GlobeSet Provides Entrust Technologies With SET 1.0 Capabilities For Certificates.AUSTIN, Texas--(BUSINESS WIRE)--Feb. 25, 1998-- Certificates Interoperate With Other GlobeSet Products For Comprehensive Solutions GlobeSet, Inc., the largest OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and provider of SET Secure Electronic Transaction 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 (TM) software in the world, has announced that digital certificates from Entrust Technologies are now SET(TM) 1.0-enabled with software from GlobeSet. To be issued by the Entrust/CommerceCA(TM) product, the Entrust certificates are fully interoperable with GlobeSet's wallet, merchant point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ), and payment gateway products. Entrust's new SET capabilities further establish GlobeSet's role as a leader in SET solutions and SET interoperability, as well as Entrust's leadership in Public Key Infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) technology. SET 1.0 digital certificates enable secure payment card transactions over the Internet. All parties involved in a SET transaction must have certificates to validate their identity. These certificates, along with other safeguards provided by SET technology, help create a trusted environment in which goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. can be purchased over the Internet with confidence. Application interoperability is a key factor with SET. All SET transactions require an electronic wallet See digital wallet. for the card holder, a merchant POS application for the merchant server, and a payment gateway application that provides an interface to existing payment card processing systems. These applications, often provided by different SET vendors, must be completely interoperable to support SET transactions. GlobeSet is a leader in SET interoperability. Since last year, GlobeSet has demonstrated interoperability with SET applications from American Express, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) . "SET 1.0 interoperability is key to advancing the growth of flexible and secure payment transactions over the Internet," said Brad Ross, co-founder and executive vice-president, Entrust Technologies, Inc. "With the integration of this leading technology from GlobeSet, the Entrust PKI is extended to cover SET 1.0 certificates. As a result the Entrust PKI is able to manage the full range of certificates a customer may require now and in the future." "GlobeSet is extremely pleased to provide SET 1.0 capabilities to an electronic commerce industry leader like Entrust Technologies," said Dennis Jolly, vice president, sales and operations, of GlobeSet. "We are also excited to offer a fully interoperable SET solution with Entrust Technologies to banks, retailers and financial processors worldwide." About GlobeSet GlobeSet is the world's largest OEM provider of SET software solutions for secure, credit card transactions over the Internet. The company provides applications for the electronic wallet, the merchant point of sale, the financial processing gateway, and the certificate authority. GlobeSet is a member of the SET protocol design team, and has been at the forefront of SET development since its inception. General availability for GlobeSet SET products was announced in December, 1997. GlobeSet is a strategic SET solution provider for Tandem Computers, a Compaq Company. GlobeSet also provides SET solutions to Hypercom Corporation and Sun Microsystems. Founded in 1994, GlobeSet is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation headquartered in Austin. Additional information on GlobeSet is available on the World Wide Web at http://www.globeset.com. -0- GlobeSet, "Global Secure Transactions," and the GlobeSet logo are trademarks of GlobeSet, Inc. SET Secure Electronic Transaction, Secure Electronic Transaction, and SET are trademarks of SET Secure Electronic Transaction, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Used under permission. CONTACT: GlobeSet, Inc., Austin Richard Cole, 512/427-5114 richard_cole@globeset.com |
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