FITUG e.V. Förderverein Informationstechnik und Gesellschaft

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

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

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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