A group of software and online payment companies are teaming up to find a better way than passwords to protect, and prove, your identity online. Problems with passwords are well known - people require ever more passwords which means they either get forgotten, or people use the same word for several different services which is a security risk. The new group will seek to find open standards to make it easier to prove your identity online without using dozens of passwords and usernames.
Equifax, Google, Microsoft, Novell, Oracle and PayPal will work together to create “Information Cards” - online cards like those in your wallet. Different cards can contain different levels of information and can be used to log in to different websites instead of using a username and password. Some may contain just a user name and password, others address information.