Inching closer toward full-blown electronic commerce, VeriFone began shipping products based on the SET 1.0 protocol, a move that could enable it to pull ahead of IBM in the battle for gateway market share.

Thirty-eight banks and processors will deploy the SET products, including vGate, vPOS and vWallet. "This is going to help break the logjam in this whole business," says VeriFone's George Hoyem, vp and general manager, Internet commerce division.

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