resource center
  See your link here
|
Computerworld -
The American Bankers Association (ABA) is planning to announce on Thursday the launch of TrustID, an online identification system that's expected to be used by banks to authenticate digital signatures.
According to e-strategies director Stephen Schutze, the ABA hopes the TrustID system will counter similar efforts by start-ups such as VeriSign Inc. and put banks back in charge of digital signature authentication.
"Banks are trusted parties," Schutze said. "And banks know their customers."
He added that the ABA is looking for input on the specifications of the system from banks, other industry groups such as securities and insurance industry associations and online business-to-business exchange companies such as Commerce One Inc..
Although the full details of the system haven't yet been determined, the premise will be for banks to provide both retail and business customers with an electronic ID that could be downloaded onto a computer or wireless device. The IDs could then be used to confirm the identity of a party, such as a company that's engaged in online business negotiations arising from business-to-business exchanges.
In addition, these IDs -- or digital certificates -- could be used to "seal" a document. "Once a document is 'signed,' the system will confirm that the document was not later changed," Schutze said.
Documents will be transmitted along with a digital signature to reflect the current state of the document. "If a single bit of the document is changed, the signature won't match anymore," Schutze said.
All the processing and verification work will be done by Salt Lake City-based Digital Signature Trust Co., which will serve as a central clearinghouse for the system, he added. That's the same company that provided the digital signature authentication that was used when President Clinton signed the Digital Signature Act into law earlier this month, said ABA spokesman John Hall.
Zions Bank, which owns Digital Signature Trust, already offers an early version of the system.
Schutze said the details of the TrustID process should be finalized by year's end.
Related stories:
How to Secure and Accelerate Your Oracle Applications
Learn about the escalating application performance and security challenges facing corporations, today!
Aligning IT to Business: The Rising Importance of Application Delivery Networks
Application Delivery Networking (ADN) will play a vital role in helping enterprises incorporate strategic technologies to achieve business initiatives.
Optimize Performance of Datacenter to Datacenter Traffic
To get the backups and database synchronizations completed on time, enterprises rely on WAN optimization from Blue Coat.
Mitigate Risk, Lower Costs and Improve Network Efficiency
Create a stable IP network that not only meets today's challenges, but is flexible enough to also meet future demands.
Enterprise Application Delivery: No User Left Behind
Gain the ability to deliver applications to all users, using any device, across any network.
Preparing Your Business Services for the Future
Would you trust your network monitoring tools enough to know when something is truly halting a business service?
Practical Strategies to Accelerate Business Applications Across the WAN
Discover how Blue Coat SG appliances, uses five essential techniques to speed delivery of internal and externally hosted business applications
IPAM: Slashing Network Costs
Slashing Network Costs by Consolidating and Automating Core Network Services
Infonetics: WAN Optimization Appliance Market Highlights 1 Q09
Vendor market share positions shuffled once again in 1Q09, learn more now!
Horror stories: Managing IT Across Multiple Locations
How one extra sharp IT manager eliminates daily agony, hassle and repetition.
Sign up to receive updates on the latest Networking and Internet resources
CIO
Computerworld
CSO
DEMO
GamePro
Games.net
IDC
IDG
IDG Connect
IDG Knowledge Hub
IDG TechNetwork
IDG Ventures
IDG.net
InfoWorld
ITwhitepapers
ITworld
JavaWorld
LinuxWorld
Macworld
Network World
PC World
The Industry Standard
Copyright © 1994 - 2009 Computerworld Inc. All
rights reserved. Reproduction in whole or in part in any form or medium
without express written permission ofComputerworld Inc. is prohibited. Computerworld and Computerworld.com and the respective logos are trademarks of International Data Group Inc. |
