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Secure Electronic Transaction (SET) is a communications protocol standard for securing credit card transactions over networks, specifically, the Internet.SET was not itself a payment system, but rather a set of security protocols and formats that enabled users to employ the existing credit card payment infrastructure on an open network in a secure fashion.
ISO 8583 is an international standard for financial transaction card originated interchange messaging. It is the International Organization for Standardization standard for systems that exchange electronic transactions initiated by cardholders using payment cards.
At present, NYCE is the primary network of 301,500 ATMs with a customer base of 89 million users. NYCE is no longer owned by New York and Boston banks; it was wholly owned by Metavante Corporation, formerly a subsidiary of M&I Bank and based in the Milwaukee suburb of Brown Deer, Wisconsin.
The Payment Card Industry Security Standards Council (PCI SSC) was formed by American Express, Discover Financial Services, JCB International, MasterCard and Visa Inc. on 7 September 2006, [1] with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard.
[2] with the intention of improving the security of Internet payments, and offered to customers under the Verified by Visa brand (later rebranded as Visa Secure). Services based on the protocol have also been adopted by Mastercard as SecureCode (later rebranded as Identity Check ), by Discover as ProtectBuy , [ 3 ] by JCB International as J ...
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech , and as of Q2 2024 it offers its solutions in two primary segments: Banking Solutions & Capital Market Solutions.
Metavante corporation was originally formed as M&I Data Services in 1964 as a subsidiary of the Marshall & Ilsley Corporation (NYSE: MI). [5] The company established the first Remote Banking operation in the United States in 1967.