Analysis of Secure Electronic Transmission (SET) System for Electronic Transactions

Abstract

Abstract — In this paper, we introduce about protection of electronic payment for those whoever uses Internet transaction. This system is use to secure Internet transaction for three types of participants, 1) Payment gateway server, 2) Merchant server, and 3) Bank Server. SET has been developed by both Visa and MasterCard, as a way to secure our card transactions over internet, and industrial interest in the protocol is high. The security architecture of the system is designed by using Many Security Protocols and techniques, which eliminates the fraud that occurs today with stolen credit card/debit card payment information and customer information. Electronic commerce involves the exchange of some form of money for goods and services over the Internet but today, Internet is an insecure and unreliable media. Index Terms- SSL/TLS and SET Protocol, symmetric & asymmetric Methodology, Dual signatures, and Communication tunnel techniques, e-payment protocol. 1