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. Last Updated: 07/27/2016


?MasterCard International and Visa International are expected to announce a standard technology to protect the security of electronic payments, The New York Times reported Jan. 25.

Industry executives told the newspaper they expect the standard, called Secure Electronic Transactions, to go into use before the end of the year.

Merchants would receive from purchasers a scrambled credit card number that would be deciphered by a special code.

Netscape Communications Corp and Microsoft Corp plan to incorporate the standard into their Internet software to protect on-line credit card transactions, the paper said.

Netscape and Microsoft had backed rival programs seeking the security of on-line transactions. Netscape worked with MasterCard and Microsoft had formed an alliance with Visa.

Testing of the new format is expected to start this spring, The New York Times said. (Reuters)

?A battalion of photographers like the team that captured everyday lives in the "Day in the Life" books on the United States, China, the Soviet Union and elsewhere has set its sights on a new target: cyberspace.

On Feb. 8, more than 1,000 professional, student and amateur photographers worldwide will spend 24 hours documenting the online revolution from New York boardrooms to rural Nepal to dog sleds at the North Pole -- and putting their pictures on the global Internet computer network instantly for all to see.

The project has already staked out a space on the Internet, with a site on the World Wide Web (, the point-and-click section of the Internet enlivened by pictures, sound and video.