Thursday, June 03, 2004

Electronic ID via the bank

Smaller countries are prone to innovate more speedily. So it should not be a suprise that the Danes have developed an Internet-service: Electronic ID via the bank. It is absolutely the way forward and similar to the Dutch A-select authentication system. Now why is this relevant?

Well, my guess is that the decomposition of the payment transaction chain, means that previously coupled functions, such as identification, authentication and autorisation, may be independently sold, resold, and packaged by banks. Banks may well consider positioning these products, if only to make sure that any future identification requirement can be taken care of against a proper commercial price rather than as a legal obligation that must be provided for free....