takes a new step forward as Air Travel Card becomes one of the first charge cards to offer Secure Electronic Transaction (SET) technology on a widespread, permanent basis. SET is the standard developed for conducting secure credit card transactions on the Internet.
Air Travel Card has developed a long term E-Commerce plan that includes the use of SET. ATC is building a complete infrastructure that will enable airlines and cardholders alike to enjoy the benefits of Air Travel Card from through the Internet.
In addtionion, ATC is providing American Airlines, Lufthansa German Airlines and Swissair with VeriFone vPOS software, which will enable them to accept the Air Travel Card as a form of payment over the Internet. These airlines, in turn, are providing their Air Travel Card subscribers with compatible vWALLET software from VeriFone to complete electronic transactions.