B2B allies ready for push

SWIFT and Identrus find natural allies in each other, and are poised to roll out their secured internet payment and messaging services for cross border B2B payments.

Identrus was born three years ago, the offspring of eight banks' collaboration. That child is now poised to take its first steps. Teaming up with SWIFT, the pair is poised to roll out a brand new business to business B2B financial communication services based on the internet. According to Ashley Evans, director of participant relations at Identrus, a live test of the certification scheme took place during the last 60 days with Bank of America as the first certification authority to go into production of the digital certificates, which will be put onto smart cards.

The symbiotic relationship between Identrus and SWIFT was announced in September of this year to secure...

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