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Electronic Commerce

Fiscal 1995 Project Portfolio Report

Principal Investigator
Sheueling Chang
Sheueling.Chang@eng.sun.com

Overall Objective

To learn about Electronic Commerce requirements from the financial banking industry through project collaboration with Financial Services Technology Consortium (FSTC) and participation in the "Electronic Check" and "Electronic Commerce" workgroups.

Objective for FY95

  • To collaborate with Financial Services Technology Consortium (FSTC) and to participate in the FSTC "Echeck" and "E-commerce" projects.

  • To propose a banking server architecture (middleware) for electronic commerce applications for receiving and processing incoming electronic banking transactions, and for interfacing with the bank legacy systems.

  • To specify the requirements and to design the architecture of a client-server development platform with integrated security capabilities for electronic commerce applications development and world-wide deployment.

Description

The electronic commerce project this year focused its attention on contributing to the initial architectural design of an electronic interbank infrastructure which is a multi-industry endeavor lead by a banking consortium called FSTC.

Financial Services Technology Consortium (FSTC)

FSTC, comprising banks, financial services firms, industrial partners, national laboratories, universities, and government agencies, was formed in September 1993. Its goals are to utilize emerging technologies to enhance the competitiveness of the financial services industry, and to sponsor collaborative project developments affecting the financial services industry with particular emphasis on projects involving electronic commerce. FSTC developments include the following projects: electronic check, electronic commerce, fraud detection and management, and interbank check image exchange. Sun, with the assistance of its subcontractor, Agorics Inc., is currently participating in both the Electronic Check and the Electronic Commerce projects.

Accomplishments

During FY95, the Electronic Commerce project participated in the architectural design of an interbank infrastructure lead by FSTC to support a new payment instrument, "electronic checks," and the implementation of a working prototype consisting of four nodes-customer, merchant, customer-bank, and merchant-bank-to demonstrate the concept of the electronic check transaction model. The work also focused on the architectural design of a banking server, the functionality requirement of a distributed electronic commerce application development platform, and the evaluation of the internal and external technologies needed for the server and the development platform.

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