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The Wall Street Journal, Sept 27, 1995
Microsoft and Visa Expected to Unveil Internet Technology
By a WSJ Staff Reporter
New York -- Microsoft Corp. and Visa International are
expected to disclose details today of their technology for
protecting commerce on the lnternet.
The software company and bank clearinghouse have been
working since last November on a plan for protecting
creditcard numbers and other financial data from crooks, a
major obstacle to the widespread use of computer networks
for buying goods and services. As the largest players in
software and credit cards, Microsoft and Visa wield
considerable clout among a crowd of companies vying to set
electronic-security standards.
Their proposed specifications, calied Secure Transaction
Technology, or STT, is partly based on a data-encryption
technology popularized by RSA Data Security Inc., a closely
held company in Redwood City, Calif.
Other key players in the Internet-security race include
MasterCard International Inc., the other name in bank
cards, and Netscape Communications Corp., a leader in
Internet software that has suffered some highly publicized
security lapses lately. MasterCard announced plans to
collaborate with Visa on security technology in June, but
isn't expected to take part in the latest Visa-Microsoft
announcement.
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