VeriSign releases digital IDs for Internet banking

VeriSign has released a new digital ID for banks and other financial institutions that offer online financial services for consumers and that use the Open Financial Exchange specification. The Financial Server ID is installed on servers used by banks and financial institutions for authentication and to secure the exchange of data between them and their customers. The combination of the Financial Server ID and the Open Financial Exchange specification is important for creating an 'infrastructure of trust' necessary to establish a standard for financial service providers, VeriSign says.

VeriSign has released a new digital ID for banks and other financial institutions that offer online financial services for consumers and that use the Open Financial Exchange specification.

The Financial Server ID is installed on servers used by banks and financial institutions for authentication and to secure the exchange of data between them and their customers.

The combination of the Financial Server ID and the Open Financial Exchange specification is important for creating an "infrastructure of trust" necessary to establish a standard for financial service providers, VeriSign says. It gives consumers confidence that Internet transactions cannot be stolen or tampered with en route to or from the bank, the company says.

The Open Financial Exchange standard, the common specification for online banking proposed by Microsoft Corp., Intuit Inc. and CheckFree Corp. in January, supports a variety of financial activities, including banking and bill payment for consumers and small businesses, as well as bill presentation on the Internet and stock, bond and mutual fund investment.

The Financial Server ID is available now, priced at US$995 for U.S. customers and $1,195 for international customers.

VeriSign, in Mountain View, California, can be reached at +1-415-961-7500 and on the World Wide Web at http://www.verisign.com/.

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