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Article: Network for Electronic Transfers conducts live SET transaction in Singapore using HP and VeriFone Internet payment solution; NETS implements pilot solution to accelerate Internet commerce.
- Article from:
- Business Wire
- Article date:
- July 2, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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REDWOOD CITY, Calif.--(BUSINESS WIRE)--July 2, 1997--VeriFone Inc., a wholly owned subsidiary of Hewlett-Packard Company, today announced that Network for Electronic Transfers (Singapore) Pte Ltd. (NETS) has chosen VeriFone and HP to establish and support its complete, end-to-end Internet payment pilot in Singapore.
NETS conducted live MasterCard and VISA Internet payment pilot transactions using the Secure Electronic Transaction (SET) protocol. NETS expects to have production launch of this solution later this year.
Using both MasterCard and VISA credit cards, Lau Chan Sin, chairman of NETS, today purchased golf clubs from Plaza One's Internet ...