Diversinet has announced a three year license and VAR agreement to provide its MobiSecure Wallet and Vault mobile secure access solution to Intersections, North America's financial institutions' leading provider of identity theft protection and credit management solutions for consumers.

Over the next twelve months, Diversinet expects to receive cash payments totaling a minimum of $839,000 which includes $675,000 relating to the license and VAR agreement for the first year and $164,000 for various statements of work. Intersections intends to use the MobiSecure Wallet and Vault solution and re-brand it for a variety of new service and product offerings expected to become available during the second half of 2007. These will be available directly through Intersections' Identity Guard(R) brand and through selected partners, opening up significant new distribution channels for Diversinet.

Once installed on the customer's mobile device, MobiSecure Wallet offers Intersections the flexibility to launch new service offerings on the fly with no additional programming on the client device. After a customer has registered and authenticated themselves, whatever personal information they see on the mobile screen is stored securely on their mobile device, eliminating the inconvenient and time-consuming task of repeatedly retrieving the information from a remote server every time they want it. And like a TV remote, a MobiSecure-enabled mobile device can also be used to point to and transmit various personal documents, files and information directly from the server-based MobiSecure Vault by fax, email and SMS.

More than five million consumers currently access Intersections' family of products and services through marketing partnerships with organizations that include many of North America's leading financial institutions, associations, insurance companies and Web-based businesses who already use Intersections' services, often under their own private labels, to offer value-added credit management and identity theft prevention benefits to their members.

The MobiSecure Wallet and Vault utilize Diversinet's MobiSecure soft token technology and MobiSecure strong authentication for a fully automated, standards-based, strong authentication solution that protects user identity, transactions and data by issuing a one-time password (OTP) every time the user requires authentication. Unlike current card and PIN number combinations that are used repeatedly - and are consequently less secure - an OTP-based system like MobiSecure generates a new, unique password for each transaction and access to secure personal information.