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The Healtheon/WebMD Corporation, which connects consumers, doctors and other providers on the Internet, said yesterday that it would buy the Envoy Corporation, the electronic transaction unit of the Quintiles Transnational Corporation, in a deal valued at $2.5 billion.
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Concord and Star provide electronic transaction authorization to supermarkets, convenience stores and gas stations.
It is among a group of companies that act as the plumbing in the electronic transaction chain, authorizing millions of transactions a day.
Similar means are available to ensure that parties to an electronic transaction cannot later repudiate their participation.
This is a completely electronic transaction".
A payment terminal: the peripheral, autonomous device responsible for performing electronic transaction.
Many aspects of electronic transaction are not clear in laws and rules.
The proposed protocol is designed based on the Secure Electronic Transaction (SET) and healthcare Electronic Data Interchange (EDI).
From the technical point of view, a POS device usually consists of two physical devices: (1) A POS terminal: the main unit, responsible for tracking and recording customer orders, managing inventory, creating printouts, etc. (2) A payment terminal: the peripheral, autonomous device responsible for performing electronic transaction.
To solve the problem, MasterCard and Visa have specified a standard known as secure electronic transaction, or SET.
A provider of electronic transaction processing services beat the street's third-quarter estimates, sending shares up about 3%.
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