Payment Protocols

Juan A. Garay (garay@watson.ibm.com)
Thu, 27 Apr 1995 20:27:19 +0500

Reference: Your note of Thu, 27 Apr 1995 19:07:36 +0500

Hi Don,

> Hello,
> I think a complete look at payment protocols should include Secure Transaction
> Technology (STT) from Microsoft and VISA. They are said be planning a beta in
> late summer and a SDK by the end of the year.
> Even if some other protocol ends up being supported by w3c, some form of
> positioning and rationalization will have to be done.
> Having multiple "defacto standards" will probably slow down market acceptance
> overall. Therefore, we need to beable to make it easy for customers/users to
> understand even if there is more than one protocol available.
> comments?
> Don

The problem with MC/Visa's STT is that is not open, so we won't be
able to see what they have until they come out (_when_ they come out),
and the rest of the industry can't wait until they do. A virtue of an
open proposal is that its soundness can be double-checked by everybody.

Cheers,
Juan