"With nCipher's validated security solution and CardinalCommerce's Payment Authorization Platform, financial institutions such as Alpha Bank are assured they are getting a best of breed solution for protection against online card fraud."

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Cartes 2002, Paris, France — 06 November, 2002

CardinalCommerce Corporation, a leading electronic transaction security company and nCipher plc (LSE:NCH), a leading provider of cryptographic IT security solutions, today announce a strategic alliance partnership. This partnership combines nCipher’s hardware security modules (HSMs) with CardinalCommerce’s Payment Authentication Platform to dramatically reduce online credit card fraud, giving consumers greater confidence to shop online. The combined solution provides a low risk opportunity for acquiring banks, credit card and payment processor companies, issuing banks and a wide range of financial service institutions to implement cardholder and payment authentication systems that satisfy the requirements of the MasterCard® SecureCode™ and Visa 3D Secure initiatives.

The CardinalCommerce Payment Authentication Platform integrates a wide range of credit and debit card security functions and provides support for industry initiatives to combat online credit card fraud and bring enhanced levels of security to EFT Networks in a costeffective solution. CardinalCommerce has integrated nCipher’s hardwarebased cryptographic security platforms, using the CipherTools development environment, to provide a level of performance and security that would be impossible using a purely softwarebased architecture. This integration protects cryptographic processes, used throughout the system to encrypt sensitive information, create digital signatures and provide a record of authenticity for transactions and payment authorization, inside a tamperresistant environment that has been validated to the Federal Information Processing Standard (FIPS 140).

In addition to the technical integration between nCipher and CardinalCommerce, nCipher has also worked closely with a consortium comprising CardinalCommerce, Delta Singular, WorldW ide Trust and Safe3w that provides secure online payment services in Europe. The first customer to take advantage of this service, utilizing CardinalCommerce’s Payment Authorization Platform and nCipher’s nShield HSM, include Alpha Bank of Greece, the first European Issuing Bank to activate with Delta Singular and one of the first in the EMEA region to implement a Verified by Visa solution (see separate related announcement today).

“Protection of consumer cardholder data is paramount. With nCipher’s validated security solution and CardinalCommerce’s Payment Authorization Platform, financial institutions such as Alpha Bank are assured they are getting a best of breed solution for protection against online card fraud,” says Tim Sherwin executive vice president of CardinalCommerce. “CardinalCommerce is now working to integrate nCipher’s recently announced payShield HSM with its Payment Authentication Platform to provide enhanced payment
functionality out of the box.”

“Consumers and emerchants want more security and better protection for shopping online,” says Colin Bastable, vice president international sales at nCipher. “We are excited to partner with CardinalCommerce as part of our commitment to the payments industry. Together, we are providing a solution that delivers an extra level of protection, so consumers will know that they can shop safely and prevent fraud on their card and emerchants will know they are dealing with a legitimate cardholder anywhere in the world.”

About CardinalCommerce Corporation
CardinalCommerce Corporation is a leading provider of a technologyneutral authentication platform for securing electronic and wireless commerce, thus ensuring that individuals, businesses and government agencies can process electronic transactions and access confidential information safely, securely and privately. The first application of Cardinal's proprietary technology, the Cardinal Payment Authentication Platform, provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct fully authenticated Internetbased ecommerce, while protecting the transactions from fraud. For more information, visit www.cardinalcommerce.com.

About WorldWide Trust
Based in Athens and New York, Worldwide Trust provides customers in Europe and the Middle East with products and services that authenticate and secure Internet transactions. In its region, Worldwide Trust has rapidly emerged since its inception in November 2001 as a leader in Internet security. Worldwide Trust integrates its partners' products and services to deliver a comprehensive suite of innovative, easy to install offerings, which are tailored to meet the unique requirements of each customer. Worldwide Trust's product
suite also supports the electronic signature decree of the EU. For more information, please visit www.wwtrust.com.

About nCipher
nCipher is redefining cryptographic security to protect points of risk across the enterprisefrom network appliances to Web servers, to custom software applications and backend databases. nCipher provides hardware and software solutions that enable organizations to implement best practice security by addressing the challenges of cryptographic key management and performance. Many of the world's leading organizations – from Microsoft and Barclays Bank to PricewaterhouseCoopers and the U.S. Navy – rely on nCipher to deliver a sound esecurity infrastructure. nCipher's products are particularly well suited to organizations with high volumes of securitysensitive transactions, such as banking and financial institutions, government departments, eretailers and online service providers. nCipher is listed on the London Stock Exchange as a TechMARK 100 company (LSE:NCH) with offices in Cambridge, UK; Boston, New York, Paris, Hamburg and Tokyo. For more information on nCipher, visit www.ncipher.com.

About Safe3w
Safe3w, Inc. provides acrosstheenterprise authentication for secure online access, payments and  transactions. The company's IDshield™ and FraudNet solutions require no hardware tokens or readers and are transparent to endusers. Safe3w is an international company with corporate headquarters in the U.S, an R&D facility in Israel, and operations in Spain, China, and Japan. Current customers include enterprises that focus on epayments, financial services/banking, B2B, and gaming, and corporate enterprises and governments focused on secure remote access. For more information, go to Safe3w's web site at http://www.safe3w.com or contact Constantine Malaxos at 5162221580.

About Delta Singular
Delta Singular, formed as a result of the merger between Singular S.A. and Delta Informatics, constitutes a leading group of companies in the Information Technology sector in Southeastern Europe. With experience built since 1984, Delta Singular responds dynamically to the business challenges of New Economy, servicing the market through Software Products (development and distribution of software products and services),  systems Integration Services (integrative software, hardware and services solutions) and IT Outsourcing Services. Delta Singular is the largest processor in Southeastern Europe. Processing services started in 1988 and the company is now servicing 34 banks in Greece, the Balkans and the Middle East, with over 100 card products, 40.000 POS terminals, 1.200 ATM and more than 80.000.000 transactions annually. For more information, please contact Delta Singular at bsmrktng@deltasingular.gr.

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