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What is Internet Open Trading Protocol mean?
The Internet Open Trading Protocol (IOTP) is a system-independent protocol that provides an interoperable and standardized payment framework for electronic commerce, which tries to replicate real-world trading processes as closely as possible.
IOTP systems can include a variety of different payment systems including digital cash, electronic checks, and debit cards. Various payment transaction data are encapsulated within specific IOTP messages (customer, merchant, credit checker, certifier, bank and delivery handler).
reference nanPosted on 04 Nov 2024, this text provides information on Miscellaneous in Computing related to Computing. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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