Basic HTML version of Foils prepared July 6 99

Foil 53 Secure Electronic Transaction (6)

From Security Infrastructure fo Electronic Commerce and Internet CPS714 Computational Science Information Track -- June 2 and June 7 99. by Roman Markowski
SET messages are essentially the same as those that have been used in the traditional banking networks for years. SET allows them to flow across the insecure, open Internet
SET defines all necessary communication between banks, merchants, cardholders, whereas SSL creates a secure connection between 2 computers.
SET provides merchants with assurance that the card holder will not say "it is not me"; the bank has evidence that I made a purchase
SET provides a card holder with assurance that the merchant is legitimate

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