Corporate Profile for GlobeSet, Inc., dated May 16, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 16, 1997
Company Name: GlobeSet, Inc.
Address: 1250 Capital of Texas Hwy. So.
Building One, Suite 300
Austin, TX 78746
Main Telephone
Number: 512/427-5100
Internet Home
Page Address
(URL): http://www.globeset.com
Chief Executive
Officer: Mr. Michael Cation
Chief Financial
Officer: Mr. Robert Anderson
Investor Relations
Contact: Mr. Michael Cation
Business number: 512/427-5110
Public Relations
Contact: Mr. Richard Cole
Business number: 512/427-5114
Industry: Computers/Electronics
Company description: GlobeSet is the world leader in providing SET-based, software solutions for secure electronic transactions Secure Electronic Transaction (SET) is a standard protocol for securing credit card transactions over insecure networks, specifically, the Internet. SET is not itself a payment system, but rather a set of security protocols and formats that enables users to employ the existing over the Internet, including credit card or payment card purchases. Developed by Visa and MasterCard, the Secure Electronic Transactions (SET) protocol is the emerging standard for secure, Internet-based, financial transactions. GlobeSet is one of only four companies that have completed the recent SET compatibility testing Compatibility testing, part of software non-functional tests, is testing conducted on the application to evaluate the application's compatibility with the computing environment. sponsored by Visa and MasterCard. GlobeSet Payment System, GlobeSet's comprehensive SET solution, includes: -- GlobeSet Wallet, a cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold application that stores abuyer's account information and communicates with merchants -- GlobeSet POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale , a software point-of-sale device that connects the merchant to the buyers' electronic wallets and to the financial payment gateways -- GlobeSet Gateway, a payment gateway application connecting the merchant to the payment processor's legacy systems for payment authorization -- GlobeSet CA, a digital certificate application that generates and manages the digital identification certificates required by SET-based, public-key encryption (cryptography) public-key encryption - (PKE, Or "public-key cryptography") An encryption scheme, introduced by Diffie and Hellman in 1976, where each person gets a pair of keys, called the public key and the private key. GlobeSet's product family supports multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms. and multiple payment mechanisms for credit card purchases, wire transfers, micropayments and other transactions. Founded in 1994, GlobeSet, Inc. is a privately-held corporation headquartered in Austin, TX. Strategic equity investors include Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. , Tandem Computers (company) Tandem Computers - A US computer manufacturer. Quarterly sales $544M, profits $49M (Aug 1994). Incorporated and Verity, Inc. CONTACT: GlobeSet, Inc. |
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