Applied Communications, Inc., GlobeSet, Inc., Hypercom Corporation and Tandem Computers, a Compaq Company, announce plans to take a leadership role in making Electronic Commerce (EC) products interoperable. The four will use established ISO 8583 messaging formats to enable existing transaction authorization systems at financial institutions, processors, and switch networks around the world to authorize electronic commerce transactions secured by Secure Electronic Transaction (SET) or Secure Sockets Layer (SSL) protocols. The ISO 8583 messaging format is not an alternative to SET or SSL. It will be used in conjunction with these protocols to enable card authorization systems to route and authorize purchase transactions initiated on the Internet.
To date, implementation of EC programs like Internet shopping have required custom interfaces to existing card authorization systems. The goal of this effort is to use standards to link EC technologies and existing card payments systems; extend the interoperability of programs like SET; and promote the growth of EC by making it cost effective and timely to implement.
ISO 8583 is an open standard widely used to transmit financial transactions between merchants, institutions, switch networks and processors. The plan to implement ISO 8583 to pass transactions between EC technologies and existing payments systems is a natural extension of the standard.
“Our customers are increasingly interested in finding ways to integrate EC into their existing BASE24 authorization platforms,” says Dan Heimann, director of Strategic Marketing at ACI. “Implementation of an ISO 8583 interface will allow our BASE24-pos customers to process transactions generated by merchant servers and SET technology just as they would a traditional point-of-sale transaction. Because it is an open standard, use of ISO 8583 is not exclusive to ACI, GlobeSet, Hypercom or Tandem. We have come together to prove its use as a tool to link existing systems and emerging EC technologies.”
As a leading developer of SET solutions, GlobeSet offers one of the most advanced suites of SET 1.0 products available, including the cardholder wallet, the merchant point-of-sale application, the financial processor gateway and the certification authority (CA). “The use of ISO 8583 messaging formats will greatly enhance the already high level of interoperability between GlobeSet products and other technology, including existing card payment systems like BASE24-pos,” said Dennis Jolly, vice president, sales and operations at GlobeSet.
“Hypercom continues to support the ISO 8583 standard as a message format that will allow our customers to migrate to new technology, such as Electronic Commerce, without replacing or changing existing systems. Our partnerships with GlobeSet and ACI provide SET interoperability and a seamless migration path for our customers using BASE24,” said Ted Cole, vice president, Pinnacle Software Products Group at Hypercom.
“The ISO 8583 standard reinforces Tandem’s iTP (Internet transaction processing) strategy by offering our customers the interoperability necessary for electronic transactions between buyers, merchants and banks,” said Patrick Smyth, vice president of Worldwide Marketing at Tandem. “Tandem provides improved electronic payment delivery to customers for their existing private networks, and now also provides a consistent path with ISO 8583 to support transactions over the public network.”
Founded in 1974, Tandem, a Compaq company, designs and delivers technology solutions that companies rely on to compete in a business world that runs 24 hours a day. Headquartered in Cupertino, Calif., Tandem has offices, strategic partners, and service providers in more than 50 countries. Tandem press materials are also available on NEWSdesk International on the World Wide Web at
Hypercom Corporation is a leading supplier of point of sale (POS) hardware, software and network payment automation products. For more than a decade, Hypercom has been providing solutions for delivering and processing financial transactions which enable end users to easily add evolving payment applications and expand their POS networks. Headquartered in Phoenix, AZ, Hypercom markets its products in more than 50 countries via 65 global distributors.
GlobeSet has been at the center of SET development since its introduction. The company is part of the SET design team, has served as a charter member of the SET Business Review Panel and has passed SET compatibility testing sponsored by VISA and MasterCard (May, 1997). Founded in 1994, GlobeSet, Inc. is a privately held corporation headquartered in Austin, Texas. Strategic equity investors include Bankers Trust, Tandem Computers (a Compaq Company), and Verity, Inc. Additional information about GlobeSet can be found at .
Applied Communications, Inc. is a subsidiary of Transaction Systems Architects, Inc. (Nasdaq: TSAI). Transaction Systems’ software facilitates electronic payments and electronic commerce by providing consumers and companies access to their money. The company’s products are used to process transactions involving credit cards, debit cards, smart cards, remote banking services, checks, wire transfers and automated clearing and settlement. Its solutions are used on more than 2,500 product systems in 68 countries on six continents. Visit TSA and ACI on the World Wide Web at .Details