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Pilot will provide ability to conduct secure transactions
Secure credit-card transactions over the Internet are moving closer to fruition. Bank of America, Visa, and online merchants are launching pilot tests and industry initiatives that promote SET-the Secure Electronic Transaction protocol.
Backed by Visa International Inc., Bank of America in September will launch a pilot test that will let nearly 500 of its employees use their Visa cards to buy products online using SET-based digital certificates. SET encrypts credit-card...