Secure Electronic Transaction

SET, short for Secure Electronic Transaction, is a norm that will enable secure credit card transactions on the Internet. SET has been endorsed by virtually all the large players in the electronic commerce arena, consisting Microsoft, Netscape, Visa, and Mastercard. By employing digital signatures, SET will enable merchants to check that buyers are who they claim to be. And it will safeguard buyers by providing a mechanism for their credit card number to be transferred directly to the credit card issuer for verification and billing without the merchant being able to see the number