The purpose of this paper is to examine whether the international electronic payment system through IDENTRUS can be active in the future or not. For this purpose, we have reviewed the various aspects of the typical systems : their types, operational mechanisms and actual limitations in real trade. Then we have proceeded to examine the distinguished features of IDENTRUS in terms of operational procedures and characteristics by comparing to other systems. Specially as the preconditions of activation, the possibilities of cost down, time reduction, risk hedging and operational efficiency have been studied. Thus we are not sure that the IDENTRUS will have a position as a main stream in the future electronic payment system, but this system would contribute positively to the establishment of electronic payment system if some functional additions will follow.