1. Secure Electronic Transaction
(SET)
Visit for more Learning Resources

2. 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

3. Participants in the SET System

4. SET Transactions

5. 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

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