• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 1. Frequently Asked Questions > What are SET, SSL, e-cash, and TRUSTe?

What are SET, SSL, e-cash, and TRUSTe?

SET (Secure Electronic Transaction) is an open industry standard detailing the use of payment cards over open networks like the Internet. SET uses digital certificates to authenticate parties involved in a transaction. Introduced by Visa and MasterCard, with assistance from technology partners IBM, Terisa Systems, GTE, VeriSign, RSA, Netscape, Microsoft and SAIC, the SET specification was completed in May 1997. The SET consortium is working on creating a SET software compliance process; a structure to manage and issue the SET digital certificates to the payment brands; validation of vendor software against the 1.0 spec and the deployment into the global market; roll-out of programs through financial institutions, merchants, and cardholders.

SSL (Secure Sockets Layer) was introduced on Netscape 2.0 as a technology to protect credit card numbers. Users are often advised if they are using an older browser without built-in SSL to phone in their order.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint