GlobeSet Inc. announced the general availability of its Gateway 1.3, the first gateway software to be certified as in compliance with the Secure Electronic Transaction 1.0 standard.
Gateway software links an on-line merchant to a bank's or merchant- acquirer's processing systems. Above and beyond SET compliance, GlobeSet guarantees that its product will interoperate with any similarly certified wallet, point of sale, or certificate authority system.
GlobeSet, founded in 1994 and backed by Bankers Trust Corp.'s BT Ventures, sells its systems globally through OEM-original equipment manufacturer-channels. For example, it supplies SET certificate capability to Entrust Technologies Inc. and developed a Base24 adapter for that widely used transaction processing system of Applied Communications Inc.