Oki Electric strengthens partnership with Globeset to develop new payment
systems for Internet-enabled mobile phones
New software will ensure secure transactions via i-mode*1
terminals
October 4, 2000, Tokyo, Japan -- Oki Electric Industry Co., Ltd.,
today announced it has strengthened ties with Globeset, a leading global supplier
of ePayment and cash-management products and services, to create solutions that
will ensure highly secure and convenient payment over the Internet, including
by mobile phone. The new capability will integrate Oki Electric's mobile phone
interconnect technology with Globeset's server-based ePayments technology.
"Japan's market for Internet-based mobile communications is rapidly expanding,"
said Kazushige Matsui, general manager of Oki Electric's Business Solutions Division.
"Developing secure payment systems for Internet-based purchasing, including those
made by mobile phones, are essential to strengthening the public's confidence
in this new technology and, ultimately, realizing this market's vast business
potential."
Oki Electric provides Japanese customers with a wide range of eCommerce solutions,
and has been marketing since 1998 Globeset's ServerWallet™
*2 and ServerPOS™ *3. These ePayment
products, the world's first server-based SET Secure Electronic Transaction™
*4 systems, are uniquely able to provide the level of security and
privacy eCommerce buyers, sellers and financial-service providers demand.
"Enhancing our ties with Oki Electric and its mobile-phone technology," said
Jack Antonini, Globeset president and CEO, "represents a significant leap forward
for Globeset in the Japanese market, where the demand for more secure ePayment
services is growing rapidly."
The strengthened alliance provides Oki Electric with access to key Globeset
technology, including source coding, and will result in joint development of new
technologies and products especially suited to Japanese needs. Local support and
maintenance will also be provided.
Oki Electric is planning a commercial launch by the end of this October of
a secure Internet payment system for mobile phones equipped with i-mode, NTT DoCoMo's
wireless Internet service. The new system also features a new Globeset-developed
SET protocol - online PIN extension (OPE)*5 functions. This leading-edge protocol enables consumers to use their ATM cards
for payments at merchant Internet sites.
"We believe the synergy between our two companies," said Matsui, "will provide
our customers with even more excellent ePayment solutions, especially for mobile
phones. The result will accelerate development of eCommerce in Japan."
Services based on these new products will also be available from Payment First
Corporation, which was established on June 20, 2000, by Oki Electric, NTT Data,
NTT Communications, NTT DoCoMo and others to support the Internet payment infrastructure.
About Oki
Founded more than a century ago in 1881, Oki Electric Industry Co., Ltd. is Japan's
first telecommunications maker. With more than 25,000 employees worldwide, Oki
Electric provides customers with top-notch components and technologies for telecommunication
systems, information systems and electronic devices.
About Globeset
Based in Austin, Texas, Globeset (www.globeset.com) is a leading global source
of innovative ePayment infrastructure and electronic cash-management solutions.
Globeset ePayment solutions enable globally consistent and secure connections
- anytime, anywhere - among eCommerce buyers, sellers and their financial-service
providers. Globeset cash-management solutions empower any multi-location organization
to automate verification, reconciliation, research and exception resolution for
depository accounts, credit-card receipts and disbursements.
Notes:
- i-mode is a registered trademark of NTT DoCoMo
- ServerWallet: Globeset's server-based digital wallet, along with an optional
Certificate Authority, provides online, card-payment capabilities supporting SET
Secure Electronic Transaction?, Secure Sockets Layer (SSL), and form-fill capabilities.
- Server POS: Globeset's server-based POS (Point of Sale) system with optional
Gateway and Certificate Authority modules, provides SSL and SET card acceptance
and payment processing; eliminates the need for online malls to host their own
POS systems.
- SET Secure Electronic Transaction™: A global protocol, which Globeset helped
develop, to validate buyers' and sellers' identities and ensure online card transactions
are secure.
- online PIN extension (OPE): A new SET protocol of online debit transaction
that safely delivers a personal identification number (PIN).
Press Contact:
Public Relations Division
Phone: +81-3-3580-8950 |
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