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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: David who wrote (16328)	1/11/2000 5:02:00 PM
From: DCBEN	Read Replies (2) \| Respond to of 26039

David, That's hardly the most IDX relevant post regarding Novell today. Can't they convince CA that the biometric module from Identix MUST be included in this? biz.yahoo.com Ben

To: David who wrote (16328)	1/11/2000 7:15:00 PM
From: steve	Read Replies (2) \| Respond to of 26039

David, Would that mean that Novell could be a holding facility for IDX's new certificate. Would that mean that Novell, CA, Oracle has a way to authentic people using different systems by way of IDX's new certificate? Oh, and would a SET standard between Europay VISA and Mastercard help give the process a little kick in the get going department??? (edited: I know that sentence sounds pretty dumb... hope you get the jest :-} ) ps , Like my stash? BW0426 JAN 10,2000 10:31 PACIFIC 13:31 EASTERN ( BW)(CA-VISA-INTERNATIONAL) Europay, MasterCard and Visa to Enable Secure Chip Card Payments Over the Internet Business Editors/High-tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Jan. 10, 2000--EMVCo, the smart card standards organization established earlier this year by Europay International, MasterCard International and Visa International to administer the EMV standards, today announced the publication of a jointly developed specification describing how EMV smart cards can be used for secure payments over the Internet. The chip electronic commerce (CEC) specification was created under the auspices of EMVCo to extend the EMV smart card and terminal standards into the quickly evolving virtual world. The EMV standard, originally developed jointly by the three organizations and now maintained by EMVCo, defines a set of requirements that ensures interoperability for credit and debit payment applications between smart cards and terminals on a global basis, regardless of where the card is used. Europay, MasterCard, and Visa have created the CEC specification in an industry-wide effort to maximise member banks' investment in chip infrastructure by ensuring EMV smart cards can be used in the virtual as well as physical world. The specification was developed with the assistance of SETCo, the organization that manages the SET Secure Electronic Transaction(TM) protocol, and leverages the open, global standard for secure electronic commerce. EMV smart cards contain a small computer chip that is capable of securely storing data that uniquely identifies the card and authenticates the cardholder. SET uses powerful encryption technology to protect payment details sent over the Internet. The combination of the EMV chip standards and SET provides unparalleled end-to-end security. It means that card issuers can provide assurance to both cardholders and retailers that their transactions are legitimate and each party has been authenticated. This provides the most sophisticated alternative so far for banks to deliver safe and convenient shopping on the web. Olivier Stoica, E-Commerce Manager at Europay International, commented, "We are delighted to offer our member banks a sophisticated payment solution that will certainly help unleash the potential of Internet-based e-commerce. Chip cards and SET will provide consumers with the peace of mind they need to shop safely on the web. Chip payments are a key enabler to jump-start the e-commerce market, especially in Europe where most chip cards are issued today." "MasterCard sees electronic commerce as a key environment for demonstrating the value of smart card solutions to our members," added Mike Harris, Senior Vice-President, Global Chip, MasterCard International. "This excellent specification from EMVCo will foster the convergence of two emerging technologies, and provide a consistent framework for further development throughout the chip and e-commerce markets." Joe Chouinard, Vice President, New Delivery Channels, Visa International, said, "The beauty of this specification is that it will help to open up new business opportunities for banks while making the most of existing smart card investments. The smart card offers a straightforward and secure way to pay in all the electronic commerce environments, from the home PC to exciting wireless devices, such as mobile phones." The technical specifications are publicly available on the EMVCo website at: www.emvco.com and on the SETCo website at: www.setco.org. Notes to Editors: EMV EMV stands for Europay-MasterCard-Visa - a joint industry-working group created to facilitate the introduction of chip technology into the international payment systems environment by developing joint specifications for Integrated Circuit Cards (ICC) and terminals for Payment Systems. EMV' 96 serves as the global framework for chip card and terminal manufacturers worldwide. SET SET - Secure Electronic Transaction(TM) - is a technical specification for securing payment card transactions over open networks such as the Internet. SET maintains the confidentiality of messages, ensures that messages are not amended by unauthorized people, and authenticates the parties involved in a transaction so that both cardholders and merchants are assured that the other is genuine. SET was developed by Visa and MasterCard, with participation from several technology companies, including Microsoft, IBM, NetScape, SAIC, GTE, Terisa Systems and VeriSign. --30--slt/sf* CONTACT: Europay International Richard Tischler, +32 2 352 53 04 rtt@europay.com or MasterCard International Christina Costa, +1 914 249 4606 christina_costa@mastercard.com or Visa International Colin Baptie, +1 650-432-4671 cbaptie@visa.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: BANKING RETAIL CONSUMER/HOUSEHOLD E-COMMERCE INTERNET businesswire.com steve