MasterCard International and Visa International announced the publication Tuesday of their revised Secure Electronic Transactions protocol for card payments over the Internet.
The revision incorporates many of the suggestions that came in after the original draft was posted on the Internet's World Wide Web, in February. The card associations said they received 3,000 comments from respondents in 76 countries.
In the next phase, software developers will incorporate SET into their products, and MasterCard and Visa will oversee tests that are expected to result in market offerings by yearend.
Joining in the SET project are GTE, IBM, Microsoft, Netscape, Science Applications International Corp., Terisa Systems, and Verisign. The last two are offshoots of RSA Data Security Inc., the supplier of the data encryption technology underlying SET.