Under the terms of the deal, the two companies are set to expand VeriSign’s Identity Protection (VIP) Authentication Service through the availability of RSA SecurID two-factor authentication technology for one-time password (OTP) authentication.
VIP is a managed, shared authentication service that provides its users with a single one-time password (OTP) authentication device to access multiple web portals, such as online banking platforms.
VeriSign plans to complete the integration of the RSA SecurID Authentication Engine into the VIP Authentication Service by the end of December 2009, enabling VIP customers to use RSA SecurID hardware authenticators. At that time, VeriSign will also resell RSA SecurID hardware tokens to VIP prospects and customers, and RSA will likewise resell the VIP Authentication Service to its prospects and customers.
The VIP Authentication Service implements two-factor authentication through VeriSigns cloud-based Security as a Service (SaaS) model. The VIP Authentication Service is part of a portfolio of authentication products that include PKI and SSL certificates. The RSA SecurID two-factor authentication system is used by more than 40 million people across more than 30,000 organizations worldwide to help prevent unauthorized access to corporate applications and resources.
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