Striata and PeerConnect Partner for Secure eMail Billing Regulatory Compliance with the USPS® Electronic Postmark® Service (EPM®)
2 November 2005
PeerConnect and Striata partner to bring groundbreaking technology to Electronic Bill Presentment & Payment (EBPP).
“Regulatory compliance is an essential requirement to enable ebilling paper turn-off. The Striata PeerConnect partnership brings Peerconnect’s groundbreaking, patented technology and the legal protections of the USPS® Electronic Postmark® to the Electronic Bill Presentment & Payment (EBPP) industry”, says Garin Toren, Chief Operating Officer of Striata North America.
eBilling using securely encrypted email drives significant customer adoption. The challenge is in realizing dramatic cost savings through paper turn-off. Regulatory compliance is achieved through the use of digital postmarks. Striata secure email bills can now include a United States Postal Service Electronic Postmark (USPS EPM). The 'Striata ePostmark' combines the digital signature of the sender with a unique official digital signature and timestamp issued by the USPS. The ePostmark is embedded cryptographically inside a USPS branded graphical postmark certificate which is then embedded within the message.
'Striata ePostmarks' bring together for the first time in a single solution, all the attributes of complete email authentication.
Says Jason Curtis, CEO of PeerConnect, “We are very pleased to announce our first strategic partnership in the ebilling sector. Striata is an energetic, fast moving partner focused on delivering industry-leading technology solutions. As such they have recognized the tremendous potential of the Electronic Postmark for opening up new sectors where compliance concerns have stymied electronic adoption.”
Under the ESIGN law (Public Law 106-229), government regulatory bodies require companies and corporations to comply with security standards that utilize auditable time stamps, digital signatures and hash codes, thereby allowing a third party to verify the authenticity of the electronic content. The USPS Electronic Postmark is a trusted method for proving content authenticity and security. The United States Postal Service offers the EPM as a digital security service that combines trusted time stamps with content authentication.
“Based on the legal backing of an Electronic Postmark (EPM) from the USPS embedded inside the Striata service, we provide proof that your secure email bill / invoice was sent at a specific time and date, that it was safely received only by the intended recipient, and was not tampered with in transit.
These patented technologies preserve the integrity and security of the email bill from sender to the intended / authorized recipient. Without compromising confidentiality, we aggregate information about your electronic transactions – the content, the authenticated sender, and the authorized recipients – creating a ‘digital fingerprint’ of the entire transaction. We then apply an EPM from the USPS, and send a copy of the fingerprint to the sender, the recipients, and to a trusted third-party repository to support non-repudiation.” says Toren.
The Striata ePostmark provides a variety of mechanisms aimed at verification: the customer can choose to “forward to verify” or “click to verify” the message. This solution provides secure electronic billing content protected by numerous U.S. federal statutes and state laws that apply to electronic transactions.
Says Michael Wolf, CTO of PeerConnect, “Striata’s best-of-breed technologies for secure e-billing can now be combined with the unique legal strength of the EPM to provide secure e-billing for customers where compliance is a key concern, including financial institutions, utilities, government agencies, and health care organizations. The United States Postal Service has a long history of providing for the trusted communications for the people of the United States. Together with Striata, we are now bringing this trust to securely encrypted email billing.
About PeerConnect
PeerConnect provides patented, proven technologies that bring the trust and security of the United States Postal Service to your electronic transactions. Based on the legal backing of an Electronic Postmark (EPM), we provide certification that your sensitive information was sent at a specific date and time, and that it was safely received only by the intended recipient. Visit www.peerconnect.com for more details.
About Striata
Striata is an application software developer and service provider focused on enabling secure electronic communication. Striata specializes in the secure delivery and payment of bills, statements, pay-stubs, invoices and all other confidential documents, via encrypted email. Striata has been a provider of software and services in the electronic messaging arena since 1999 and has offices in New York, London, Sydney and Johannesburg, as well as partners across the UK, Europe, Central & South America, and Asia Pacific. Visit www.striata.com.
Source: PR Web
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