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Online Certificate Status Checking in Financial Transactions: The Case for Re-issuance

Barbara Fox⋆Contact Information and Brian LaMacchiaContact Information

(5)  Microsoft Corporation One Microsoft Way, Redmond, WA 98052, USA
Abstract
High-value financial transactions underwrite the need for a relying party to check the status of a digital certificate in real time. In this paper, we propose a simple mechanism for online certificate status chec- king that is particularly well suited to the closed public key infrastructures that characterize financial networks. We further demonstrate how persis- tent evidence of this status checking request/response becomes a valuable by-product. In financial systems, “transaction receipts” naturally accu- mulate and by doing so, they encapsulate the entire lifecycle of a single transaction.

Keywords  public key infrastructure - online certificate status checking - certificate re-issuance - high-value financial transactions - risk management


Contact Information Barbara Fox⋆
Email: bfox@microsoft.com

Contact Information Brian LaMacchia
Email: bal@microsoft.com
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