Diversinet Corp. announced a licensing agreement for promoting distribution of its digital certificate technology through Oasis Technology Ltd.

Oasis will incorporate the Passport Certificate Server in the group of transactional software products known as IST, or Information Switching Technology.

Oasis clients include MasterCard International, Visa International, Citigroup's Diners Club unit, and Europay International. Its systems are installed in 65 countries in various interactive banking, electronic funds transfer, and electronic commerce applications.

"As our client base of financial institutions, service providers, and retailers moves into the Internet marketplace, additional security measures become essential," said Ashraf Dimitri, Oasis president and chief executive officer. "We are looking to the Diversinet Passport server to provide those solutions while maintaining privacy, integrity, and simplicity." Both companies are based in Canada.

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