884-7270
or visit www.clairmail.com.
VeriSign Media Relations: Allison Flerl, 650-452-4867, aflerl@verisign.com
VeriSign Investor Relations: Nancy Fazioli, 650-426-5146, nfazioli@verisign.com
ClairMail Media Contact: Gavin Skillman or Jeremy
Frank;
415-625-8555, ClairMail@launchsquad.com
Trademarks
VeriSign, the VeriSign logo, the checkmark circle and “Where it all
comes together” and other trademarks, service marks and designs are
registered or unregistered trademarks of VeriSign, Inc., and its subsidiaries
in the United States and foreign countries. Other names may be trademarks
of their respective owners.
Forward-Looking Statement
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 risk that VeriSign's announced strategic
relationships, including the relationship described herein, may not
result in additional products, services, 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, 2006 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.
###