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VeriSign, Inc.: Wilmington Trust Selects VeriSign to Power New Mobile Banking Services

^{Published on 2009-09-02 05:22:26 - Market Wire}
 

MOUNTAIN VIEW, CA--(Marketwire - September 2, 2009) - VeriSign Messaging and Mobile Media, a division of VeriSign, Inc. (NASDAQ: [ VRSN ]), the trusted provider of Internet infrastructure for the networked world, today announced it has been selected by Wilmington Trust to provide text banking services to its clients. Clients will now be able to access banking information, such as ATM and branch locations, personal account information, and recent transaction history via text message, enabling added convenience and access to real-time information via their mobile devices.

The service, available now, can be activated by Wilmington Trust clients by visiting [ www.wilmingtontrust.com ]. At the site, clients enrolled in On-Line Banking can register for Wilmington Trust Text Banking. Once registered, clients can access the service easily by typing in the short code B-A-N-K-W-T on their mobile devices.

"We continue to seek ways to deliver value and enhanced experiences to our clients," said Rebecca DePorte, senior vice president of Personal Financial Services for Wilmington Trust. "By working with VeriSign, we are now able to provide our clients with convenient, secure mobile access to their accounts."

Michael Campbell, senior vice president of sales and marketing, for VeriSign Messaging and Mobile Media, said, "Banks such as Wilmington Trust are coming to realize the benefits of utilizing the mobile channel. We look forward to helping Wilmington Trust further expand its mobile services in the future."

VeriSign® Mobile Banking Services allow banks and financial institutions to replicate and enhance the Internet banking experience on the mobile phone, providing clients with convenient options to access interactive services such as multifactor authentication, balance inquiries, transaction history, bill payment, fund transfers, and alerts via mobile messaging. VeriSign's Mobile Enterprise Services enables financial institutions to improve customer service, to reduce costs, and enhance service offerings. In addition, VeriSign's offering has implemented advanced security measures, such as strong encryption for all SMS traffic traversing VeriSign's messaging platform, tight controls over platform access privileges, and requiring secure connectivity standards.

Currently, six out of the top 10 leading banks in North America use VeriSign Messaging and Mobile Media's mobile banking platform to enhance the overall banking experience for their clients. In addition, VeriSign works with three of the top five credit card issuers who are global leaders in online payment and remittances solutions. VeriSign is a recipient of the Frost & Sullivan 2009 North American Messaging-based Mobile Banking Solution of the Year as the preferred choice for financial institutions that want to offer mobile services to their clients.

About Wilmington Trust

Wilmington Trust Corporation (NYSE: [ WL ]) is a financial services holding company that provides Regional Banking services throughout the mid-Atlantic region, Wealth Advisory Services for high-net-worth customers in 36 countries, and Corporate Client Services for institutional customers in 88 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.

About VeriSign Messaging and Mobile Media

VeriSign Messaging and Mobile Media is a division of VeriSign, the trusted provider of Internet infrastructure services for the networked world. Through this business unit, VeriSign provides global application services that reliably delivers short-messages (SMS), multimedia messages (MMS), and mobile content across wireless operators and mobile devices throughout the world. As a leader in mobile messaging, mobile banking and mobile content delivery, VeriSign offers a broad portfolio of mobile infrastructure and delivery services. Offering reliable delivery, a worldwide presence, and rapid and effective deployment, VeriSign has built a trusted and respected brand with global mobile operators, media content providers and enterprises. The reach, reliability and value add of VeriSign services enable these companies to capitalize on the rapidly growing messaging and media content markets.

About VeriSign

VeriSign, Inc. (NASDAQ: [ VRSN ]) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence. Additional news and information about the company is available at [ www.verisign.com ].

Forward-Looking Statement

Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2008 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.