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  • Fuji Bank, 3 Others to Run EC Test with GlobeSet’s Solutions
  • January 7, 1999 (TOKYO) — Fuji Bank Ltd., Oki Electric Industry Co., Ltd., Credit Saison Co., Ltd. and Dai Nippon Printing Co., Ltd. announced that they would start a cooperative experiment to verify a system for electronic commerce based on the Secure Electronic Transaction (SET) protocol in late 1999.
    The Japanese version of GlobeSet Payment System, a software package developed by GlobeSet Inc. of the United States, will be used for the experiment.

    SET is the communication protocol for transaction processing, which Visa International and MasterCard International Inc. of the United States use for payment card settlements on the Internet.

    The verification experiment by the four companies is a part of the “Project for Development and Verification of Advanced Information Systems” promoted by the Ministry of International Trade and Industry (MITI) together with the Japan Information Processing Development Center, a MITI affiliate.

    The Japanese version of GlobeSet Payment System, which features keeping down initial costs and operating costs, will be subject to an examination for the start of the experiment. GlobeSet Inc. participated in establishing SET’s parameters.

    For this experiment, Oki will develop a server application as a combination of GlobeSet ServerWallet, a server application that also provides the function of a client machine for card users, and GlobeSet POS, which functions as a POS terminal.

    The server application will be tested in connection with the EC system already operated by Credit Saison, Fuji Bank and Dai Nippon Printing. The experiment is expected to confirm the cost-effectiveness of the new server application as well as its compatibility with the current system.

    Related story: Oki, Compaq, Globeset Tie Up on E-settlement System

    (BizTech News Dept.)



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