Internet open trading protocol



protocol, business
(IOTP, Formerly “Open Trading Protocol”, OTP) A specification that provides an interoperable framework for Internet commerce. It is optimised for the case where the buyer and the merchant do not have a prior acquaintance and is payment system independent. It will be able to encapsulate and support payment systems such as SET, Mondex, CyberCash’s CyberCoin, DigiCash’s e-cash, GeldKarte, etc. IOTP is able to handle cases where such merchant roles as the shopping site, the payment handler, the deliverer of goods or services, and the provider of customer support are performed by different Internet sites.
The IOTP specification is maintained by the IETF Internet Open Trading Protocol (trade) Working Group (http://ietf.org/html.charters/trade-charter.html).
(http://otp.org/).
(2001-09-22)

Tagged:

Read Also:

  • Internet number

    internet address

  • Interpret

    [in-tur-prit] /ɪnˈtɜr prɪt/ verb (used with object) 1. to give or provide the meaning of; explain; explicate; elucidate: to interpret the hidden meaning of a parable. 2. to construe or understand in a particular way: to interpret a reply as favorable. 3. to bring out the meaning of (a dramatic work, music, etc.) by performance […]



  • Interpress

    Interpreted FORTH-like graphics language, possibly the first page description language, predating PostScript. Both are descendants of JaM. Used on Xerox printers. [“Interpress, The Source Book”, Steven Harrington et al, P-H 1988.]

  • Interpretability

    [in-tur-prit] /ɪnˈtɜr prɪt/ verb (used with object) 1. to give or provide the meaning of; explain; explicate; elucidate: to interpret the hidden meaning of a parable. 2. to construe or understand in a particular way: to interpret a reply as favorable. 3. to bring out the meaning of (a dramatic work, music, etc.) by performance […]



Disclaimer: Internet open trading protocol definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.