17 October 2017
visit www.response.ncr.com

FSTC joins Liberty Alliance as e-wallet spotlight turns on Amazon

29 August 2002  |  4008 views  |  0 FSTC joins Liberty Alliance as e-wallet spotlight turns on Amazon

The Financial Services Technology Consortium, an association of leading North American-based financial institutions, technology vendors, independent research organisations, and government agencies, is one of 30 new recruits to the Liberty Alliance Consortium, a grouping which is attempting to develop open and interoperable specifications for federated network identity.

The 95-member Alliance, which numbers MasterCard and American Express among its founders, was initally established to develop an alternative to Microsoft's .NET Passport system. The Alliance is looking to build momentum after releasing its first set of specifications for managing user identities across the Internet last month.

News of the FSTC's involvement with the initiative coincides with a recent research note from US Bancorp Piper Jaffray, which turns the spotlight on online retailer Amazon as a possible provider of a mass-market e-wallet service for Internet users. Amazon, which claims 27 million users, is currently offering its online form-filling and wallet service through partnerships with other popular retailer sites including Toys "R" Us, Borders and Virgin Entertainment.

"This multi-site 'persistent wallet' is potentially very useful (and lucrative) as Amazon expands its family of partners. If these partnerships end up including most of the top general and specialty retail categories, Amazon will establish a much wider set of relationships with the majority of US consumers, leveraging popular brand names," wrote USB Piper Jaffray analyst Safa Rashtchy.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Liberty Alliance releases first set of Web identity specs

Liberty Alliance releases first set of Web identity specs

16 July 2002  |  3184 views  |  0 comments
Microsoft and Arcot partner for Passport cardholder authentication

Microsoft and Arcot partner for Passport cardholder authentication

10 July 2002  |  3883 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15019 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8259 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7714 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7080 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6269 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job