Authentify™ Announces Strategic Partnership with Saecos Corporation

Integration with Saecos E-Security Architecture Provides Scalable Solution for Global Financial Institutions

CHICAGO, IL - May 21, 2001 - Authentify, Inc., a leading provider of Internet identity solutions, announced today that it has formed a partnership with Saecos Corporation, a provider of advanced e-business applications and system architectures for global financial institutions, independent software vendors and system integrators. Authentify and Saecos will work together to integrate the Authentify|Register™ service into Saecos' Authorization Engine product.

The Saecos Authorization Facility is a component of Saecos' E-Security Architecture product suite, which also includes secure session management (single sign-on) and authentication. The Authorization Facility, like other E-Security Architecture components, has a design that can be plugged in, which allows for the easy extension of the product. Its basic purpose is to ask the question "can the user do this?" In some cases, companies require additional authentication for specific functions. This is where the integration with Authentify's technology is so powerful. For example, if a trader needs to go beyond his normal trading limit, the Saecos Authorization Facility will interface with the Authentify|Register service to provide the additional authentication.

Authentify|Register is a powerful solution that enables organizations to perform real-time, two-factor user authentication during an Internet session via a standard web browser and telephone line. This groundbreaking and easy-to-customize technology enables organizations to unlock the power and immediacy of Internet commerce by leveraging the reach and trust of the world's most widely deployed infrastructure, the telephone network. Authentify|Register helps eliminate Internet-related fraud and uses a patent-pending process that integrates seamlessly with an organization's existing security, e-commerce, and operational infrastructures. This service provides instant scalability, expedites the deployment of a secure authentication process, and provides a strong audit trail for compliance purposes.

"Saecos' Authorization Facility is a perfect fit for the Authentify solution," commented Andrew Rolfe, vice president of development for Authentify. "Financial institutions are looking for a scalable and secure solution for user access and we are providing a compelling combination that will be simple to implement."

"Incorporating the ability to authenticate users quickly and cost-effectively into our offering is going to give us a tremendous advantage in the marketplace," said Lorenzo De Leon, co-founder and CEO of Saecos. "We're excited about this partnership and hope to leverage it with financial institutions and e-business partners very soon."

About Saecos
Saecos Corporation is an independent online infrastructure security provider for the financial community and corporations. The Saecos solution provides the sophisticated security technology that focuses on security, creating a unique opportunity for financial services firms to prevent loss, speed their product to market and grow their business. The firm's capabilities were developed and proven at one of the nation's largest banks and the team includes the people who helped design and implement them. Saecos delivers modular products designed to solve the unique complexities of the financial model. Saecos is privately-held and based in Chicago. Visit Saecos on the web at http://www.saecos.com, or call Mary Beth Sammons, director of communications at 312.920.9222.

About Authentify
Authentify, Inc. provides Internet identity management products and services that enable organizations to quickly and cost-effectively provide real-time user authentication during an Internet session. By leveraging the familiarity of telephone networks, Authentify ensures that deployment of e-Security is practical for business and easy for consumers. The company's patent-pending process seamlessly integrates into existing online processes that have been developed for e-business, secure information access and the distribution of security credentials. The Authentify solution provides a trusted, real-time mechanism for the management of digital credentials and username/password systems for employees, trading partners and customers, while also ensuring the availability of a comprehensive audit trail. Authentify is privately held and based in Chicago, Illinois. Visit Authentify on the Web at http://www.authentify.com, or call 773-243-0300.

©2001 Authentify, Inc. Authentify, the Authentify logo, and Authentify|Register are trademarks of Authentify, Inc. All other product names, service marks, and trademarks mentioned herein are trademarks of their respective owners.

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