NW_20010507_en_Network World Fusion, 05/07/01_ "Banks explore B2B payment option"

May 7, 2001

In the U.S. and Europe, banks are struggling to find the right approach to processing business-to-business payments on the Web and putting appropriate security checks in place as traditional banking networks, such as the Automated Checking House network, bring new payment methods via the Web.

Security is always of paramount concern in payments processing. Two European banks, Holland's Rabobank and Sweden's ABN-AMRO, are engaged in consumer and business banking via the Internet. Both banks give each customer [VASCO's] palm-sized Digipass hardware tokens for generating one-time passwords or even electronically signing payment requests every time they wanted to initiate payments via the bank Web sites.

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