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SET (Secure Electronic Transaction)
Note: Many topics at this site are reduced versions of the text in "The Encyclopedia of Networking and Telecommunications." Search results will not be as extensive as a search of the book's CD-ROM.
Secure transactions are critical for electronic commerce on the Internet. In order for merchants to automatically and safely collect and process payments from Internet clients, a secure protocol is required that is supported by major credit card companies, vendors, consumers, and software developers. The SET protocol was developed by Microsoft, IBM, Netscape, GTE, Visa, and MasterCard for this purpose. The SET specification is currently managed by SET Secure Electronic Transaction LLC, which promotes and supports the use of SET on the Internet.
Copyright (c) 2001 Tom Sheldon and Big Sur Multimedia.