The World Wide Web Consortium (WC3) and business development organisation Commercenet today announced that the specifications for a universal Internet payment system have been completed.
The W3C and Commercenet have been developing the Joint Electronic Payments Intitiative (JEPI) with industry leaders - including Microsoft, IBM, GC Tech, Cybercash, Xerox, BT and Digital - which are implementing the Internet payment negotiation protocol in their systems.
According to Jim Miller, W3C project manager for JEPI, since not all merchant servers accept all forms of payment, the Internet needs a standard way through which applications can negotiate the appropriate payment method.
Miller said: ?JEPI is the electronic version of the check-out person at the supermarket who asks you how you would like to pay.? He explained that in the future, merchants would have server plug-ins that let users know what payment methods are accepted and users would buy browser plug-ins according to their preferred payment method. He said that JEPI should be understood as the underlying mechanism that recognises which payment methods are compatible.
He added that JEPI had now been handed over to the Internet Engineering Task Force and would be ready for demonstration in November.
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