Basic HTML version of Foils prepared July 6 99

Foil 55 Secure Electronic Transaction (8)

From Security Infrastructure fo Electronic Commerce and Internet CPS714 Computational Science Information Track -- June 2 and June 7 99. by Roman Markowski


1 SET requires appropriate software installed in the banking network, at merchant's locations, and on consumer's computers
2 Merchant does not have access to client's account information (privacy of financial data)
3 SET offers a complete card payment system (payment transport, confirmation and inquiry)
4 Symmetric key Cryptography: DES 56 bit key
5 Public key Cryptography: RSA 768, 1024, 2048 bit keys
6 Hashing: SHA-1

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