SCALABLE SET PROTOCOL

Electronic Commerce or E-Commerce (E-Commerce) is the process of electronically conducting all forms of business between entities in order to achieve the organization s objectives. In E- Commerce, trading partners interact through electronic communications and automated computer systems. E-Commerce is used by businesses and Governments to speed up the exchange of information, gain improved service levels, and reduce operating costs. The current growth of E- Commerce makes it difficult for a user to establish the credibility of counterparty in a commercial transaction on the Internet. Therefore, E-Commerce protocols have to address standard security requirements. A consortium headed by Visa, MasterCard, and others has been developed a standard for Secure Electronic Transactions (SET). SET is ,a complex standard combining advanced cryptography for safe data transfer, data integrity, and authentication of the parties involved in the transaction.