IPSec, the Internet protocol security standard, has passed an interoperability test that bodes well for doing financial business over open networks, TimeStep Corp. announced.

TimeStep, a Canadian data security vendor, joined with eight other companies in a trial demonstrating secure business-to-business communications. The initiative was driven by the Automotive Industry Action Group's Automotive Network Exchange, an Internet-based electronic data interchange that began IPSec testing in March.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.