TO UNSUBSCRIBE: email "unsubscribe issforum" in the body of your message to
[EMAIL PROTECTED] Contact [EMAIL PROTECTED] for help with any problems!
----------------------------------------------------------------------------
On Tue, 14 Nov 2000 09:03:16 +0000, you wrote:
>
>TO UNSUBSCRIBE: email "unsubscribe issforum" in the body of your message to
>[EMAIL PROTECTED] Contact [EMAIL PROTECTED] for help with any problems!
>----------------------------------------------------------------------------
>
>You can find the VISA standards at https://www.visa.com/nt/gds/main.html
>
http://www.visa.com/av/news/PRmisc01102000.vhtml has the following... Note
that the EMV standards are available at the EMVCo site noted in the message.
EMV covers EuroCard, Mastercard and Visa, and is a unified standard covering
ALL three cards. Use that information as a fairly good starting point.
RSH
=========================================================================
Europay, Mastercard and Visa to Enable Secure Chip Card Payments Over the
Internet
SAN FRANCISCO, January 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� 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 Editor:
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� - 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.
� Copyright 1996-1999, Visa International. All rights reserved.
