Identrus, the Internet security company backed by leading banks,
has launched a system enabling bank customers to complete large
transactions online.
The system, launched by four banks including Bank of America and
Deutsche Bank, is based around smart cards and electronic
certificates to guarantee secure customer transactions over the
Web.
The fledgling global payments standard can be used for
transactions between banks and their customers as well as companies
using bank-run electronic marketplaces.
Banks of the Identrus scheme hope the scheme will become an
industry standard for the increasingly competitive Internet payment
market.
Deutsche Bank plans to introduce the Identrus system for all of
its online products.
