GlobeSet Inc., the world’s largest provider of SET Secure Electronic Transaction software for OEM solutions, has announced a new OEM channel partner to expand its worldwide market presence in the electronic commerce payment transaction arena.
InfiniCom Electronic Commerce AB of Sweden has inked an agreement to market, integrate and support the GlobeSet Payment System(tm) to banks and retailers in Scandinavia. InfiniCom Electronic Commerce AB, established in 1997 as a subsidiary to InfiniCom AB, is a distributor offering customers complete electronic commerce solutions over the Internet.
InfiniCom provides software, consulting, system integration and support center services. Among its customers in Sweden are the National Swedish Post Office, TELE2, the largest Internet provider, and Enator, the second largest consulting firm. The company is based in Sweden, with an office in Oslo, Norway.
The GlobeSet Payment System is an end-to-end solution for customers to conduct secure payment card transactions over the Internet. It implements the SET standard and consists of the following software applications:
— GlobeSet Wallet – a cardholder application that stores a buyer’s account information and communicates with merchants;
— GlobeSet POS – a payment server application that connects the merchant to the buyer’s cardholder application and to the financial payment gateways;
— GlobeSet Gateway – a payment gateway application connecting the merchant to the payment processor’s legacy systems for payment authorization;
— GlobeSet CA – a digital certificate authority application that generates and manages the identification certificates supporting SET, public-key encryption.
Three of the applications, the GlobeSet Wallet, GlobeSet POS and GlobeSet CA have been awarded SET Marks by SETCo, an organization established by Visa and MasterCard to manage and promote the global adoption of SET. SET is the emerging standard for secure payment card transactions over the Internet.
The awarding of a SET mark signifies that each application has been determined to be compliant with the SET 1.0 protocol, which provides a higher level of confidence and authentication for payment card transactions made over the Internet. Austin-based GlobeSet is the only SET software vendor in the world to receive SET Marks for its wallet, payment server and certificate authority applications.
“We are confident our relationship with InfiniCom will grow and flourish to provide customers with solutions for secure Internet transactions,” said Dennis Jolly, vice president, Sales, Marketing and Operations, GlobeSet. “With GlobeSet’s industry-leading SET Marks and guarantee that we will interoperate with other vendor products that receive a SET Mark, we believe we are in a prime position to provide products for InfiniCom as they provide integrated solutions for their customers.”
“We are very happy about our relationship with GlobeSet because their products help us with our business strategy,” said Ulf Thornquist, managing director, InfiniCom. “With this partnership we can deliver the necessary tools and the best e-commerce solutions on the Internet for customers in the entire Nordic region.”
GlobeSet is the world’s largest provider of SET software for OEM solutions. GlobeSet provides all four SET applications, including GlobeSet Wallet, GlobeSet POS, GlobeSet Gateway and GlobeSet CA. All products are in general availability, offer multi-platform support and fully support secure hardware cryptography and key management.
With offices in the United States, Europe and Asia Pacific, GlobeSet has implemented numerous SET solutions around the world for major banks, retailers and financial processors. GlobeSet is a strategic SET solution provider for OEMs worldwide. Founded in 1994, GlobeSet Inc. is a privately held corporation headquartered in Austin, Texas. Additional information about GlobeSet can be found at .Details