UFJ Card is the card division of UFJ Bank, created through the merger of Sanwa bank and Tokai bank. UFJ Bank is considered one of Japan’s “Big Four” banks, and as one of the world’s largest financial institutions, with over $700 billion in assets in 2001.

“We are honored to provide UFJ Bank with our hosted Verified by Visa service,” said Naftali Bennett, Cyota CEO, “We have designed our suite of products to meet the specific needs of the Japanese market. Intelligent Wave Inc, our strategic partner in Japan, plays a key role in our success to bring Cyota’s vast experience in providing services to major US and European issuers, into the Japanese market”.

UFJ’s service is provided through Intelligent Wave Inc. (IWI), Cyota’s partner in Japan. Triangle Technologies Ltd., which has helped form numerous strategic alliances in Japan for its clients, assisted in signing the distribution agreement between Cyota and Intelligent Wave Inc.

SecureSuite has already been implemented by seven of the world’s largest issuers, and is available as a hosted or non-hosted solution. SecureSuite is the first integrated online payment security platform of its kind, designed to seamlessly combine a wide range of authentication and credit card security products including Verified by Visa, MasterCard SecureCode and Cyota’s surrogate number solution SecureClick, into a single user experience. SecureSuite allows banks, with a single installation, to offer consumers a unified front end that supports association standards, payment security and transaction products. This risk-free approach helps issuers start a payment initiative without any integration efforts or IT investment in equipment.

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