Oracle Corp and Verifone Inc yesterday announced their answer to the perceived Internet security problem for financial transactions. The products combine Oracle’s WebServer software and Verifone’s secure payment software. For consumers, Oracle will sell a new Web browser that contains simplified commands to complete a transaction. Wells Fargo Bank already has committed to using the software, which verifies a credit card transaction immediately rather than in batch; it ships in late summer. VeriFone’s Pay Window software will provide transaction options, such as different credit cards, and make the PowerBrowser easier to use. The two companies also said that they will develop new Oracle/VeriFone Internet Gateway software to be used by financial institutions and others, for accepting transactions for payment over the Internet.
