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VeriSign Announces General Availability of Online Consumer Identity Verification Service

VeriSign, Inc. announced the general availability of its Consumer Authentication Service (CAS), the industry's first standard Web service for online identity verification and management. VeriSign's CAS provides e-businesses with automated, real-time, 24x7 access to multiple sources of consumer data as well as optimized scoring models that will enable enterprises to quickly and easily determine whether a potential buyer is who they claim to be.

Verifying the identity of customers before beginning an online business relationship is critical for any e-business. According to the Federal Trade Commission, 42 percent of all consumer complaints in 2001 involved identity theft. And the risk of exposure to ID theft for companies increased 80 percent between 2000 and 2001. Some studies reveal that one out of every 50 consumers has suffered identity theft.

VeriSign's CAS addresses these issues by offering customers, including eBay, Inc., a fully managed identity verification and management service that can be implemented quickly, seamlessly and cost-effectively into any legacy environment.

The VeriSign Consumer Authentication Service is already available. More information at http://www.verisign.com/products/asb/index.html

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