1 | 5)Cardholder sends merchant a completed order along with payment instructions. (these will be digitally signed by cardholders possessing certificates) |
2 | 6)Merchant requests payment authorization from the cardholder's financial institution |
3 | 7)Merchant sends confirmation of order |
4 | 8)Merchant ships the purchased goods or provides requested services from the order |
5 | 9)Merchant requests payment from the cardholder's financial institution |
6 | SET covers items 5) 6) 7) and 9) |