Chinese banks to issue 100,000 digital certificates

Corporate banking and stock trading customers targeted in e-commerce initiative.

The China Financial Certification Authority CFCA, a joint venture of 13 leading commercial banks under the direct leadership of the People's Bank of China, has announced it will use internet security solutions from Entrust to enable safe and secure online transactions for more than 100,000 corporate banking customers and Chinese stock traders.

The CFCA plans to issue more than 100,000 digital certificates or IDs over the next six months to corporate banking customers and Chinese stock traders who perform online transactions valued at over $1 billion.

The certification authority is the largest secure e-commerce infrastructure effort ever undertaken in China, and is expected to accelerate the adoption of e-commerce in the country.

The CFCA...

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