SAN FRANCISCO, June 24 /CNW/ -- IdenTrust, Inc today announced that
Lloyds TSB has selected IdenTrust to provide trusted identity services for the
bank's corporate banking customers using the BACSTEL-IP payment network.
Lloyds TSB has joined the IdenTrust identity scheme and will provide its
corporate banking customers IdenTrust digital identities to deliver strong
authentication capabilities for users accessing BACSTEL-IP systems and for the
digital signing of BACS transactions. In addition to joining the IdenTrust
identity scheme, Lloyds TSB has engaged IdenTrust to provide a fully managed
hosting service for the bank's high assurance identity requirements.
IdenTrust (http://www.identrust.com) provides a legally interoperable
infrastructure and rule set for validating bank-issued identities worldwide.
This limits financial institution liability and delivers non-repudiation for
the digital signatures used by Lloyds TSB's corporate customers to originate
and manage payments submitted through BACSTEL-IP or other similar
IdenTrust has years of digital identity experience in supporting the
BACSTEL-IP environment. IdenTrust was selected to provide a single, scalable
and cost effective platform that can be leveraged for all of Lloyds TSB high
assurance identity needs.
"We look forward to supporting Lloyds TSB in providing identity
management solutions to enhance the wide range of products and services the
bank offers to its customers," said Joe Norburn, Managing Director in EMEA for
IdenTrust. "The IdenTrust network provides a robust identity platform that
streamlines business operations by facilitating legally-enforceable
communications, increasing the level of trust in electronic transactions and
addressing compliance requirements for global commerce."
Lloyds TSB joins the majority of leading UK banks as an IdenTrust network
IdenTrust is the worldwide leader in trusted identity solutions providing
companies and governments the peace of mind required to operate across 175
countries. IdenTrust enables organizations to effectively manage the risks
associated with identity authentication, work interoperably with countries
around the world, minimize investment in creating their own policies and legal
frameworks, and deploy a spectrum of products insuring trust. IdenTrust
credentials provide identity authentication, message encryption and legally
binding digital signatures. IdenTrust enables end-users to have a single
identity that can be used with any bank, any application, and across any
network. For more information, visit the Web site at
For further information:
For further information: Tricia Yamagata of IdenTrust, +1-415-486-2912,
tricia.yamagata@IdenTrust.com Web Site: http://www.IdenTrust.com