Electronic Credit Card Payment Technology
Electronic Credit Card Payment Technology
Secure Socket Layer (SSL)
SSL is a protocol developed by Netscape which has become a standard in all common browsers.
As soon as a customer connects to a merchant's server the customer's browser receives the merchant's certificate and key. A certificate is used to verify that a user is who he claims to be and, furthermore, to provide the receiver with the means to encode a reply. At this point the browser generates a session key for a symmetrical encryption. This session key is now encrypted with the open/public key of the merchant and is sent to him.
From this point on, the whole communication between the customer and the merchant is encrypted as well as decrypted with the key that is known to both parties.
Secure Electronic Transaction (SET)
A development of the SSL protocol is SET. SET is a protocol for the secure transmission of credit card information - especially on the internet. This system uses digital signature.......
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