Magnet Communications is the latest financial software vendor to sign up as a founder member of the Digital Signature Trust and American Bankers Association's (ABA) TrustID Solutions Partner Programme.
As part of the programme, Magnet, a software and application service provider of Web-based cash management and business banking solutions, is able to offer its customer banks digital signature-enabled Automated Clearing House (ACH) originations via the Magnet Internet Banking Suite.
TrustID digital certificates are issued under the authority of the ABA TrustID digital certificate policy and governed by the American Bankers Association. The policy attempts to establish universal guidelines for online trust, backed with a financial warranty.
Digital signature capability will be made available for both in-house implementations and banks served by Magnet's application service provider (ASP), Magnet Outsource Service.