IBM ANNOUNCES BUSINESS-TO-BUSINESS TRUSTED E-PAYMENTS INITIATIVE

Bangkok--Nov 23--IBM Thailand Two Japanese Banks Begin Testing Next-Generation B2B E-Payments System Using Identrus Global Trust System TOKYO, Japan, November 9, 2001 – IBM today announced that it is working with two Japanese banks as part of a new B2B “trusted e-payments ” program that will help set the framework for global financial institutions and their corporate customers to use the Internet for billing and payments. The Bank of Tokyo-Mitsubishi and Industrial Bank of Japan are the initial financial institutions participating in pilot programs that will help the banks establish “trusted e-payments ” software and hardware that work in conjunction with Identrus LLC, a leading standard of trust in global B2B e-commerce supported by more than 50 of the world ’s top financial institutions. The programs are a significant step towards the banks' goals to offer Internet-based payment services to their commercial clients. Such services will help banks and their clients reduce the high costs associated with paper-based or electronic data interchange (EDI) billing and transaction processing. In the place of paper or other private electronic billing systems, trusted e-payments services leverage the affordability,availability and convenience of the Internet. The Web-based systems are bolstered by electronic security such as digital signatures, smart cards and encryption technology that allow financial institutions to identify andauthorize their corporate clients for trusted e-payments services and to do business with each other. IBM “trusted e-payments IBM ’s trusted e-payments encompasses a suite of new software, services and solutions that brings together all areas of expertise at IBM to enable trusted B2B e-payments on both the seller and the bank side. The offering includes versatile B2B middleware, such as a new version (cassette) of IBM WebSphere Payment Manager that addresses specifications for Identrus ’s project Eleanor for trusted e-payment initiation. Other offerings include WebSphere MQ Integrator and Tivoli Policy Director, as well as additional strong security software, such as Java Cryptography Architecture; a leading-edge programmable hardware security module, the IBM 4758 PCI Cryptographic Coprocessor; and a Digital Signature Messaging System (DSMS) and XML Digital Signature parser and verifier that will enable any application to be Identrus-enabled. Additionally, AIX-based versions of the solution components including testing AIX Valicert Transaction Authority with its new WebSphere MQ interface is ready. IBM ’s trusted e-payments solution also includes IBM Payment Services for financial institutions, available today from IBM Global Services (IGS). IBM Payment Services for financial institutions will help customers implement global standards across a four-corner model for trusted e-payments transaction that includes the buyer, seller and the twoIdentrus-member banks that are part of each transaction. IGS will also accelerate transaction handling through trusted e-payment and electronic validation services, and integrate legacy processes with these newsolutions to help control costs. Additionally, IBM Global Services has deployed a team of public key infrastructure experts to assist financial institutions in planning, designing and implementing Identrus-compliant PKI solutions. IBM is also developing a back-office software solution that is built on the same infrastructure that enables financial institutions to integrate existing and emerging networks with their enterprise processing systems and will provide support for various financial network communications such as SWIFTNet for IP. The IBM Fujisawa manufacturing plant and its supplier companies will take part in the banks' pilot program. IBM Fujisawa is currently using a legacy EDI system and will now test an Internet-based system using an Identrus and IBM trusted e-payment infrastructure for the better services to the suppliers. "Internet commerce to date has pretty much been a B2C story, comprised of high-volume, low-dollar transactions, said Mark Greene, general manager, IBM Global Banking. B2B trusted e-payments means moving beyond the $75 transaction to the $750,000 transaction that occurs between businesses. IBM ’s trusted e-payments program, announced today, will help make that a reality. We ’re building our hardware and software to specifications so that our customers are Identrus compliant. By embracing this standard, it will allow financial institutions to stand behind high-dollar B2B transactions just as credit card companies stand behind B2C transactions. Adds Greene: "The commitment of these major Japanese banks to Identrus and trusted e-payments is testimony to the potential cost-savings benefits and revenue opportunities that banks envision by offering trusted e-payments services. About IBM Financial Services Sector IBM's Financial Services Sector is the world's leading provider of comprehensive, integrated e-business solutions to the banking, financial markets and insurance industries. Working directly with its financial services customers, IBM develops and deploys mission-critical, industry-specific technology solutions. These solutions comprise the full range of IBM capabilities including strategy, consulting, integration and implementation services; middleware, hardware and e-business applications from best-of-breed software developer business partners; and innovative research. Additional information about IBM can be found at www.ibm.com/solutions/financialservices. WebSphere Software Supports the Financial Services Industry for e-business infrastructureWebSphere, Internet infrastructure software known as middleware, is used by more than 50,000 customers worldwide, including 75 percent of the top commercial banks worldwide and 15 top Wall street brokerage firms. In Asia Pacific, WebSphere customers in the financial services sector include Australian Stock Exchange, Chuo Mitsui Trust and Banking, Japan; Citibank, Singapore; Hong Kong Exchanges and Clearing Limited; HSBC, Hong Kong; Industrial and Commercial Bank of China; ING Group, Australia; Siam Commercial Bank, Thailand; Sumitomo Bank, Japan; and Stock Exchange of Thailand. Recently this year, eBay, the world's largest online e-commerceportal, selected WebSphere as the technology foundation for main operations that required 24-hour stability. These companies rely on WebSphere for their Internet infrastructure needs, including developing and deployingtheir next generation e-business applications, integrating their key business processes and conducting high-volume Web transactions. WebSphere is the first platform supporting J2EE, Web Services, XML, Linux and Open Source. More information about the WebSphere software platform is on the Web at visit http://www.ibm.com/websphere. Contacts: Chujit Wattanalumlerd Tel. 0-2273-4306 e-mail : [email protected] End. -AN-

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