TweetSET is the Secure Electronic Transaction protocol developed by Visa and MasterCard specifically for enabling secure credit card transactions on the Internet. It uses digital certificates to ensure the identities of all parties involved in a purchase and encrypts credit card information before sending it across the Internet. SET is exempt from the US cryptographic [...]
Tagged as:
digital certificate,
encryption,
secure electronic transaction,
SET
TweetDigital Signatures Digital signatures are implemented through public-key encryption and are used to verify the origin and contents of a message. One advantage of public-key encryption is that the recipient of successfully decrypted message knows that it was sent by the owner of the private key. This is known as authentication. However, encrypting messages with [...]
Tagged as:
digital certificate,
digital signature
TweetWhy is encryption needed for Web commerce? Encryption performs four key functions which enable secure Web transactions to take place: Authentication allows customers to be sure that the merchant they are sending their credit card details to is who they say they are. It can also allow merchant’s to verify that the customer is the [...]
Tagged as:
digital certificate,
digital signature,
encryption,
smart card