Technology review 2010: Controlling fraud – Digital Indentities

One solution to person-not-present fraud when making a payment is the use of digital identity certificates (DIs) and signatures to verify an individual really is who (s)he claims to be and is authorized to make the transaction. DIs are already successfully used in a number of applications, for example, by companies in the UK for the approval of file transmissions to the local ACH, by the pharmaceutical industry in the US, and by the Norwegian ACH for its internet banking customers. But their use is not yet widespread.