In their strongest, most unified show of support for Internet payment security, the top four global card companies said they will form a joint venture to coordinate and promote the Secure Electronic Transactions program.

The venture, tentatively called SETCo, will be responsible for technical and administrative aspects of the SET 1.0 standard that MasterCard International and Visa International published last February.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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