SecureKey Technology To Be Deployed in Intel® Identity Protection Technology

TORONTO, Jan. 10, 2012 /PRNewswire via COMTEX/ -- Global agreement provides deployment of SecureKey's online authentication and payment solutions on Intel® Ultrabook™ devices starting in 2H of 2012

SecureKey Technologies today announced that Intel Corporation will utilize SecureKey's authentication technology as part of Intel® Identity Protection Technology (IPT) beginning on Ultrabook devices with third generation Intel® Core™ technology (code named "Ivy Bridge"). The agreement provides SecureKey with an opportunity to greatly expand the number of devices that will be preconfigured to support SecureKey's authentication, identity and payment solutions.

"We are excited about working with Intel at the very core of their Intel IPT and NFC technology to enable a broad range of solutions for electronic commerce and online authentication," said Greg Wolfond, CEO of SecureKey Technologies Inc. "The solutions we are deploying, including 'tap-to-pay' and 'tap-to-authenticate', use real-world payment and identity credentials which people know and understand to enhance online security and payments in a simple and convenient manner."

The use of NFC-based contactless cards is growing rapidly as a global standard to enhance security and privacy, as well as reduce identity theft and fraud. By embedding its technology in mobile computing devices, SecureKey allows consumers and business to securely access online services and affect payments online simply by tapping these cards and on their NFC-enabled devices. Working with device or cloud-based digital wallets, SecureKey can also provide secure proxies to stored credentials, making the online experience even more seamless.

"Intel Identity Protection Technology provides users of Ultrabook devices and future generations of Intel-based devices with a more secure and convenient e-commerce experience," said George Thangadurai, general manager, Intel PC Client Services Group. "Intel looks forward to collaborating with SecureKey to provide innovative solutions for consumers and businesses."

Working with Intel, SecureKey technology can be used by devices that support the U.S. Government's National Strategy for Trusted Identities in Cyberspace (NSTIC) and Canada's Federated Identity Management, which promote interoperability of security credentials to lower costs, improve convenience for consumers and build a more secure ecosystem for online payments and authentication for consumers and business. SecureKey was recently awarded a contract by the Government of Canada, which will allow Canadians to use their bank authentication credentials to obtain access to online government services.

About SecureKey Technologies Inc. SecureKey develops innovative hardware and software solutions that extend the power of chip-based identity and payment credentials to online and mobile transactions. With SecureKey, financial institutions, health care providers and government organizations can offer their online customers the convenience and security of ' tap to authenticate' and 'tap to pay' services. SecureKey is a privately held company with offices in Toronto, Ontario.

SOURCE Secure Key Technologies Inc.

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