NEW YORK--(BUSINESS WIRE)--July 22, 2002--Cyota, a leading payment security company, has been selected by Credit Saison, one of Japan's top five card issuers with over10 million cardholders, to provide the Verified by Visa (3D Secure) Internet payment security technology to its Visa card members.

Credit Saison's Verified by Visa program is one of the first large scale commercial implementations of Visa's new program in Japan. Cyota SecureVbV, part of Cyota's SecureSuite platform, is a Verified by Visa - compliant solution that reduces fraud by authenticating cardholders and producing online purchase receipts for their approval.

Cyota's SecureSuite platform is a global solution offered to issuers worldwide and localized to meet the special requirements of every region. SecureSuite is either installed in-house at the issuer's data center or offered as a hosted service from global facilities located in the US, UK and Japan. Credit Saison will be using the Japanese version of the software, offered and supported by Cyota's partner in Japan, Intelligent Wave Inc. (IWI). Triangle Technologies Ltd., a leading business development advisory firm for non-Japanese firms in the Japanese market, played a key role in developing Cyota's partnership agreement with IWI.

"We are honored to provide Credit Saison 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".

SecureVbV has been implemented by several large issuers worldwide, and is available as a hosted or non-hosted solution. SecureVbV is part of Cyota SecureSuite(TM), 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 SPA 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.

About Cyota

Cyota is the leading payment security provider for financial institutions. Cyota SecureSuite is the only integrated payment security platform, designed to seamlessly integrate a wide range of credit and debit card security solutions including Verified by Visa, MasterCard SPA, surrogate numbers and more, into a single, consistent and cost-effective solution. Cyota services multiple clients in North America, Europe and Asia-Pacific with systems currently available to over 300 million cardholders. Founded in 1999, Cyota is headquartered in New York with offices worldwide. Cyota is led by a respected management team with extensive experience in the security, Internet and banking industry. For more information please visit www.cyota.com

Click here for the Japanese version: Yahoo! Finance