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VeriSign Inks Deal

VeriSign inks partnership to provide passwords on credit cards

MOUNTAIN VIEW, Calif. -- VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, and Innovative Card Technologies, Inc. (NASDAQ: INVC), developers of the ICT DisplayCard for e-banking, e-commerce and data access authentication, today announced an agreement that will make it easier than ever for financial services providers and retailers to issue and accept payment cards embedded with one-time-password (OTP) authentication to protect their online transactions from e-fraud.

Now companies that fortify their online commerce applications with VeriSign Identity Protection (VIP) can leverage the ICT DisplayCard, a revolutionary new “smarter” payment card with built-in identity authentication. The ICT DisplayCard integrates the security of a one-time password token into a card the size of a standard credit or debit card. At the push of a button on the back of the card, an integrated display shows a password that changes with every transaction. During an online transaction, this number is entered into a user interface with other information (such as the user’s static PIN and login name) for multifactor authentication.

By integrating the ICT DisplayCard with VIP, the two companies will add a convenient, portable and user-friendly new token form factor to the VeriSign’s growing authentication network.

“For businesses to inoculate themselves against online fraud, they must make it convenient for consumers to authenticate their identity with every transaction,” said Fran Rosch, vice president, Authentication Services, VeriSign. “Integrating the ICT DisplayCard with VIP gives our customers more protection than ever, and illustrates VeriSign’s commitment to offering the latest methods of authentication in form factors that accommodate the way consumers live.”

VeriSign Inc. (Nasdaq: VRSN)

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