Musk was optimistic about the future success of the money transfer business Confinity was developing. In March 2000, Confinity merged with X.com, an online financial services company founded in March 1999 by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho. Later it was renamed Confinity, a company which developed security software for hand-held devices. The predecessor company was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Fieldlink.