Houston April 17, 2001 Schlumberger Network Solutions has announced the launch of a new service to provide authentication, privacy and authorization for online transactions.
The new service, dubbed Smart Port, is intended to permit businesses to safely conduct virtual transactions while leveraging investments in Internet software and hardware, according to Schlumberger.
In addition to security features, Smart Port provides authorization and user management features. Schlumberger says the service also provides users with flexibility in how they utilize Web resources.
Smart Port is currently offered as a fully managed solution, with security measures not seen since the last James Bond installment: back-end hardware for the service is locked in a room accessible only to authorized personnel who must first use a smart-card reader and then pass through a biometric scanner for access. Schlumberger also offers round-the-clock help desk support, consulting and system integration services.
"Approximately 10 percent of online transactions are fraudulent," said Gary Yamamoto, vice president of Infosec, a division of Schlumberger Network Solutions. "Smart Port overcomes this barrier by providing a highly secure and fully managed environment. Schlumberger Smart Port services will truly open new markets and channels for large-scale commerce."
Schlumberger says that virtually any Web site can be transformed into a highly secure portal by using Smart Port services, enabling businesses to conduct high-value transactions online in real-time.
Smart Port combines two-factor authentication technologies, such as smart cards and policy servers, for authorization. Schlumberger will issue digital certificates to Smart Port services customers. Customers and Web sites will be mutually authenticated and all transactions will be encrypted from end-to-end, providing an environment where only authorized and highly secure business transactions can occur, according to Schlumberger.