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Re: Q: "gisha yashira" for Bank Leumi
Eli Marmor <marmor@elmar.co.il> writes:
> > > Pardon my ignorance, what is this S.E.T. thing?
> >
> > SET or SETI? SET is owned by VISA (not VISA CAL, the REAL VISA) and is
>
> Visa *AND* MasterCard. The original idea was true and positive, and
> it even gave electronic transactions additional advantages over phone
> or other credit card payments: The number is not uncovered, even to
> the seller/vendor, the deal is confirmed, etc. Unfortunately, Visa
> and MasterCard wrote a too complex spec (don't expect it to be a 2
> pages document, or even 200 pages; it is really complex...), probably
> in order to keep their unique control over the implementation.
> Moreover, there is no transparent implementation (like a Java applet)
> but you need a special plug-in. I am afraid these companies don't
> understand the full meaning of open world and global Internet.
>
Too bad. However, there is an OFX standard, which is actively pushed
by many companies, so at some stage VISA et al may accept it.
Still, the "gisha yashira" thing has nothing to do with VISA - it's a
Leumi proprietary protocol. And, being familiar with the quality of
the program they offer (who else on god's green Earth would succeed
writing a program, that works with Hebrew edition of Windows 95 but
doesn't work with vanilla W95, yet it offers *both* English and Hebrew
operation modes?!?!?!?!) I guess the protocol is far from being a
masterpiece of programming... :-)
--
Alexander L. Belikoff
Bloomberg L.P. / BFM Financial Research Ltd.
abel@bfr.co.il