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What
is Identrus?
Founded in April 1999, Identrus
LLC was formed by global financial institutions to remove the
final obstacle to business-to-business e-commerce on the World Wide
Web—trust in a trading partner’s identity. Based on public
key infrastructure (PKI), financial institutions act as the trusted
third parties enabling digital signatures to provide non-repudiation
for transactions. The Identrus infrastructure enables trading partners
around the world, through their financial institutions, to conclusively
identify one another over the Internet.
The Identrus infrastructure not only offers a framework for traditional
bank services, e.g. payment, but also, in fact, provides a secure
infrastructure for any e-business transaction. The global marketplace
for Identrus secured transactions is massive. The number of B2B
customers represented by the founding members adds up to over 10
million customers worldwide. Today, the Identrus system counts over
50 of the world's leading financial institutions among its participants,
spanning more than 133 countries.
What e-Commerce Products and Services
Does Identrus Enable?
This list is open to the creativity of the member institutions,
solution providers and their customers. Service and product examples
include:
- Electronic funds transfers
- Procurement and payment
- Trade finance and letters of credit
- Online contracting
- Insurance sales
- Government filings
- Securities trading
- And many others...
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