Mastercard has teamed up with the US Treasury Department and several vendors on a new SET Internet credit card trial.
The pilot will use Certicom?s elliptic curve cryptography (ECC) software that sits on the microchip in the card but requires less processing power or memory than software used previously.
Lasting three months the pilot will be conducted on a Treasury Department online store where customers will be able to buy collectibles, such as presidential portraits, securely over the Internet using a smart card, a software-based SET wallet and a smart card reader.
Other participants in the trial include Digital Signature Trust Company, Globeset, Litronic and Rainbow Technologies.
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