Paypal inc. is on the road to becoming the "Visa" of the Internet, according to a keynote speech at security conference SecTor in Toronto, where Andrew Nash presented the company's plans to expand into the identity provider business.rnThe term identity provider (IDP) has existed in the identity technology space, but the actual implementation for consumers is just beginning, explained Nash, PayPayl's senior director of identity services, in a post-keynote interview.rn"Identity providers in the case we are talking about are actually an entity that creates credentials, establishes who you are, manages the lifecycle of those credentials and acts as a conduit for attributes and controls policy associated with how your identity could be used," said Nash.rnConsumers would essentially have a single online identity for accessing sitesrnand conducting business online. This would remove the need for filling out forms and entering passwords as you travel around the Net.
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