Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: EPS who wrote (25115)	1/26/1999 8:12:00 AM
From: EPS	Read Replies (1) \| Respond to of 42771

Digital Me: Internet Speed ======================================================== Credit Card Issuers, Banks To Unify Internet Settlement Method This Year TOKYO (Nikkei)--MasterCard International, Visa International, Fuji Bank (8317), Chase Manhattan Bank and other financial institutions as well as International Business Machines Corp., Hitachi Ltd. (6501) and other makers of information-communications equipment plan to standardize electronic settlement methods via the Internet by the end of 1999, it was learned Sunday. If such a standardization is realized, customers will be able to have bills for goods purchased at more than 100,000 virtual shops on the Internet charged directly to their bank accounts or to their credit cards. MasterCard is expected to make an official announcement on the scheme in New York soon. Other possible participants for the plan include American Express group, ABN Amro Bank and some 50 other major banks worldwide, as well as Fujitsu Ltd. (6702), NEC Corp. (6701) and Nippon Telegraph and Telephone Corp. (9432). The companies will standardize both their communications and encoding methods. In Japan, Fuji Bank plans to commercialize the new settlement method, in cooperation with IBM. It plans to double the number of virtual shops offering electronic settlements to about 100 in April, with an eye to increasing the network further. (The Nihon Keizai Shimbun Monday morning edition)