PWC Creates VeriSign Competitor

PricewaterhouseCoopers has developed its own digital certificate system to compete with market leader VeriSign.

The new company is called 'beTrusted,' and is based in Columbia, MD with 120 employees. Officials with PWC attributed the new company's creation to the explosive business-to-business marketplace and related developments.

Compared to VeriSign, who has concentrated mainly on business-to-consumer transactions, PWC thinks it can carve out its own piece of this $13.6 billion industry.

PWC also hopes to expand beTrusted to handle credit references and interbank fund transfers for its customer base.

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