Terisa Systems Inc. said it has been chosen by MasterCard and Visa to provide a working model, or reference implementation, of their Secure Electronic Transactions protocol.

The protocol, known as SET, was adopted earlier this year to conduct credit card transactions safely over the Internet. Terisa's technology will be available later this year through the MasterCard and Visa Web sites to developers of systems that incorporate SET.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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