VERIFONE HAS SOFTWARE FOR COMMERCE ON THE NET
By Adnews Staff
The California-based credit card processing company VeriFone Inc. is coming out with a system to allow consumers to buy things over the Internet. The Wall Street Journal quotes VeriFone vice-president Roger Bertram as saying his company is trying to extend to the Internet what it now does on store counter tops. Bertman is general manager of VeriFone's newly-created Internet Commerce Division. VeriFone recently announced it is going to buy Enterprise Integration Technologies for $28 million(US). The latter is an electronic commerce software firm working on ways to stop hackers from obtaining confidential customer data. Using the VeriFone system customers would use electronic cheques, cash or credit cards to make purchases by computer. They would insert an electronic smartcard in a device attached to the computer to identify themselves. Merchants would use VeriFone software to authorize purchases and to process transactions through banks.