Verifone Inc. said Tuesday that it has won the race to begin full-scale shipping of products that incorporate the MasterCard-Visa Secure Electronic Transaction protocol for Internet payments.

The Redwood City, Calif., transaction automation company, which created an Internet commerce division in 1995 and had been close to the credit card industry security project for much of the time since, also disclosed the names of 11 major banks and processing companies that are adopting its technology.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.