The bank-owned Swedish National Payment Clearing House (BGC) has chosen to implement Thales' SafeSign Authentication Server to provide digital signature verification of payment transfers over the Internet.
The new system allows digital identities issued by, amongst others, BankID and Posten, the state-owned post office, to be used to digitally sign payment instructions. Previously run over a closed dial up network, the move to the Internet will provide BGC with an interactive IP infrastructure.
Thales' SafeSign technology will be used by BGC to determine and authenticate the digital identities supplied by issuers approved by the Swedish State Procurement Agency (Statskontoret) that issued the payment instruction. The system can also be used to authenticate transactions from a number of different channels using different PKI schemes.
Paul Meadowcroft, head of transaction security, e-security activities, Thales, said: "Our successes in Sweden, follow our initial deployment at BACS in the UK and demonstrates the dominance of this product."