Digistamp signs strategic partnership with European trust centrer Eurosigncard to safeguard monetary transactions in financial sector

CHICAGO, IL. and LUXEMBOURG CITY, LUXEMBOURG, March 13, 2001 - EuroSignCard and DigiStamp, Inc. join forces to bring next generation electronic transaction validation to European banking communities with a trusted third-party time stamping focus. The partnership will add to EuroSignCard’s trust center array of security technologies with time-stamping services that are interoperable and available today.
EuroSignCard S.A., a Luxembourg trust center, and DigiStamp, Inc., a security system firm/provider, have announced a strategic partnership to provide the next generation of trusted services to financial transactions; that of trusted third party time stamping services. This partnership expedites the delivery of secure Internet-based transactions using PKI solutions. The DigiStamp product suite gracefully becomes part of the public key infrastructure (PKI) to provide trusted time stamping to financial transactions. Coupled as an ensemble to a trust center, which validates an individual's identity, time stamping "captures" the transaction and assigns a time element to it. The partnership provides EuroSignCard a new competitive advantage with an interoperable and scalable time stamp service and DigiStamp access to the European market with a leader in trust services.
"Our customers are moving millions of euros in transactions between financial institutions via the Internet; absolute legal certainty as to the time and place the parties entered the transaction is critical. DigiStamp has an open standards based toolkit to provide our developers with just such services," commented David Sweigert, Managing Director of EuroSignCard S.A.
"We are especially pleased that a European trust center, like EuroSignCard, has been able to move quickly to provide secure time stamps. We anticipate rapid growth of interest in our products as world markets demand critical, trusted third-party time stamping services," said Conrad Deeter, of DigiStamp.
About EuroSignCard S.A. Headquartered in Luxembourg, EuroSignCard S.A. provides security technology for electronic transactions to commercial and government organizations. EuroSignCard’s products include Public Key Infrastructure (PKI) architectures, smart cards, and cryptography techniques. EuroSignCard was formed in 1999 and recently received a cash infusion of Euro 1,500,000 in July, 2000. The firm specializes in technology that complies with EU Directive 1999/93. Corporate web site: www.trusttheweb.com or www.eurosigncard.com.
About DigiStamp
DigiStamp, the Trusted Third-Party Time Stamp Authority, combines the accepted standards for digital signatures and the Internet to safely provide users a type of electronic notary for irrefutable proof that their digital data has not been altered nor backdated. DigiStamp is trusted and used around the world supporting a variety of user's computers, including Windows, MAC, Unix, and Sun Solaris. DigiStamp’s Internet-based services provide digital time stamps for all types of organizations managing e-commerce, electronic court submissions, intellectual property, and medical records integrity. Learn more about services and FAQ by visiting the web site www.e-TimeStamp.com or www.DigiStamp.com.