Basic HTML version of Foils prepared May 19 99

Foil 102 Features of Public Key System in SET - I

From Remarks on Internet and Java Security Basic Information Track Computational Science Course CPS616 -- Spring Semester 1999. by Geoffrey Fox, Mehmet Sen


1 Note that Merchants and Financial Organizations have separate asymmetric key-pairs for the "symmetric key-exchange" and digital signature process.
2 Note cardholders do not need a key exchange key-pair
3 Note digital signature certificates are exchanged in protocol and need not be known ahead of time whereas one must know the public key with which to encrypt the secret key
4 SET uses what they call a dual signature but which is really a signed double message
5 Often one needs to conduct a transaction where two parts are intrinsically linked e.g. An offer from Bob to Alice to buy her property and an authorization to the bank to transfer the funds
6 Bob wishes the offer to be seen by Alice but keep the bank authorization confidential

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