This volume covers the basics of Secure Electronic Transaction (SET) technology and encryption and the implementation of SET protocols in the typical corporate environment. SET allows merchants to install and operate secure electronic commerce systems and provides financial institutions with the security measures required to process these transactions. SET is a technical specification for securing payment card transactions over open networks such as the Internet. SET was developed by Visa and MasterCard, with the participation of Microsoft, IBM, Netscape, SAIC, GTE, Terisa Systems and Verisign, to allow for the secure exchange of credit card information over the Internet, addressing consumer concerns about protection of credit card information when making purchases.

This detailed volume and accompanying CD-ROM focus on the set electronic transaction (SET) system and review the fundamentals through to practical instruction on how to develop and implement the entire SET system. The book should be of interest to business executives as well as engineers.

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Annotation Free distribution of information, ideas, and research - the Internet's original goal - is at odds with the use of the Internet for commerce. Commerce requires individual privacy and security - an afterthought in this medium. Protocols for Secure Electronic Commerce reviews and explains algorithms and architectures for securing electronic payment systems to deal with this issue, particularly the protocols used for business-to-business commerce and for consumer applications. Written by an author intimately involved with the workings of the existing standards, it surveys implementations of the most popular protocols, such as electronic data interchange, secure sockets layer, secure electronic transaction, electronic purses, smart cards, and digital money. It describes the latest developments, offering a technical treatment of the electronic payment systems that are at the heart of security strategy. Explosive growth of the Internet has redefined the electronic commerce paradigm. Standards in place for nearly two decades must now take advantage of the new business possibilities that the Internet offers. At the same time, the consumer needs to be confident in the security of these unfamiliar transactions. The prosperity of electronic commerce depends on you to surmount the technological challenges of this immature field. Protocols for Secure Electronic Commerce will help.