08-23-2003, 02:44 AM
A new standard for ecommerce is being developed FSML(Financial service markup language).
It is a subset of SGML and a sister of XML and perhaps XBRL.
My friends, this standard will allow people to generate echecks, digitally sign them and send them.
FSML is designed to support electronic checks, ACH payment authorizations, ATM network transaction authorizations, and variations of a check, such as a postal money order or gift certificate.
I think other implementations could include using these digital authorisation procedures in accounting systems.
Keep a look out for this technology which is going to further revolutionse plastic money... In Japan mobile phone is being used as a debit card.. which is ofcourse another technology. However, I believe FSML will revolutionise money transactions by allowing for echecks to be transmitted from handheld devices... sounds interesting???
By the way, when ICAP is starting a chapter for XBRL? or Will it be always a follower?
Thoughts..comments
It is a subset of SGML and a sister of XML and perhaps XBRL.
My friends, this standard will allow people to generate echecks, digitally sign them and send them.
FSML is designed to support electronic checks, ACH payment authorizations, ATM network transaction authorizations, and variations of a check, such as a postal money order or gift certificate.
I think other implementations could include using these digital authorisation procedures in accounting systems.
Keep a look out for this technology which is going to further revolutionse plastic money... In Japan mobile phone is being used as a debit card.. which is ofcourse another technology. However, I believe FSML will revolutionise money transactions by allowing for echecks to be transmitted from handheld devices... sounds interesting???
By the way, when ICAP is starting a chapter for XBRL? or Will it be always a follower?
Thoughts..comments
