22 October 2017
visit www.avoka.com

Bolero.net and Identrus enter CA pact

29 November 2000  |  2983 views  |  0 globe_8

Bolero.net is to accept bank-issue Identrus digital certificates for online authentication across its global trade finance platform.

The alliance will allow secure keys issued by Identrus participating institutions to be valid within the bolero.net online global trade system. Currently, Identrus and bolero.net have more than 35 member financial institutions in Asia, Australia, Europe, North and South America.

The agreement between the two communities has been made possible through bolero.net's newly announced multiple certification authority (MultiCA) capability, designed to allow competing key issuing organisations around the world to offer to their subscribers access to bolero.net services. The bolero.net ŒMultiCA approach now offers the opportunity for secure keys issued by national customs authorities and chambers of commerce the ability to quickly gain access to the bolero.net world trade community.

"The Identrus mission is to foster B2B e-commerce through assurance of the identity of online trading partners," says Identrus president and CEO Guy Tallent. "This alliance will allow Identrus users to take advantage of the trade capabilities of the bolero.net system, which is of critical importance to our financial institutions and their customers."

Bolero.net commercial director, Peter Scott, comments: "This news benefits anyone involved in cross-border trade. Identrus and bolero.net are both committed to providing global e-business solutions and solving the legal and security issues that have previously existed when conducting international trade over the Internet. This announcement means that our respective programmes and initiatives will be complementary, thereby avoiding any duplication of effort and investment by our common shareholders."

He expects the initiative to accelerate the co-operation between the bolero.net Bank Working Group, which released the bolero Standard Settlement Protocols for secure settlement and fulfillment on the Internet in September; and the Identrus Eleanor Group, a consortium of Identrus members that is looking into ways of delivering trusted payment services to facilitate electronic commerce on the Internet.

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

Bolero signs up Korean banks

Bolero signs up Korean banks

23 November 2000  |  2924 views  |  0 comments
Five more banks sign with Identrus

Five more banks sign with Identrus

21 November 2000  |  2638 views  |  0 comments
Gemplus launches Identrus smart card solution

Gemplus launches Identrus smart card solution

08 November 2000  |  3003 views  |  0 comments
B2B steel market joins bolero.net initiative

B2B steel market joins bolero.net initiative

02 November 2000  |  2766 views  |  0 comments
ING joins bolero.net trade finance scheme

ING joins bolero.net trade finance scheme

24 October 2000  |  3115 views  |  0 comments

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nlRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
13601 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12506 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9620 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9304 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8633 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job