Secure Electronic Transactions

This volume covers the basics of Secure Electronic Transaction (SET) technology and encryption and the implementation of SET protocols in the typical corporate environment. SET allows merchants to install and operate secure electronic commerce systems.

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This volume covers the basics of Secure Electronic Transaction (SET) technology and encryption and the implementation of SET protocols in the typical corporate environment. SET allows merchants to install and operate secure electronic commerce systems and provides financial institutions with the security measures required to process these transactions. SET is a technical specification for securing payment card transactions over open networks such as the Internet. SET was developed by Visa and MasterCard, with the participation of Microsoft, IBM, Netscape, SAIC, GTE, Terisa Systems and Verisign, to allow for the secure exchange of credit card information over the Internet, addressing consumer concerns about protection of credit card information when making purchases.