What is a Secure Electronic Transaction (SET)?

A Secure Electronic Transaction (SET) is a standard electronic transmission security format developed by VISA®/MASTERCARD®.

It uses a combination of encryption, digital signatures, certificates, and third-party validation for secure credit card transactions over the Internet.

Electronic Merchant Systems Payment Processing Glossary :

Defining key payment processing and merchant services industry terms to help business owners make better decisions.

 

 

 

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