Hewlett-Packard and Verifone, which are to merge shortly, are linking up with Microsoft to roll out pilot and production systems based on the Secure Electronic Transaction (SET) protocol for ecommerce.
Created by credit card giants Visa and Mastercard, SET is being developed as the emerging standard for secure Internet-based bank card transactions. Steve Mott, senior vice president of ecommerce and new ventures at Mastercard, said: ?It?s a giant step forward in the adoption of SET as a global standard for payment cards on the Internet.?
Microsoft?s contribution to the party is its desktop presence and wide portfolio of merchant commerce software; HP brings hardware, software, security, integration and support; and Verifone supplies Internet payment products and SET expertise.
Paul Maritz, Microsoft?s group vice president, commented: ?Verifone's payment technology and HP's hardware integration, coupled with Microsoft's Internet commerce software, ensure best of breed systems.?
The trio has collaborated previously, but this marks the first end-to-end integrated joint initiative supporting SET. Microsoft and Verifone are developing a SET-compliant payment module for the new Microsoft Wallet, a client payment system announced by Microsoft as part of its assault on the ecommerce market. The wallet will sit on consumer desktops, communicating information to electronic merchants.
Separately, Microsoft added several new components to its Internet portfolio. The Site Server, Enterprise Edition comprises a foundation system of Microsoft?s Back Office & Trade family. Based on Commerce version 2.0 software, it is a Web site environment for developing and managing commerce-enabled Web sites.
The Wallet client will be included in future versions of Internet Explorer and Windows; and Microsoft has announced support for the proposed open buying on the Internet (OBI) standard, saying it simplifies Internet-based corporate purchasing.
?Internet commerce will become a critical part of the majority of corporate Web sites," said Jim Allchin, senior vice president of Microsoft?s personal and business systems group, announcing that 70 commercial and blue-chips are supporting Microsoft?s new strategy.
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