Two companies active in the transaction security market are planning a merger announcement today.

Spyrus, a San Jose, Calif., company that makes smart card-type hardware for data encryption and authentication, agreed to acquire Terisa Systems Inc. of nearby Los Altos, which played a key role in development of the Secure Electronic Transactions protocol for on-line credit card payments.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.