MasterCard, Visa link for Internet

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MasterCard International and Visa International said Friday they would jointly develop standards to offer secure transactions over the Internet. The two credit card companies said they expect to publish a paper spelling out the standards by September, with a goal of offering transactional capabilities by early next year. The joint effort by MasterCard and Visa is seen as a way to avoid consumer confusion over standards; MasterCard earlier said it would work with Netscape Communications Corp., while Visa said it was teaming up with Microsoft Corp.

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