Dublin-based Allied Irish Banks has signed up to join Identrus, the bank-backed organisation which is seeking to develop a common Public Key Infrastructure (PKI) for securing online business transactions.
AIB says it is exploring the potential application of the system for issuing digital certificates to corporate customers engaged in B2B initiatives. Billy Andrews, general manager, electronic banking, AIB Bank, says: "We believe our involvement with Identrus will ultimately support the development of added value 'trust based' services for our business customers."
Identrus was founded in April 1999 and is dedicated to creating a worldwide network of financial institutions that can certify corporate customers as trusted online trading partners. Member financial institutions will ultimately be able to use the Identrus infrastructure to identify trading partners to one another, ensure their communications are secure, and create an indisputable record of their transactions, says the company.