One of the biggest problems facing would-be entrepreneurs and consumers on theInternet-- keeping credit card numbers secure -- might be solved if a new agreement lives up to its promise. Microsoft and Visa said today they're developing software that by late next year will keep Visa card numbers private by issuing passwords to customers. After that, the firms said, other credit card companies will also be able to use the software. That big-hearted clause drew grudging approval from MasterCard, Visa's main competitor, which said it was "committed to a strategy of supporting the consumers' ability to use card-based payment products anywhere, anytime they choose."Post your opinion on theNew Mediabulletin board.
Last Night's TIME Daily