Identrus, the world's leading provider of identity trust on
the Internet, today raised the bar for trusted
business-to-business electronic commerce by demonstrating
the "trust-enablement" of every stage of a transaction:
connecting buyer to seller, negotiation, delivery/receipt
The demonstrations at Sibos (Sept. 13-17, booth 2222), the
world's most important financial and banking operations
conference, involve securing a set of enterprise e-commerce
applications with digital certificates issued by Identrus
financial institutions. The demonstrations provide a preview
of the functionality that can be realised through Identrus'
emerging internetwork of trust. The infrastructure, which
goes live next year, enables trading partners around the
world, through their financial institutions, to conclusively
identify one another on the Internet.
"Most e-commerce solutions address a single facet of the
transaction," said Octavio Marenzi, senior analyst, Meridien
Research. "Identrus demonstrated today that it provides a
broad and deep foundation of trust in which all trading
partners and applications, at all stages of a transaction,
The applications in the various demonstrations leverage
Identrus' open technology standards and can be deployed by
any Identrus financial institution or corporate customer.
The demonstrations and their related stages in an online
transaction are as follows:
· Connecting buyer to seller - Dun & Bradstreet
(www.dnbcorp.com) a global provider of business and
financial information services, such as credit ratings; and
Industry to Industry (www.itoi.com), the leading
business-to-business e-marketplace, bringing together buyers
and sellers to search, communicate, offer, auction and trade
using the most advanced user-driven transactional platform.
· Negotiation -Aliroo Ltd. (www.aliroo.com), an
international developer and provider of software that
protects files, e-mail, groupware, faxes and paper printouts
from unauthorised access; and Isabel (www.isabel.be), a
Belgian banking initiative and digital certificate authority
infrastructure provider whose technology can help secure
multiple phases of a transaction.
· Delivery/Receipt - E-time Inc., a software startup
specializing in payment and accounting for
business-to-business e-commerce. E-time lets manufacturers
prove their goods have been delivered and borrow against the
· Invoicing/Payment - IBM (www.ibm.com) and Sun Microsystems
"Secure business-to-business Internet commerce is critical
to all of IBM's customers. By enabling our standards-based
products to work with Identrus complemented by our
world-class security services, we are making trusted
e-business a reality," said Mark Greene, Vice President,
Security, IBM Corporation. "I applaud the banks for stepping
up to the crucial role of ensuring complete trust and
confidence in e-business."
"Sun has a long history of providing financial institutions
with secure, high-availability solutions. We are
particularly pleased to work with Identrus and its members
at the center of business-to-business e-commerce to ensure
safe and efficient on-line transactions," said John Hake,
director of Sun's worldwide financial services group. "With
SunConnect's open, Java technology based architecture, Sun
and its partners can rapidly develop and securely deploy any
type of Identrus-enabled solution."
In addition, i-Cube (www.i-cube.com) has provided systems
integration, technical architecture and program management
support to Identrus as it has designed and deployed its
pilot infrastructure. It is also providing all the
integration support for Identrus' demonstrations at Sibos.
"As an early strategic partner, i-Cube is pleased to have
had the opportunity to play an important role in the
Identrus success story," said Michael Pehl, chairman and CEO
of i-Cube. "We are excited to see the energy and enthusiasm
with which the Identrus solution is being embraced and we
are firmly committed to partnering with Identrus as they
bring this groundbreaking solution to market."
Trading partners certified by Identrus financial
institutions will use trust-enabled applications developed
by these and other vendors as they use the Internet to open
new markets, lower transaction costs and create unassailable
records of their transactions. "As these examples suggest,
all of our financial institution members and solution
providers are pursuing the development of value-added
e-commerce solutions which can leverage this global trust
network," said Identrus President and CEO Guy S. Tallent.
"The results to date have been impressive, and we are
committed to supporting these accelerated efforts, through
our deployment in 2000."
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
partners' identities. Its founding financial institutions -
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 - formed the limited liability company in April.
Identrus' technology, buttressed by binding contracts and
the risk-management experience of global financial
institutions, will form the foundation of a broad array of
business-to-business applications, not just financial
services. The Identrus infrastructure is open to any
financial institution, company, organisation and solution
partner that commits to its open technology standards,
business processes, legal policies and risk-management
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 www.identrus.com
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