Is it possible to operate a successful consortium - by definition, a cooperative effort - with a group of competing companies?

Seven months since it came together, the Joint Electronic Payments Initiative is attempting to answer this question, and to lend direction to electronic commerce at the same time. An international melange of high- profile academics and industry engineers, the organization that members pronounce as "jeppy" is striving to create transactional standards for the Internet while, individually, they keep trying to outdo one another competitively.

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