(September 7 – 12:10 ET) – Royal Bank has joined a group to establish a global system for secure Internet payment.
The so-called Global Trust Authority (GTA) is attempting to set up an international standard for facilitating Internet transactions. Members of the GTA will issue digital certificates to their customers that authenticate their identity.
By establishing a common protocol for these certificates a Royal Bank client would then be able to verify the identity of customers of other GTA members in other parts of the world. So an RBC customer can safely transact over the Internet a customer of the UK’s NatWest Bank.
The GTA will be a Belgium-based, not-for-profit, and it may be extended
beyond banks too.
RBC is representing Canada in the group which so far also includes:
Belgium’s Isabel, French banks, Cartes Bancaires, Société Générale and BNP,
Societa Interbancaria per L’Automazione and Associazione Bancaria Italiana
of Italy, Japan’s Sakura Bank, Sociedade Interbancaria de Servicos of
Portugal, the Irish Republic’s Bank of Ireland; Spain’s la Caixa and
Sermepa, Switzerland’s Swisskey, the Netherlands’ Interpay, and NatWest in
the UK.
-IE Staff
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