IdenTrust, a leader in trusted identity solutions, and VocaLink,
the payment processing specialist, today announced an expansion of
their existing partnership to leverage IdenTrust digital identities on
the VocaLink Euro CSM platform. The VocaLink service provides banks
and their customers with a platform for all of their euro payment
requirements and, uniquely, offers corporations direct access to the
Euro CSM network, controlled by their banks.
IdenTrust provides a legally interoperable infrastructure for
validating bank-issued identities worldwide and delivers the
scalability and interoperability to support VocaLink's expanding
services for euro payments, allowing banks and their corporate
customers to originate and manage Single Euro Payments Area (SEPA)
transactions seamlessly throughout Europe. This capability expands on
the trusted services the partnership has delivered in recent years for
payment submitted through BACSTEL-IP.
VocaLink is enabling its customers - which include banks, their
corporate customers and government departments - to use IdenTrust
certificates to enable sophisticated identity validation and access
management within their PKI security framework. VocaLink customers can
leverage IdenTrust certificates for non-repudiation and liability
limitation assurance, which is critical for banks - and bank customers
- to minimize their exposure to risk. Additionally, IdenTrust's
solutions support legal audit trail requirements, simplify
authentication among participating VocaLink bank customers and expand
straight through processing.
"VocaLink is enabling banks to offer their customers trusted
payment processing services that reduce costs, expedite straight
through processing and enhance regulatory compliance," said Martin
Wilson, Chief Marketing Officer for VocaLink. "As we expand our
services to support SEPA requirements, IdenTrust provides the trusted
authentication and interoperability across international borders that
are essential to supporting evolving customer requirements. It will
also provide our customers with a common identity that can be reused
with other services that we will be adding to the platform next year."
"The ability to expand straight through processing and ensure
trusted identities for financial transactions - regardless of their
geographic origin - is fundamental to the continued growth of
electronic commerce. VocaLink is well positioned to take a leadership
position in providing these combined services," said Joe Norburn,
Managing Director in EMEA for IdenTrust. "Expanding our longstanding
partnership with VocaLink illustrates IdenTrust's central role in
authenticating identities and accelerating electronic payments and
transactions throughout Europe and globally."
About VocaLink
VocaLink is a specialist provider of transaction services to
banks, their corporate customers and government departments. Having
pioneered electronic payments over four decades ago, the company has
been a driving force in electronic transactions ever since. Many of
the world's top banks and their corporate customers rely on VocaLink
to meet their transaction needs. On a peak day, the VocaLink automated
payment platform processes more than 80 million transactions. Its
switching platform connects the world's busiest ATM network of over
60,000 ATMs. In 2007 the VocaLink payments network in total will
process over 8 billion transactions.
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.
