Technology review 2010: Controlling fraud - Digital Indentities

Also in this section: Controlling fraud - payment cards Controlling fraud - Digital Indentities Minimizing reputational risk Improving connectivity Automating bank relationship management Treasury Management - Efficiency and compliance Treasury Management - In-house versus ASP and SaaS solutions

The IdenTrust Trust Network is an example of the growing success of these schemes. It issues DIs through some 30 banks worldwide providing eSignatures to companies, ACHs, governments and banks, which are interoperable across geographies, industries, products and supply chains. IdenTrust has already issued 1 million DI certificates and is now experiencing considerable growth as businesses worldwide introduce higher levels of security. Citi’s new electronic banking system, Citi Direct BE, offers users the option to log on with its IdenTrust eSignature. IdenTrust multi-bank DI certificates can be used for signing on to all of a company’s electronic banking (EB) banks. The Trust Prime application, shown in Figure 2, is an example of how DI certificates can both help improve fraud control and streamline day-to-day corporate treasury department operations.

Figure 2 - Use of Multi-Bank Digital identities in bank connectivity

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Source: IdenTrust, Inc.