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FIRST DATA CORP
First Data Corp. (NYSE: FDC) is a global leader in electronic commerce and payment services. FDC serves approximately 2.8 million merchant locations, 1,400 card issuers and millions of consumers. FDC makes it easier, faster and more secure for people and businesses to buy goods and services using virtually any form of payment.
Client Opportunity
First Data Corporation set out to address the financial industry's requirements for a scaleable and cost-effective e-payment solution. The result was the development of an authentication system with powerful applications for high performance security that capitalizes on the flood of e-signature legislation targeted at popular e-commerce and electronic government initiatives. First Data formed First aSuretee LLC with the objective of creating a set of innovative technologies that would enable enterprises and government agencies to implement an Account Based Digital Signature (ABDSSM) solution - a revolutionary approach to electronic digital signature that for the first time leverages a business's existing account information to identify and authenticate online users.
Niteo's Solution
First Data came to Niteo Partners soon after First aSuretee's formation to create the technical designs, software, and implementation tools for the aSuretee solution. FDC selected Niteo Partners due to Niteo's understanding of the market and it's strong technology, strategy, design and engineering skills to implement the aSuretee solution. (This first business relation between FDC and Niteo Partners developed primarily from our joint interests in fostering the development of open but strong security standards through the International Organization for Standardization - ISO). In addition, Niteo Partners had strong relationships with marquee clients in the financial industry, one of the most promising markets for aSuretee solutions.
Niteo helped FDC launch First aSuretee LLC to roll out a set of identity and authentication technologies that enable businesses to benefit from strong security without the complex infrastructures and costs of previous systems. Niteo and FDC developed aSureteeSM Technologies, a suite of standards-based, high-security tools for business applications and devices that operate over any kind of network.
Specifically, Niteo delivered the following:
- Logical architecture for the operational components of aSuretee
- Core infrastructure components needed by First aSuretee to support commercial aSuretee offerings through a Web services interface with identity management of service subscribers
- Technical specifications, open source code and reference implementations of identity management, XML security and e-commerce applications of aSuretee technology
- A pool of developers intimately familiar with the aSuretee technology, ready to assist clients and original equipment manufacturers in integrating aSuretee services into their own applications and systems
Client Result
FDC now has a product and service offering for highly trusted applications in financial services, healthcare, and government to protect customer identity and enterprise digital assessments. Niteo and FDC have accomplished all of their goals to date and have started a marketing campaign to build end user systems.
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