WAVX Anyone? Message Board

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Technology Stocks : WAVX Anyone?

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To: Scott Rafe who wrote ()	3/12/2000 3:56:00 AM
From: MikeB	of 11417

Credit Cellular Phone - Japan first to market? Have been lurking here since first purchasing (and Holding!) from $8. Picked this piece up on the Nikkei Shinbun site. Anybody know if Wave is active in Japan? A later story in the Daily Yomiuri (March 11) states that the card and PIN info will be stored on a chip within the mobile phone device... Monday, February 28, 2000 Access, Nippon Shinpan Offer Safe Mobile E-Commerce System TOKYO (Nikkei)--Software designer Access Co. has developed with Nippon Shinpan Co. (8583) a secure method of making credit card purchases over the Internet from cellular phones and other mobile terminals, company sources told The Nihon Keizai Shimbun Monday. Access holds at least 80% of the market for portable terminal browsers. It will deliver software with the new system to cell phone and mobile terminal makers. Consumer credit company Nippon Shinpan plans to start an online purchasing business in June. Other credit card companies will be invited to join the service, which the two firms hope to make an industry standard. With conventional security systems, online buyers use personal computers to input their card number and expiration date via browser software. The systems use SSL security technology, so the chances of outsiders getting hold of the information as it is being transmitted are low. But security can be compromised if the credit card is stolen. Users of the new system order goods through mobile terminals which use Access browser software. They first contact their credit card company and give their card number, and unique information such as birthdate and bank account number. The card company then issues a digital certificate and four-digit personal identification number (PIN). Users need both the digital certificate and PIN to make an online purchase and settlement. The digital certificate is stored in the terminal so it cannot be read by third parties. Fraudulent use is not possible unless a user's credit card, cell phone and PIN are all stolen, the company says. Nippon Shinpan will pay premiums to a foreign-affiliated casualty insurance firm to insure card users and member retailers against loss. (The Nihon Keizai Shimbun Tuesday morning edition) --------------------------------------------------------------------------------

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