According to reports, major Internet players AOL, Sun and Microsoft and credit card companies Visa and Mastercard are on the brink of agreeing a common standard for online credit card payments.
The companies are set to endorse a technology known as electronic-commerce modelling language (ECML) the Wall Street Journal reports today. The system will allow online retailers to accept credit card payments from users without demanding personal detail form filling each time. For users ECML will form the core of the electronic wallet used to go shopping online. The technology is touted to become the universal online shopping language -- an e-commerce equivalent of HTML.
Full story to follow
Tech Industry
Tech Industry
Innovation
Zuora satisfies Q4 targets, shares down on light guidance
The company reported a Q4 net loss of $20.67 million, up from a loss of $13.4 million in the fourth quarter of fiscal 2018.
Lithuanian man pleads guilty to scamming Google and Facebook out of $123 million
Man posed as hardware vendor to trick Google and Facebook into sending payments to his bank accounts.
Microsoft angers ex-Windows boss: Halting Office 365 sync on his new iPhone is 'crazy'
An apparent test at Microsoft to boost Outlook app installs has really riled former Windows chief Steven Sinofsky.
Google hit with €1.49 billion antitrust fine by Europe over online advertising
Europe hits Google with another fine - this time costing the firm more than one percent of its turnover for breaching antitrust rules.
Android shake-up: Google agrees to promote rivals to its Chrome and search
Android phone owners in Europe will soon be asked which browser and search engine they want to use.
China to lead APAC tech spend, 5G race ahead of global markets
China will remain Asia's largest in terms of tech spending, growing 4 percent this year and 6 percent in 2020, and lead global markets in the 5G race where its investments in telecommunications ...
MongoDB investing 'heavily' on R&D down under
Its global community team is also headquartered in Australia.
Facebook to overhaul ad-targeting system after discrimination complaints
Housing, employment, and credit ads will no longer be hidden from users of certain ethnicity, gender, or age groups.
Tencent to axe 10 percent of senior managers: Report
A number of Chinese tech companies have reportedly announced plans to axe staff despite the claims being denied by China’s official department.
Join Discussion