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

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