1. The Different Payment Systems Different types of technologies Used for payment transactions on the Internet –SSL –SET –eDankort –MasterCard SecureCode and Verified by Visa

2. Secure Socket Layer (SSL) most common and widespread Internet payment method in Denmark Advantages and Disadvantages

3. Secure Electronic Transaction (SET) A protocol developed by Visa International and MasterCard International –developed specifically for use on e-commerce transactions SET uses digital certificates to authenticate each of the involved parties in the transaction –Customer, merchant, the banks of the merchant and customer

4. eDankort New payment method introduced on the Danish e-commerce market in October 2003 Concept of eDankort is to use the existing infrastructure and security solutions already established by the Internet banking systems of the banks. –2 million users in DK eDankort is similar to SET in terms of payment process Advantages and Disadvantages

5. MasterCard SecureCode and Verified by Visa The two technologies are identical –One for MasterCard and one for Visa services made for the protection of the merchants. –SSL payment with a pin-code Advantages and Disadvantages