Content area
Full Text
ANOTHER BANK-OWNED "TRUST hierarchy" has been established to safeguard electronic-commerce trading partners.
The Global Trust Authority (GTA), representing some 800 banks directly or through industry associations, aims to ease secure global Internet transactions by linking territorial or national public key infrastructure (PKI) operations.
The GTA is similar to Identrus, a year-old, bank-owned digital certificate venture based in New York. Both are trust hierarchy schemes cascading down from the banks, through their commercial clients and to employees or other individuals performing online transactions.
"Banks have a position of trust," said Bob Aylward, senior vice president of payment and settlement services at Royal Bank of Canada, a GTA member. "In the electronic world, we can position ourselves to facilitate business-to-business e-commerce on a global...