Global Financial Institutions Expand Commitment to Identrus Global Trust System With Additional Investment.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--Dec. 18, 2001 Identrus(TM) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the leading standard of trust in B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business commerce, today announced that it has successfully completed a round of additional investment in the Identrus global trust system. The new funding comes from its existing membership of preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global financial institutions, demonstrating their broad-based support for the Identrus scheme and its value in securing their commercial customers' e-business activities. The renewed commitment signals to the global financial community that the company will continue to advance its market leadership in trusted transactions and e-payment services. "Our goal from the outset has been to deliver innovative solutions that enable business-to-business e-commerce and help our member financial institutions do business with their customers," said Guy S. Tallent, Identrus president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have successfully accomplished our initial goals by launching the first global trust network. As a growing number of participants begin live production, this increased funding from members is testament to the value of the Identrus system." Identrus enables trusted transactions and global e-payments solutions to commercial customers through its worldwide network of member financial institutions. With Identrus, businesses can seamlessly interact online with their supply chain partners with confidence in the identity, integrity and privacy of their commercial communications and transactions. About Identrus Identrus, LLC is the leading standard of trust in global B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. . As the Internet's only global trust system, Identrus allows companies to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting with one another with certainty and effectively mitigate mit·i·gate v. To moderate in force or intensity. mit  i·ga tion n. e-commerce risks by leveraging their trusted
relationship with their financial institution(s). Identrus also
eliminates the time, cost and complexity of building trading
relationships with customers and suppliers around the globe. Among the
Identrus solution offerings are identity validation/certification, fixed
warranties and enhanced e-payment initiation services to buyers and
sellers. The growing Identrus system counts more than 50 of the
world's leading financial institutions among its participants,
spanning more than 133 countries. For more information, please visit
www.identrus.com.
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