Identrus Overview
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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