Certicom Corp. said its data encryption technology has been licensed by 724 Solutions Inc. of Toronto for electronic commerce programs in the financial services industry.

Certicom said its elliptic curve cryptography technology will be used for secure access to Internet-based home banking, stock trading, and merchandise purchasing.

"724 Solutions is an innovator backed by strong market support and a highly accomplished management team," said Certicom chairman and chief executive officer Philip Deck. "They will play a significant role in shaping the future of financial services on-line, and we are pleased to provide the advanced security technologies to help them realize this vision."

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