When will Talking Systemz Corporate support the new SET security standard that is being promoted by Visa and MasterCard?
The SET standard is designed to offer a higher degree of security for Internet credit card transactions. Visa and MasterCard completed work on the SET standard in 1997, but its implementation has not been a success. The implementation of the SET standard is cumbersome, because it requires that customers use special software on their computers to make a purchase. Currently, SET is not supported by any of the major Web browser programs, nor by any of the major Indian credit card banks. Talking Systemz Corporate will continue to monitor the progress of SET implementation. ICICI bank has taken the initiative in India & their systems are ready. We look forward to supporting the SET standard, as soon as the major banks and software manufacturers support it.
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