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Wachovia plans to operate certificate authority

29 November 2000  |  2607 views  |  0 Wachovia plans to operate certificate authority

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.

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