Several German firms are taking a stab at a single login process for accessing different online services -- an approach that could compete with U.S. offerings.\u00a0The companies, which include automaker Daimler, insurance provider Allianz and Deutsche Bank, among others, announced the joint effort on Monday. Their goal: to create a platform that revolves around a \u201cmaster key\u201d for users that can access sites and services across industries.The platform will not only make online registration simpler, but also more secure, they said. To do so, the companies will incorporate top standards in data security, and comply with local European Union data protection laws.The effort will join other mainstream solutions designed to make online registration easy, removing the hassle of coming up with a new login for each service. U.S. internet companies such as Google and Facebook, for instance, already let consumers use their online IDs to sign on to third-party apps.However, Monday\u2019s effort represents a European response to other players in the industry, the German companies said. It seeks to attract more partners, like those in the retail, e-commerce, aviation and telecommunication sectors.The German companies will finalize their proposal and set a launch date for it in the coming weeks. It\u2019ll arrive as logging into websites with platforms like Facebook and other U.S. services has become popular among users, said Patrick Salyer, CEO of Gigya, a provider of online ID management technologies.For example, 66 percent of U.K. users have logged into a website with their social media accounts at Facebook, Twitter or another third-party provider, according to a 2015 Gigya survey.The effort by the German companies will mean European users will probably have another trusted method to login to websites.\u201cIt\u2019s great to have another option out there,\u201d Salyer said. \u201cThey are taking a more European bent around privacy and security.\u201dHowever, making this new German platform mainstream might not be easy. \u201cYou need to have enough consumers adopt it,\u201d he said. \u201cObviously, Facebook and Google had a pretty unique advantage because of their existing user base.\u201dThe German firms will also have to pay attention to security. Creating a master key for so many user services may sound convenient, but it can also be serious threat, if it ever falls into the wrong hands.\u00a0No technical details behind the platform have been announced, but the\u00a0German companies said that preliminary negotiations are already underway to bring on board several other companies, including Deutsche Telekom. \u00a0Their platform will also be open to other services run by the German government and to digital payments.\u00a0If you have a bent to comment on this story, head to our Facebook page.