For more info on a specific newsletter, click the title. Details will be displayed in a new window.
Subscribe to
Computerworld 40 years of the most authoritative source of news and information for IT leaders.
|
|
|
|
|
June 12, 2000 (Computerworld) -- The Financial Services Technology Consortium (FSTC), a nonprofit organization that includes banks, research firms and government agencies, is planning to meet June 15 to discuss authentication issues for Web sites that aggregate banking information.
The group has already developed what it calls the Financial Agent Secure Transaction model, which allows financial institutions to provide services ranging from customer authentication to payment guarantees. At the meeting, consortium members will further develop the technical model and prepare it for a market trial.
Anatoly Kissen, a vice president at Citigroup Inc. in New York who is evaluating the FSTC's aggregator project, said the main goal of the committee is to stop accessing customers' personal financial information via screen "scraping," which is usually done without banks' permission. The FSTC wants to move to a common, standards-based platform. Kissen said aggregators scrape personal financial information from bank Web pages - not the most secure and reliable approach. "If we provide a direct feed to the aggregators, the quality of the information could be improved," he said.
At the June 15 meeting, financial industry representatives from organizations such as the American Bankers Association in Washington, Bank of America Corp. in Charlotte, N.C,. and Citigroup will discuss the details of a pilot project.
The pilot, said Kissen, may not necessarily be a full-scale, XML-based platform, but it may eventually lead to one.
The meeting is a sign that banks and other financial institutions have accepted that aggregator sites are inevitable, said George Barto, an analyst at Stamford, Conn.-based Gartner Group Inc.
"The banks would prefer that this didn't happen, but it did happen," he said.
|
Print this Story |
|
Send Us Feedback |
|
E-mail this Story |
|
Digg this Story |
|
Slashdot this Story |
|
|
|
|
 |
|
All Zones Application Performance Zone Enterprise-Class Security Zone Enterprise Solutions Zone The File Data Management Zone Grid Computing on Windows Zone Security Management Zone ITIL Best Practices Zone The SAS Zone Storage Virtualization Zone The Data Center Management Zone |
 See your link here
|
 |
||||||||
| ||||||||
| ||||||||
| ||||||||
|
Critical Considerations for Data De-duplication
Download this whitepaper now.
Get this white paper now!
Read up on the latest ideas and technologies from companies that sell hardware, software and services.
- Mozilla launches Firefox 3.0 RC1 early
- Microsoft: Don't misunderstand UAC, other Vista features
- HP confirms XP SP3 endless reboot snafu, promises patch
- More top stories
"Security Directions" virtual trade show2008's Code-Red Security Issues for Protecting the EnterpriseWebcasts, white papers, demos, and more. Presented in a unique 3-d environment. Enter our show right now! Click here to enter
|
Provide a Better Customer Experience
Register now for "Provide a Better Customer Experience," a live TechWise TV broadcast. This webcast is free to view, compliments of Cisco. Click here to watch now
|
 |
 Virtualized iSCSI SANs: Flexible, Scalable, Enterprise Storage for Virtual InfrastructuresDownload this white paper  |
 Case Study: Simplified DR Planning and ImplementationDownload this case study |
 Webcast: Disaster Recovery Simplified – iSCSI and VMware Site Recovery Manager Deliver ResultsView this webcast |
 Webcast: Data Protection and Disaster Recovery with iSCSI and VMwareView this webcast |
