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Banks as User Authentication Agents in B2B Electronic Commerce: Putting Theory into PracticePublished by: TowerGroup Published: Jun. 1, 2000 - 9 Pages Table of ContentsHighlights Introduction The Role of Banks as Certificate Authorities Certificate Authority Management: Infrastructure Certificate Authority Management: Process Proof-of-Concept and Pilot Tests: Early Initiative Conclusion AbstractOne of the key requirements for secure electronic commerce is user authentication—assurance that the claimed identity of the party on the other end of an electronic transaction can be trusted. User authentication is a primary concern in the use of the Internet as a channel for electronic commerce and transactions, since the Internet is an open and anonymous network, providing no access control and no reliable network services for confirming the stated identity of its users.Digital certificates based on secure public key infrastructure (PKI) cryptography are one method of ensuring the reliability of user identity, data privacy and integrity, and nonrepudiation, all of which are critical to the success of electronic commerce. In using the Internet for business-to-business (B2B) electronic commerce, digital certificates are being examined closely as an enabling technology, particularly with respect to the financial aspects of B2B transactions, due to the high value of such commercial transactions and therefore the risks involved. Information industry consortia and interest groups concerned with encryption and data security have emerged to explore and promote the development and application of PKI technology for B2B electronic commerce. This Research Note investigates how this theory is being put into practice in the banking world by standards and rule-setting bodies and by technology vendors, by means of pilot tests with bank participation.
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