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Online Credit Card Processing Report - 9/8/1999

daemon@ATHENA.MIT.EDU (Lorraine J. Rappaport)
Wed Sep 8 10:05:25 1999

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Date: Wed, 8 Sep 1999 10:03:55 -0400
To: magellan@mit.edu
From: "Lorraine J. Rappaport" <ljr@MIT.EDU>
Cc: chargeit@mit.edu

Project Name:  Online Credit Card Processing (aka, chargeit)
Project Leader:  Lorraine Rappaport
Report Date:  9/8/1999
URL:  http://web.mit.edu/is/discovery/ccard

Accomplishments past period:
- Continued discussions with key internal merchant groups
- Continued discussions with Open Market re: Transact product, including
detailed discussion regarding SAP integration


Goals for coming period:
- Wrap up remaining merchant group discussions and finalize requirements list
- Continue working with Open Market on solution space
- Collect remaining information from other qualified vendor contenders,
including SAP, and finalize vendor recommendation
- Set up meeting with sponsors

Issues:
- None

Key learnings:
- So far, the internal merchants are excited about this.  There is great
value potential here.
- More time for research into electronic payment systems and banking
industry fundamentals at the beginning of the project would have been nice.


Team dynamics:
-Good

Additional comments:
-None



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