Wave Systems Corp. (fka WAVXQ)

[Whitewash]

Probably posted last year by CM:

http://gpf.nacha.org/docs/may2005/reston_2005_Executive_Summary.doc


GLOBAL PAYMENTS FORUM
HYATT REGENCY RESTON
RESTON, VA
10-11 May 2005


Executive Summary


"Next Steps: NACHA worked with large global banks to develop a white paper that included the definition of International ACH Transactions and number of payment scenarios to illustrate what was or was not an International ACH transactions. The white paper is currently being reviewed by OFAC. As part of the NACHA rule making process a Request For Comment (RFC) will be distributed to members of the NACHA family. The RFC is being finalized and will be distributed in July for a 60 day comment period. A business case will be sent to the NACHA Board of Directors and the distribution of ballots should occur in the Fall. An implementation date is currently being discussed. Realistically, it will probably be September 2006 or March 2007. It is understood that there will need to be significant reorganization of systems and many will have to throw out what they have and begin again. Training implications means contacting all of the RDFIs in the U.S. to explain responsibilities and warranties.



International Collaboration on Electronic Authentication Panel

Iana Bohmer, Northrop Grumman
The Federation for Identity and Cross-Credentialing Systems (FiXs)

Ashley Evans, Pfizer, Inc.
Secure Access for Everyone (SAFE)

Jane Hennessy, Chair EAP, Wells Fargo
The Electronic Authentication Partnership (EAP)

Patrick Curry, TSCP
Transatlantic Secure Collaboration Project (TSCP)

Moderator: Helena Sims, NACHA

Iana Bohmer, Northrup Grumman
FiXs Overview

FiXs: In 2003, the Department of Defense (DoD) issued common access cards to (CAC) personnel within the military and to contractors who work on military bases. They needed an authentication system for the bases and base facilities for physical access at their respective facilities without issuing an additional set of credentials. It was decided to deploy the project in a cost effective manner, but the DoD would not be responsible for managing the system. Therefore, FiXs was created to manage the system that was deployed as a commercial system. Uniqueness of the DCCIS/FiXs System: Only operational pilot for physical access using cross-credentialing system; only program with very strong vetting requirements with the use fingerprinting authentication. There are plans for adding network authentication to integrate physical and logical access into a single system.

FiXs works now because the authority and customer demand is there. The DoD wanted and needed the system and they were willing to fund it. There are market, technical, and organizational factors to regard. There is an initial market to deploy the infrastructure and make it successful. There are 180,000 vendors in a timed market with a definitive deployment schedule. There are similar needs and the possibility for expansion into logical access, but it is the structure that provides a platform for more robust functionality. The model works best when a number of many participants operate their own piece and share the infrastructure. There will be more deployment to military bases and contractors in the next few years. Beyond that it has to be used in many different places and in many different ways (add logical access functionality). The model mimics the payment card business model technically and business-wise. The association’s model is one based on dues and transactions fees All members sign single intermediary rather than multi-lateral contracts."