The identity fraud service is intended for any organization that needs to authenticate and validate identities and addresses securely online. The system was developed in association with GB Group Plc, which has a database containing UK population data that will be cross-checked to enable an individual’s identity to be confirmed online in just a few seconds. That system is included in BT Ignite’s component library of reusable applications that companies and system integrators can reuse with their own web services compilations.
The application component library being put together by BT Ignite and known as WSACL (Web Services Application Component Library), is designed to provide the market with a directory of reusable components. Its proposed system for credit card fraud prevention is made up of an SMS gateway, a customer profiling tool, and a facility that enables users to update their own records via the web.
The company said it is also working with Syntegra, BT’s consulting and systems integration business, to develop an industrial strength secure electronic communications network that will carry a range of other interactive and peer-to-peer services for the wholesale financial market. Its proposal is to underpin SettleNET, a secure IP network that links financial institutions to real-time settlement systems used for shares and bonds, with its web services offering. BT has licensed a management layer called Web Services Management Layer (WSML) from Alpharetta, Georgia-based web services networking software vendor Flamenco Networks which will handle all aspects of web services security, control and performance.
It is said that the proposed wholesale financial systems will lower the costs associated with real-time straight through processing and settlement of trades between various clearing agencies. Andy Green, chief executive officer of BT Ignite said the company is talking seriously with a number of businesses about how they can practically deploy web services, and said it will soon reveal the names of its first customers.
Source: Computerwire
