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Online Credit Card Processing Project Report - 8/26/1999

daemon@ATHENA.MIT.EDU (Lorraine J. Rappaport)
Thu Aug 26 18:13:19 1999

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Date: Thu, 26 Aug 1999 18:12:28 -0400
To: magellan@mit.edu
From: "Lorraine J. Rappaport" <ljr@MIT.EDU>

Project Name:  Online Credit Card Processing (chargeit)
Project Leader:  Lorraine Rappaport
Report Date:  8/26/1999
URL:  http://web.mit.edu/is/discovery/ccard

Accomplishments past period:
- Met with several key internal "merchant" groups to discuss their
requirements, wishes, etc. for online credit card processing and associated
payment processing
- Continued discussions with Open Market re: Transact
- Met with SAP to discuss their current and future capabilities
- Investigated other potential product/service providers
- Continued to evolve the conceptual design and business model to play out
various possible scenarios and highlight issues

Goals for coming period:
- Complete discussions with key internal merchant groups
- Continue to develop the design and business model
- Begin to wrap up vendor exploration

Issues:
None

Key Learnings:
- Ick, salespeople!

Team dynamics:
-Good.

Additional comments:
None



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