Search
 

Going Checkless For Real?

Project Eleanor provides specs for a secure, global system

By Staff Writer | Updated on October 01, 2002

Franklin Roosevelt, never considered the biggest friend of banks, would probably be amused that an international consortium of financial institutions named its new online payment standard after his wife. Project Eleanor, so tagged because the group’s first working meeting was convened in New York’s Roosevelt Hotel, is the brainchild of Identrus, a bank group formed to provide a structure for e-commerce.

There are grand hopes for Eleanor, which is designed to become a secure, non-proprietary, global system that all companies could use as the online equivalent of checks. As a check is accepted universally by banks and companies, so too would an Eleanor payment, Identrus hopes.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.