eBay, VeriSign Sign Marketing and Services Alliance

• By theWHIR.com , May 08, 2002

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May 8, 2002 -- (WEB HOST INDUSTRY REVIEW) -- Online marketplace eBay Inc. (eBay.com) and digital trust services provider VeriSign Inc. (VeriSign.com) announced on Wednesday that they have formed a new multi-year services and marketing alliance.

According to the terms of the deal, eBay will deploy VeriSign authentication services, as well as establish an eBay marketplace for highly sought-after domain names. The companies will also enter into a multi-platform marketing and promotional campaign. The financial details of the deal were not revealed.

"Our new relationship with VeriSign continues our tradition of providing eBay users with the latest tools designed to shop in a safe, friendly and trusted environment," says Jeff Jordan, eBay's vice president of US operations. "Our agreement will also develop an alternative marketplace for businesses looking to obtain domain name registrations to start or expand their Web presence with a domain name that fits their objectives."

eBay, which facilitated more than $11 billion worth or transactions last year thorough its online marketplace, says it will use VeriSign?s Authentication Service Bureau (ASB) in authenticating new eBay sellers during its site?s registration process. The managed ASB service uses VeriSign?s digital trust services infrastructure to reliably identify the parties involved in online transactions or communications.

"As both the volume and value of goods sold over the Internet continues to grow, it becomes even more critical for users to feel a sense of trust in their online transactions," says Anil Pereira, executive vice president and general manager of VeriSign's enterprise and service provider division. "Validating the identity of sellers on eBay provides added comfort for site members and lays the foundation for both higher value transactions as well as new service offerings to proliferate."

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