Visa and Mastercard face rival ecommerce security system. A group of electronic payment and IT companies have developed a security system to protect credit card payments on the Internet that they claim will outperform a similar system already developed by Mastercard and Visa.
Account Authority Digital Signature (AADS) will compete with Mastercard and Visa's SET (Secure Electronic Commerce) system, which has been widely criticised as slow and inflexible. AADS is backed...
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