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
Uber sells Indian food delivery arm to Zomato
In exchange for a near 10% stake in Zomato.
The decline of social media: Facebook and Twitter leave us wanting
Social networks stopped being happy places some time ago. Some say that’s a reflection of our society, others an illusion brought about by algorithmic manipulation. But both sides ...
Singapore, New Zealand, and Chile inch towards digital economy pact
Having wrapped up negotiations for the Digital Economy Partnership Agreement, which encompasses various components including digital identities, artificial intelligence, ...
CRM and customer-centricity are code words for customer engagement and customer experience
Brian Solis explores the value of customer-centricity from both the lens of human beings and of data, as well as what Salesforce is doing about it with Customer 360 Truth. ...
Meet the next digital decade: Middle East experts' tech predictions for 2020
The tech that will shape the Middle East, from 5G and 4G adoption, upheaval in finance, to shifts in retail and AI.
Money laundering: This startup thinks its tech can prevent another banking scandal
An Estonian startup says it can stop a repeat of the multi-billion Scandinavian bank money-laundering scandal.
Samsung retains CEOs in annual reshuffle
The annual changes were finally revealed after being pushed back because of the criminal trials faced by its de facto leader.
Why this city wants tech startups and developer jobs to heal its civil war wounds
Vukovar, a small city between Croatia and Serbia, is being transformed by the growth of the Balkan IT industry.
Microsoft's ambitious plan to remove its entire carbon footprint
Microsoft agrees with climate experts, that the world must take urgent action to bring down emissions.
Join Discussion