Wachovia plans to operate certificate authority
29 November 2000 | 2607 views | 0
Wachovia Corporation's operational services subsidiary has announced plans to issue its own digital certificates in the delivery of trust-based services to online businesses and consumers.
The bank says it will use Xcert Sentry Public Key Infrastructure software to deploy secure Internet-based enterprise applications, maintaining a right to expand its use of the software for forthcoming business-to-business and business-to-consumer applications. Terms of the software licensing and professional services agreement have not been disclosed.
California-based Xcert currently is assisting the bank in developing a certificate authority infrastructure that can be expanded into a large-scale PKI (public key infrastructure) system designed to support an issuance of millions of digital certificates.
David Bellinger, senior vice president, Wachovia's eBusiness division says: "We chose to work with Xcert because Sentry offers the highest level of scalability and interoperability needed to implement a robust security solution for digital signatures."
In a separate announcement, Wachovia has unveiled its new Internet banking solution powered by Corillian Voyager, providing customers with real-time access to their accounts to check balances, conduct transactions, pay their bills and download statement data to personal financial management software like Microsoft Money and Quicken.