Fdp week 1 presentation
- 1. Secure Electronic Transaction Ms. Shweta Chanchlani Information Technology Department Shivajirao S. Jondhle Polytechnic,Asangaon 1
- 2. Secure Electronic Transaction (SET) • Developed by Visa and MasterCard • Designed to protect credit card transactions • Confidentiality: all messages encrypted • Trust: all parties must have digital certificates • Privacy: information made available only when and where necessary 2
- 3. Participants in the SET System 3
- 4. SET Business Requirements • Provide confidentiality of payment and ordering information • Ensure the integrity of all transmitted data • Provide authentication that a cardholder is a legitimate user. • Provide authentication that a merchant can accept credit card transactions 4
- 6. SET Transactions • The customer opens an account with a card issuer. • MasterCard, Visa, etc. • The customer receives a X.509 V3 certificate signed by a bank. • X.509 V3 • The customer places an order for a product or service with a merchant. • The merchant sends a copy of its certificate for verification. 6
- 7. Key Technologies of SET • Confidentiality of information: DES • Integrity of data: RSA digital signatures. • Cardholder account authentication: X.509v3 digital certificates . • Merchant authentication: X.509v3 digital certificates . • Privacy: separation of order and payment information using dual signatures 7
- 8. THANK YOU 8