The credit card used in e-commerce activities is an electronic credit card, which is paid directly through the network. Electronic credit card is fast and convenient, and the purchaser can know the credit status of the cardholder in time through the card issuer, thus avoiding fraud.
Electronic credit card is a payment method.
Because the use of electronic credit cards requires credit card transmission through the public internet network, it is technically necessary to ensure the security and reliability of transmission. SET secure electronic transaction protocol is used to ensure the secure transmission of electronic credit card numbers and passwords. In the process of credit card payment, it is also necessary to authenticate the identities of customers, merchants and credit card issuers to prevent denial.
It has the characteristics of low manufacturing cost, high reliability of information preservation, convenient development, flexible application and miniaturization. Electronic credit card and electronic credit card reader-a small special microcomputer, can be widely used in securities, securities, credit certificates and other occasions. And can also be used for data information collection of some distributed systems.
Electronic credit card combined with electronic credit card reader-small special microcomputer can be widely used in various securities, securities, credit vouchers and other occasions, and can also be used for data information collection in some decentralized systems.
SET protocol is an open electronic payment system specification, which conducts online transactions based on electronic money. On the premise of retaining the customer's credit card authentication, SET adds the authentication of merchant identity, which is very important for transactions that need to pay money. SET protocol has been supported by many large companies and consumers because of its reasonable design, and has become the industrial standard of global network.
On the open Internet, it is an important issue to ensure the security of data transmission between buyers and sellers. In order to overcome the shortcomings of SSL security protocol and meet the market requirements for transaction security and cost performance, VISA, Master Card, Micro Soft, IBM, etc. Jointly formulated the announcement of secure electronic transactions.