Leading e-commerce security companies help banks slash months and millions from effort to 'go live'
October 03, 2001 - Five leading e-commerce security vendors are offering a new way for financial institutions to cut millions of dollars and months of work from their quest to advance business-to-business Internet commerce in the Identrus LLC global trust system, the company announced today. New Identrus StarterPaks offered by VeriSign, Baltimore Technologies, PWC beTRUSTed, Global Commerce Services and TC TrustCenter will let financial institutions "go live" with Identrus in 90 days for a minimal up-front investment.
Once live, financial institutions can issue Identrus Global IDs to their corporate customers as trusted trading partners in the Identrus global trust system, now the leading standard in business-to-business commerce. These digital certificate credentials enable companies to conclusively identify trading partners on the Internet, prove their communications didn't change in transit, and compile auditable records of their transactions.
Financial institutions have traditionally spent two years and million or more to build their
e-commerce security infrastructures. With StarterPak product/service combinations, financial institutions can quickly and affordably go live as Identrus Certificate Authorities and begin deploying new e-commerce initiatives, whether their Identrus infrastructures are hosted or outsourced. StarterPaks typically cost 0,000 or less up front and ,000 or less per month. They offer as many as 5,000 Identrus Global IDs.
"Many financial institutions are more interested in quickly and affordably deploying profitable new services for their customers than in immersing themselves in the intricacies of managing new technologies," said Meridien Research analyst Jeanne Capachin.
StarterPaks, a refinement of the Identrus Express Program announced by Identrus last year, are directly addressing that need with the goal of making joining Identrus low risk and as easy as joining the credit card system.
StarterPaks generally include all the hardware and software a financial institution needs to deploy Identrus Compliant security infrastructure, including:
- Identrus Certificate Authorities, systems for issuing and managing Identrus Global IDs;
- Registration Authorities for creating certified users;
- Hardware Security Modules, devices for secure cryptographic key management;
- Online Certificate Status Protocol (OCSP) responders, which validate digital certificates at the instant they're being used; and
- Smart Cards, which carry Identrus Global IDs and digital signing keys.
StarterPaks also streamline the Identrus qualification process by providing a set of customisable templates and documents that help financial institutions prove they have taken the necessary steps to manage their customers' Internet commerce risks. Financial institutions can easily customise the documentation to adhere to specific financial institution policies and standards.
"Much of the value of Identrus lies in its complexity and rigorous standards, but it should still be simple for financial institutions and corporate users to participate," said Identrus president and CEO Guy S. Tallent. "StarterPaks make going live simple, quick and more affordable. Financial institutions and their corporate customers can profit from trusted business-to-business commerce that much sooner."
Identrus LLC is the leading standard of trust in global b2b e-commerce. As the Internet's only global trust system, Identrus allows companies to transact with one another with certainty and effectively mitigate e-commerce risks by leveraging their trusted relationship with their financial institution(s). Identrus also eliminates the time, cost and complexity of building trading relationships with customers and suppliers around the globe. Among the Identrus solution offerings are identity validation/certification, fixed warranties and enhanced e-payment initiation services to buyers and sellers. The Identrus system counts over 50 of the world's leading financial institutions among its participants, spanning more than 133 countries.
For more information, please visit http://www.identrus.com
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