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COPENHAGEN, SEP. 7, 2005
Identrus Joins TWIST As Newest Sponsor
TWIST today announced Identrus as its newest Sponsor. Identrus is a global solutions company that secures interactions where identity is critical and provides a worldwide network for trusted identity credentials based on global standards.
"Given the importance of Identity and liability around European initiatives in Payments (SEPA) and Financial Instruments (MiFID), TWIST is pleased to have the knowledge base of Identrus to assist in the successful implementation of these European directives." stated Tom Buschman, Chairman of TWIST.
TWIST was created to facilitate transactions between banks and their corporate customers through standardised messages, thereby allowing STP between the two parties.
"Along with our membership to TWIST, we will integrate the TWIST standards into the Indentrus Rule Set. This will allow interoperability between TWIST and the Identrus community. Indeed, we view TWIST as key to our strategy", says Karen Wendel, Identrus CEO. "We believe that Identrus• liability model, which has proved successful with European clearing houses, is essential to the successful implementation of SEPA and MiFID."
Identrus' proven solutions provide a legally and technologically interoperable environment for using identities. As well as providing a legal and technical infrastructure for financial institutions, governments and commercial entities to effectively manage the risks associated with identity authentication Identrus enables these organizations to develop business applications and value-added services for their customers.
About Identrus, Inc.
Identrus™ is a global solutions company that secures interactions where identity is critical. As the only government regulated, bank-built identity company, Identrus provides a worldwide network for trusted identity credentials based on global standards. Identrus' proven solutions provide a legally and technologically interoperable environment for using identities. The Identrus platform provides the legal and technical infrastructure for financial institutions, governments and commercial entities to effectively manage the risks associated with identity authentication and enables these organizations to develop business applications and value-added services for their customers. Identrus partners with systems integrators, software developers, smart card and token providers, as well as experts on identity management, security and fraud to help organizations achieve greater application security and meet their e-business objectives. Identrus membership consists of more than 55 of the world's leading financial institutions spanning 160 countries.
Additional information about the company is available at www.identrust.com.
About TWIST ( www.twiststandards.org )
TWIST Process Innovations Ltd. creates global standards that enable the end-to-end automation of any company's financial business processes. TWIST develops practical standards that allow market participants to communicate electronically with each other, whether using direct links, external service providers or internal systems.
Led by the treasury operations department of Shell, TWIST brings together representatives of leading corporate treasuries, banks, fund managers, system suppliers, electronic trading platforms, market infrastructure providers (including confirmation matching services, clearing & settlement services and communication networks), consultancy firms and learning organizations. TWIST is open to market participants and service providers, irrespective of their size or role in the market place.
TWIST has numerous sponsors, members and participants. Sponsors include the following organisations: Shell, Hewlett Packard, General Electric, Cable & Wireless, JP Morgan Chase, Citibank, ABN Amro, Standard Chartered, Voca, Interpay, Identrus, Montran and Gresham.
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Schwartz Communications, Inc.
Rebecca Krueger
+1 415-512-0770
Identrust@schwartz-pr.com
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