Microsoft and Arcot introduce .NET service for consumer payment authentication

Card-issuing banks that support online authentication, such as the Verified by Visa and MasterCard Secure Payment Application (SPA) programs for Internet purchases, can enable cardholders to seamlessly link their personal .NET Passport account with the secure, online card authentication of TransFort. Cardholders can log on, shop and authenticate online purchases using a simple and familiar Passport sign-in and interface.

The Wall St. Journal covers the story here. CNET here.