Spyglass and Microsoft Partner on Secure Transaction Technology for Internet and Other Platforms

Spyglass, Inc. and Microsoft Corporation have announced a significant partnership, with Spyglass becoming the developer and prime licensee of Microsoft's and Visa International's Secure Transaction Technology (STT) for multiple platforms, including Windows, Macintosh, and UNIX. This technology aims to provide a secure method for handling credit card transactions across private and public networks. As prime licensee, Spyglass will be granted sub-licensing rights for both client and server STT implementations on all platforms.

Key Takeaways:

Spyglass will develop and license Secure Transaction Technology (STT) for Windows, Macintosh, and UNIX platforms, making it a leader in deploying this new technology.
As prime licensee, Spyglass will have sub-licensing rights for both client and server STT implementations on all platforms.
Microsoft chose Spyglass for its partner-based business model and leadership in open standards.
The STT specification was jointly developed by Microsoft and Visa to provide a secure method for handling credit card transactions across private and public networks.
Spyglass has a customer base and technology partners who will be key to creating market acceptance of STT.
The partnership will drive the creation of an open specification for making electronic commerce on the Internet a reality.
Spyglass' principal product, Spyglass Mosaic, is a client technology for accessing the World-Wide Web.
The company's technology is currently licensed by 36 customers, including AT&T, Digital Equipment Corp., IBM, Microsoft, and Oracle.

Statistics:

36 customers license Spyglass' technology, including AT&T, Digital Equipment Corp., IBM, Microsoft, and Oracle.
Spyglass' technology is embedded in over 80 Internet-based products and services.
The company has a leadership position in deploying STT technology.

Sources:

PR Newswire
Spyglass, Inc.*