Basic HTML version of Foils prepared August 4 1997

Foil 59 Secure Electronic Transaction SET

From Remarks on Java and Internet Security Web Certificate CPS616 Enhancement -- Summer 1997 . by Geoffrey C. Fox


1 This standard was released May 31 1997 and is designed to support electronic bankcard transactions i.e. to enable electronic shopping on the Internet(Web)
2 http://www.mastercard.com/set has complete specification for users and developers (about 1000 pages!)
3 Partners were Mastercard, GTE, IBM, Microsoft, Netscape, SAIC, Terisa Systems, Verisign and Visa
4 Goals included rapid development of this application in an interoperable fashion consistent with world wide standards
  • make certain technology meets US export rules
5 Need to authenticate cardholders, merchants and financial service operators.
6 Provide confidentiality and integrity for payment data

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