Internet Open Trading Protocol


Internet Open Trading Protocol

(protocol, business)(IOTP, Formerly "Open Trading Protocol",OTP) A specification that provides an interoperable frameworkfor Internet commerce. It is optimised for the case where thebuyer and the merchant do not have a prior acquaintance and ispayment system independent. It will be able to encapsulateand 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 theshopping site, the payment handler, the deliverer of goods orservices, and the provider of customer support are performedby different Internet sites.

The IOTP specification is maintained by the IETF Internet Open Trading Protocol.

http://otp.org/.