Core technologies comprising Web services provide only a fraction of what's needed to build an enterprise-level IT system. While Web-services standards are useful for application integration, they don't provide for many services crucial to a distributed application environment, such as security, transaction integrity, and object management. Chutney Technologies Inc., a maker of application-optimization software, is one of the latest vendors looking to fill some of the gaps in Web-services standards.
On June 1, the Atlanta company will ship the Chutney Apptimizer for Soap, which CEO Anindya Datta says will speed up delivery of data associated with Simple Object Access Protocol requests and help deliver scalable security. Apptimizer stores data objects associated with commonly made requests within an application network. Rather than executing an application component to deliver the same data, requests are first redirected to Apptimizer to see whether the data exists in cache for a quicker response. The Apptimizer storage engine is priced at $100,000 and an additional $50,000 for failover capabilities.
Soap is the mechanism within Web services for receiving, sending, and responding to requests over HTTP, the Web communications protocol. Soap is based on XML, another emerging Web standard. Apptimizer, which will be demonstrated at NetWorld+Interop in Las Vegas next month, will be able to handle Soap requests just like it handles requests for Java, C++, and other applications. In addition, Apptimizer will let developers insert a key into the HTTP header of a Soap message that allows an application to authenticate the sender. Because the key is inserted in the header instead of in the body of the message, the security mechanism requires less time to process and is more scalable, company officials say.
As companies go beyond testing Web services and deploy computing architectures that use the emerging technologies to make applications available as services over the Internet, they will need optimization software such as Chutney's, as well as other tools needed to run an enterprise-level network, Burton Group analyst James Kobielus says. Chutney is "addressing a set of needs that will become pressing very quickly as companies roll out Web services," Kobielus says.
As of E-Day, anybody that wishes to issue electronic money can do so as long as they satisfy a number of core criteria specified by the Financial Services Authority (FSA), without having to first obtain a banking license. In essence this means that as long as the issuers of the e-money can meet the capital requirements of one million Euros or 2 percent of the e-money to be issued, they are free to do so. There is a limit of one thousand pounds sterling on the maximum 'purse' value; the e-money must be redeemable within five days and the currency must be usable for at least one year.
It is widely expected that a number of companies, from mobile phone giants, credit card organisations and even the Post Office, are actively considering launching their own e-money offerings. However, any organisation meeting the basic FSA criteria can set up e-money for themselves. Indeed, at the small scale end of the market some of the more onerous requirements can be waived. Such a waiver could make it possible for a school or small business to set up cashless payment systems internally without having to possess a million Euro worth of capital in the first place.
It will be interesting to see how things develop from here and how swiftly e-money offerings make it on to the streets of Britain. Any organisation entering the market will certainly face a stiff user credibility test. After all, whom would you trust to issue you with money, electronic or otherwise? If e-money is to become a reality there is clearly a potential for fraud to take place unless the public at large are brought up to speed on the basics, such as "Who to trust?", "What to look for?", "How does it work?".
Beyond this there is a need to let potential issuers know the benefits they could obtain through the use of e-money and any pitfalls to avoid. We shall have to keep an eye out to see if any of the marketing machines of the big brand names jump onto the e-money bandwagon.
On June 1, the Atlanta company will ship the Chutney Apptimizer for Soap, which CEO Anindya Datta says will speed up delivery of data associated with Simple Object Access Protocol requests and help deliver scalable security. Apptimizer stores data objects associated with commonly made requests within an application network. Rather than executing an application component to deliver the same data, requests are first redirected to Apptimizer to see whether the data exists in cache for a quicker response. The Apptimizer storage engine is priced at $100,000 and an additional $50,000 for failover capabilities.
Soap is the mechanism within Web services for receiving, sending, and responding to requests over HTTP, the Web communications protocol. Soap is based on XML, another emerging Web standard. Apptimizer, which will be demonstrated at NetWorld+Interop in Las Vegas next month, will be able to handle Soap requests just like it handles requests for Java, C++, and other applications. In addition, Apptimizer will let developers insert a key into the HTTP header of a Soap message that allows an application to authenticate the sender. Because the key is inserted in the header instead of in the body of the message, the security mechanism requires less time to process and is more scalable, company officials say.
As companies go beyond testing Web services and deploy computing architectures that use the emerging technologies to make applications available as services over the Internet, they will need optimization software such as Chutney's, as well as other tools needed to run an enterprise-level network, Burton Group analyst James Kobielus says. Chutney is "addressing a set of needs that will become pressing very quickly as companies roll out Web services," Kobielus says.
As of E-Day, anybody that wishes to issue electronic money can do so as long as they satisfy a number of core criteria specified by the Financial Services Authority (FSA), without having to first obtain a banking license. In essence this means that as long as the issuers of the e-money can meet the capital requirements of one million Euros or 2 percent of the e-money to be issued, they are free to do so. There is a limit of one thousand pounds sterling on the maximum 'purse' value; the e-money must be redeemable within five days and the currency must be usable for at least one year.
It is widely expected that a number of companies, from mobile phone giants, credit card organisations and even the Post Office, are actively considering launching their own e-money offerings. However, any organisation meeting the basic FSA criteria can set up e-money for themselves. Indeed, at the small scale end of the market some of the more onerous requirements can be waived. Such a waiver could make it possible for a school or small business to set up cashless payment systems internally without having to possess a million Euro worth of capital in the first place.
It will be interesting to see how things develop from here and how swiftly e-money offerings make it on to the streets of Britain. Any organisation entering the market will certainly face a stiff user credibility test. After all, whom would you trust to issue you with money, electronic or otherwise? If e-money is to become a reality there is clearly a potential for fraud to take place unless the public at large are brought up to speed on the basics, such as "Who to trust?", "What to look for?", "How does it work?".
Beyond this there is a need to let potential issuers know the benefits they could obtain through the use of e-money and any pitfalls to avoid. We shall have to keep an eye out to see if any of the marketing machines of the big brand names jump onto the e-money bandwagon.