[FYI] CEC clears IDENTRUS global network for the authentication of electronic signatures and other e-commerce transactions

["Axel H Horns" <horns@ipjur.com>]

http://europa.eu.int/rapid/start/cgi/guesten.ksh?p_action.gettxt=gt&do
c=IP/01/1165|0|RAPID&lg=EN

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Commission clears global network for the authentication of electronic 
signatures and other e-commerce transactions  


DN: IP/01/1165     Date: 2001-08-01  


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                                IP/01/1165 

                                Brussels, 1 August 2001 

Commission clears global network for the authentication of electronic 
signatures and other e-commerce transactions  

The European Commission has cleared agreements between a number of 
major European and non-European banks creating a global network 
("Identrus") for the authentication of electronic signatures and 
other aspects related to financial and electronic commerce 
transactions. The agreements which were notified to the Commission 
for clearance in April 1999 enable participating financial 
institutions to operate as individual and competing certification 
authorities for the purposes of secure e-commerce transactions. The 
Commission's negative clearance decision illustrates the importance 
the Commission attaches to the development of competitive e-commerce-
related markets. The European Union has already in its Directive on 
electronic signatures of 1999 recognised that global certification 
authority services over open networks are fundamental for the success 
of e-commerce in Europe.  

[...]

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