GlobeSet Inc. is licensing the elliptic curve cryptography system of Certicom Corp.

GlobeSet said it will integrate elliptic curves into its secure credit card software for Internet payments-a virtual wallet and point of sale, a payment system gateway, and certificate authority.

The card industry's security standard, SET, requires numerous, complex mathematical operations that could be accelerated with the elliptic curve method of calculation.

Philip Deck, president of Toronto-based Certicom, said that, with the license, Certicom combines its "ability to provide cryptographic solutions for every segment of the digital infrastructure (with) GlobeSet's advantage in the e-commerce industry."

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