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...Industrial Bank of Japan and the NatWest Group broaden
reach of global trust infrastructure...

Identrus, the world's leading provider of identity trust for
worldwide business-to-business Internet commerce, today
announced that two more equity investors are in advanced
negotiations to join its internetwork of trust. Subject to
regulatory clearance and final investment approvals, the
Industrial Bank of Japan and the NatWest Group will join as
owners in the company.

The two new financial institutions will bring the number of
global financial institutions that have joined Identrus as
equity investors to 11. Identrus members now represent more
than 50 countries and more than 7 million business
relationships. The new members will join the founders - ABN
AMRO, Bank of America, Barclays Bank, Chase Manhattan,
Citigroup, Deutsche Bank (including its recent acquisition
Bankers Trust, which was also a founder) and Hypo
Vereinsbank - plus second-wave investors Canadian Imperial
Bank of Commerce (CIBC) and Sanwa Bank, which joined in

The two new Identrus members said they are joining Identrus
to bring the enormous opportunities of business-to-business
Internet commerce to their corporate customers.

"We see the Identrus infrastructure becoming one of the key
components of future e-commerce transactions, and joining
gives us the opportunity to position ourselves among leading
providers of such services within our country," said the
Industrial Bank of Japan's Yutaka Iwasaki, senior manager of
the network business promotion department. "Identrus offers
a strong, highly scalable solution because of the
participation of financial institutions worldwide, so we
concluded that Identrus is the best choice for us."

Andy Ross, Director of Electronic Strategy, NatWest said:
"Identrus represents the first and most advanced global
opportunity to foster the adoption of trusted
business-to-business e-commerce. We have one of the largest
and strongest electronic banking franchises in Europe and
joining Identrus will enable us to use the Internet to
deliver new and enhanced e-commerce opportunities for

Like any communications system, Identrus' value increases as
its membership does. "Identrus is much more than the sum of
our parts," said Identrus President and CEO Guy S. Tallent.
"Each new participant dramatically enhances our value to
trading partners around the world who are eager to carry out
a full range of business-to-business commerce activities on
the Internet."

Even more financial institutions to join Identrus

Identrus held its second participants forum for financial
institutions over the summer and provided 15 prospective
members with a comprehensive overview of Identrus and its
benefits. More than 20 financial institutions are now in
active dialogue with Identrus about joining. Identrus plans
an eventual network of hundreds of financial institutions
around the globe sponsoring thousands of businesses
certified for business-to-business Internet commerce.

Also this summer, Identrus held its first technology
workshop. Geared toward information technology employees of
financial institutions interested in joining, the workshop
covered details of Identrus technology.

Identrus is dedicated to creating a worldwide network of
trusted financial institutions to remove the final obstacle
to business-to-business e-commerce: trust in trading
partner's identities. Its founding financial institutions
formed a limited liability company in April to enable
trading partners around the world, sponsored by their
financial institutions, to conclusively identify one another
over the Internet.

Identrus' technology, buttressed by binding contracts and
the risk-management experience of global financial
institutions, will enable companies to use the Internet to
open new markets, reduce transaction costs and create
unassailable records of their transactions. These
capabilities will form the foundation of a broad array of
business-to-business applications, not just financial

About The Industrial Bank of Japan, Limited (IBJ)

The Industrial Bank of Japan, Limited has long been known as
the bank for the industries since its foundation in 1902 and
is one of Japan's most prestigious and well-capitalised
banks. IBJ has a strong international presence in both
investment and corporate banking and currently has 27
domestic offices and 21 overseas. Most recently, IBJ, along
with Fuji Bank and Dai-Ichi Kangyo Bank, announced an
agreement to consolidate the three banks under a holding
company. The new consolidated group has over YEN140 trillion
in assets and as such is now the largest bank in the world.
For more information please visit

About the NatWest Group

NatWest Group is a primarily UK- and Irish-based financial
services group that provides a broad spectrum of financial
services to customers ranging from individuals and small
businesses to multi-national companies. NatWest Group was
formed in 1968 when the National Provincial Bank, along with
its subsidiary District Bank and the Westminster Bank,
agreed to merge. National Westminster Bank commenced trading
on Jan. 1, 1970. NatWest traces its roots back to the 17th
century through the amalgamation of nearly 200 private and
joint stock banks. For more information, please visit

About Identrus

Identrus, announced in April 1999, for the first time
enables businesses to manage their business-to-business
e-commerce risks through a trusted relationship with their
financial institution. Identrus also enables corporate
trading partners to eliminate the time, cost and complexity
of building trust relationships with counterparts around the
world. Identrus' legal and technical infrastructure is based
on a set of uniform system rules, contracts and business
practices for comprehensive trust and risk management. The
infrastructure is open to financial institutions, their
corporate customers and security vendors around the world.
For more information, please visit

This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit