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
1 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
2 SET defines all necessary communication between banks, merchants, cardholders, whereas SSL creates a secure connection between 2 computers.
3 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
4 SET provides a card holder with assurance that the merchant is legitimate
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