IdenTrust, Inc., a leader in trusted identity solutions, today
announced a partnership with XRT, which provides treasury management
solutions that cover the financial value chain. This partnership is
based on XRT Business Exchange, a Web-enabled solution that securely
and dynamically exchanges financial data between a company's
information systems and its banking and trading partners. XRT is
enabling its customers to use IdenTrust certificates, delivering new
levels of flexibility and trusted electronic communications to its
corporate customers.
Starting in October 2007, XRT customers using XRT Business
Exchange, which is designed for large and international groups, can
leverage IdenTrust certificates to gain non-repudiation and liability
limitation assurance, which is critical for corporate customers to
minimize their exposure to risk. Additionally, IdenTrust's solutions
help corporate users to create legally-compliant audit trails that
include e-mail communications and attachments for specific
applications. IdenTrust certificates will help to raise the level of
trust assurance while simplifying authentication among participating
XRT bank customers and automating many treasury workstation processes.
"Global-scale treasury management requires an added level of
trusted communications with vetted customers, partners and suppliers,"
said Jean Beaufort, General Manager for XRT. "XRT plays an integral
role in streamlining international transactions, and we have built our
success by providing innovative solutions that help our global
customers manage complex transactions easily and reliably. Our
partnership with IdenTrust extends this commitment by delivering
powerful new capabilities that validate and audit transactions across
the globe, without incurring additional complexity."
For corporations, opening and maintaining bank accounts across
multiple financial institutions and multiple currencies is cumbersome,
time consuming and costly. Corporate treasury departments must use
manual processes with their banks to change the signatories and
delegation authority on multiple bank accounts. Variations in
regulations across borders and the challenges of coordinating
employees in multiple locations responsible for these actions add
further complexity to the corporate treasury function. Using an
IdenTrust bank-issued digital certificate - which is accepted across
all member financial institutions and complies with TWIST standards -
simplifies and accelerates treasury management. IdenTrust provides a
legally interoperable infrastructure for authenticating and validating
identities worldwide.
"Trusted, verified electronic commerce and communications underpin
growth in today's global business economy," said Andrea Klein, Chief
Marketing Officer for IdenTrust, Inc. "We look forward to working
closely with XRT to deliver identity authentication solutions that
seamlessly support international commerce and are legally recognized
across the globe."
About XRT
With more than 20 years of expertise, XRT creates innovative
treasury management solutions that are used by more than 6,000
enterprises in 55 countries. XRT solutions have a value-centered
approach to working capital management and cover all areas of the
financial value chain: cash flow, liquidity, risk, collections,
payments and financial communication. XRT Business Exchange is a
secured universal exchange platform to enter, transfer, validate,
route, convert and share financial information, and offers control and
security procedures in compliance with Sarbanes-Oxley and new
international recommendations. XRT was named the "Best Treasury
Management Software" in 2005, 2006 and 2007 by Global Finance
Magazine. Eurolist Paris Section C, ISIN: FR0000054587. XRT is a
subsidiary of SAGE group. www.xrt.com
About IdenTrust
IdenTrust is a leader in trusted identity solutions, recognized by
financial institutions, government agencies and businesses around the
world. IdenTrust enables organizations to effectively manage the risks
associated with identity authentication. The only bank-developed
identity authentication system, IdenTrust provides a legally and
technologically interoperable environment for authenticating and using
identities worldwide. Customer agreements are valid, binding and
enforceable in more than 175 countries. The IdenTrust Trust
Infrastructure maintains the privacy of every transaction processed by
reading only digital certificate information, not the message.
http://www.identrust.com.
