(EMAILWIRE.COM, January 09, 2001 ) Everyone has jumped on the business-to-business (B2B) marketplace bandwagon touting its low-cost and convenient method for business transactions. However, in reality, it is the banks themselves that form the most direct pathway linking buyers and suppliers. While most people examine these marketplaces from the viewpoint of the enterprises conducting business on line, few have realized that the infrastructure tasked with transferring funds from partner to partner will become the world's primary B2B exchange.

In order for these high-value transactions to work smoothly, financial institutions need an elaborate framework of trust--enter Identrus. With multi-million dollar transactions on the line, banks need to encrypt the transaction, validate the identities of partners and other banks, and ensure that transactions are non-reputable. Financial institutions worldwide have looked to public key infrastructure (PKI) technology to issue and manage digital certificates--online credentials that are non-reputable and nearly unhackable--to secure and authenticate transactions.

A Framework Built on Baltimore
Leading the way in developing a trusted PKI framework that allows banks worldwide to authenticate transactions with digital certificates is Identrus. Based in New York City, Identrus is an initiative created to provide banks around the world with a standard for securing identities over open networks by issuing digital certificates. Using digital certificates, Identrus member banks can attest to the identity of participants for a variety of e-business applications, ensure the highest level of authentication, non-repudiation and confidentiality of electronically transmitted documents and high-value transactions.

To make it even easier for banks to come on board, Identrus has introduced the Identrus Express program that accredits security vendors to establish PKIs for banks in an outsourced model. This method not only makes it quick and easy for financial institutions to join the Identrus community quickly and cost effectively, but it also enables banks to directly link buyers and sellers.

If you would like to speak with executives from Baltimore Technologies and Identrus to learn more about how PKI technology is making it safer for financial institutions and enterprises to do business on line or how Identrus will become the prefered B2B exchange, please call Laura Ackerman, Schwartz Communications at 781-684-0770 or e-mail lackerman@schwartz-pr.com.

Contact Information:
Baltimore Technologies
Joseph Nchor
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