Secure Electronic Transactions Standard (SET)
Jointly developed by Visa and Mastercard; supported by GTE, Microsoft, Netscape, Verisign, IBM, and others
SET is a standard that allows secure credit card transactions on the net
Using digital signatures, SET enables merchants to verify that buyers are who they claim to be
It protects buyers by providing a mechanism for their credit card number to be transferred directly to the credit card issuer for verification
It allows billing without the merchant being able to see the number
| Previous slide | Next slide | Back to first slide | View graphic version |