Secure Electronic Transaction

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Presentation transcript:

Secure Electronic Transaction (SET) Visit for more Learning Resources

Secure Electronic Transaction (SET) Developed by Visa and MasterCard Designed to protect credit card transactions Confidentiality: all messages encrypted Trust: all parties must have digital certificates Privacy: information made available only when and where necessary

Participants in the SET System

SET Transactions

Components Of SET Cardholder: Merchant: Issuer: Acquires: authorised user of master card Merchant: who sells a things e.g.filpcart Issuer: financial issuer like bank(cardholder) Acquires: Financial institution for merchant Process payment card authorization

Certificate Authority: Payment Gateway: Provides certificates to all Payment Gateway: Process payment on behalf of merchant For more detail contact us