Security vendors have been working separately with Identrus founding financial institutions to build e-commerce infrastructures within those institutions. Using their selected technologies in the interoperability testing, each financial institution has been able to send, receive and electronically validate digital certificates on Identrus pilot global trust infrastructure. Identrus will continue to embrace other technology vendors as financial institutions bring them to the table. This interoperability will ensure widespread participation in Identrus by trading partners, financial institutions and technology vendors enhancing its value to all participants. It s also great to see Identrus hitting its milestones head on as we prepare for commercial availability this year.
Financial institutions appreciate being able to select their technology independently.
The open and standards based approach of Identrus enables customers to choose their business partners around the globe without no interoperability problem whatsoever. As we proceed toward our commercial launch, we will work with all financial institutions and embrace technology vendors that comply with our open, standards-based specifications and policies. Identrus was founded in April 1999 by eight of the world s largest global financial institutions. These financial institutions now represent more than 133 countries and more than 10 million business relationships. With this obstacle removed, companies will be able to use the Internet to open new markets, reduce transaction costs and create unassailable records of their transactions.