slight mainframe related trivia. chip&protocol had a booth at the '99 world-wide retail banking conference ... along with press release ... in this old post http://www.garlic.com/~lynn/ansiepay.htm#x959bai X9.59/AADS announcement at BAI
leading up to the conference ... we spent a lot of time with one of the other companies including regular meetings with their CEO ... who in prior life had been president of DSD (pok mainframe). a lot of the work had started in the x9a10 financial standard working grop which had been given the requirement to preserve the integrity of the integrity of the financial infrastructure for *ALL* retail payments ... and as a result it was required to not only work for point-of-sale ... but *ALL* payments (including internet). The downside was that eliminating much of the fraud&risk it commoditized payments and reduced barriers to entry. '99 was also the year that GLBA passed (now better known for repeal of Glass-Steagall), rhetoric on the floor of congress was the (original) primary purpose of GLBA was to prevent new entries into banking (especially prevent competition from entities with much more efficient technologies). -- virtualization experience starting Jan1968, online at home since Mar1970 ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
