SET refers to the Secure Electronic Transaction Protocol (SET)?

SET was created by VISA International Organization and MasterCard International Organization, combined with IBM, An international standard for secure electronic transactions in e-commerce developed by Microsoft, Netscope, GTE and other companies.

Secure electronic transaction protocol SET is a credit card-based secure electronic delivery protocol applied in the Internet environment. It provides a set of process specifications for electronic transactions.

The SET protocol can implement encryption, authentication, key management mechanisms, etc. in e-commerce transactions, ensuring the security of online shopping using credit cards on the Internet.

Extended information:

The composition of the SET system:

The SET payment system mainly consists of the cardholder (CardHolder), the merchant (Merchant), and the card issuing bank (Issuing It consists of six parts: Bank, Acquiring Bank, Payment Gateway, and Certificate Authority.

Correspondingly, an online shopping system based on the SET protocol at least includes electronic wallet software, merchant software, payment gateway software and certificate issuance software.

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