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Online Credit Card Processing, 11/4/1999

daemon@ATHENA.MIT.EDU (Lorraine J. Rappaport)
Thu Nov 4 10:13:33 1999

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Date: Thu, 4 Nov 1999 10:13:06 -0500
To: magellan@mit.edu
From: "Lorraine J. Rappaport" <ljr@MIT.EDU>

Project Name:  Online Credit Card Processing
Project Leader:  Lorraine Rappaport
Report Date:  November 4, 1999
Project url:  http://web.mit.edu/is/discovery/ccard

Accomplishments past period:
- Completed interviews with interested merchant groups and compiled
requirements comparison matrix
- Sketched scenarios for accounts receivable processing, including process
and options for sending data to SAP
- Initiated discussions with a second vendor candidate, Trintech, about
their PayWare product
- Sent (actually, re-sent) our requirements to SAP so that they could try
to build them in to SAP's future product offerings

Goals for coming period:
- Qualify or disqualify Trintech's PayWare product as a viable competitor
to Open Market's Transact product
- Seek commitment from sponsors for whatever recommendation comes from the
above item
- Continue discussions with FSS to explore options/plan for SAP integration

Issues:
-the usual:  balancing immediate need (customers want this now!) against
long-term strategic direction  (the SAP question)

Key learnings:
-none

Team dynamics:
- tired and a little overwhelmed.  This is a complex project that could
easily utilize 2-3 full time team members.  The reality - pressures and
deadlines of other projects and operational responsibilities - can't
support this.  (I'm sure everyone can relate to this one!)



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