commerce power April 16, 1997 VeriFone unveils SET software January 27, 1997 For e commerce, all systems go December 30, 1996 Color digital camera offered for $250 June 28, 1996 Call it a one two punch. Hewlett Packard’s $1.18 billion acquisition of VeriFone will give the computer giant large, immediate entry into the Internet commerce arena and will establish it as a formidable competitor to IBM in selling to financial services firms. cheap Michael Kors handbags Hewlett Packard’s surprise acquisition Michael Kors handbags cheap of the payments cheap michael kors infrastructure company is likely to change the way the game cheap michael kors is played. HP, which has only dabbled in Internet commerce, is teaming up with VeriFone, by far the largest online payments technology player. HP’s financial resources of $38.4 billion in annual revenues will bolster VeriFone’s pittance of $437 million per annum; the combined financial and technical resources of the companies threaten to overwhelm other players in the Net payment space. But not Big Blue. Selling to banks and financial services firms is IBM’s largest vertical market, according to Karl Salnoske, general manager of IBMs Internet applications unit. Analysts say the acquisition gives HP capabilities to rival IBM’s efforts in Michael Kors the Internet commerce space. “IBM is the only other player I know of that has all the components Internet commerce in place, but IBM is concentrating on the corporate buyers,” said Barbara Ells, analyst with Zona Research. “It looks like Microsoft and HP are focusing on smaller enterprises.” IBM’s Salnoske noted approvingly that HP had specifically mentioned its interest in secure credit card transactions over the Net in its announcement. “It’s one more vote for standards in the payment space, obviously something we are involved in,” he said, mentioning the Visa Mastercard Secure Electronic Transactions protocol, or SET.
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