Microsoft's Internet Finance Server (MIFS), using 128-bit encryption technology, is to be beta tested by 70 financial organisations worldwide.
The software giant said the organisations would connect the beta product to existing legacy systems to enable customers to access financial services over the Internet. Beta testing is likely to last up to six months.
Using a personal finance package such as Microsoft Money or Intuit's Quicken, or a Web browser, home users could carry out typical banking transactions via dedicated Web sites.
To address the security concerns of many users, the server uses 128-bit encryption technology, now incorporated into Netscape Navigator and Microsoft Explorer Web browsers.
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