internet open trading protocol

1 definition found

internet open trading protocol - Free On-line Dictionary of Computing (26 May 2007) :

  Internet Open Trading Protocol
  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)