E-Commerce · Unit 5
Secure Electronic Transactions and Protocols
Exam-focused notes for Secure Electronic Transactions and Protocols (E-Commerce, BIT403): what the TU syllabus asks and how it has actually been tested, with 4 solved past questions from this unit.
What this unit covers
- SET protocol features and participants
- Dual signature generation and application
- Payment authorization in SET
- Purchase request operations in SET
- SET protocol implementation in e-commerce
SET protocol features and participants
What are the SET participants? Explain how dual signature is used in SET protocol? Explain the purchase request operation in SET. [10]
The Secure Electronic Transaction (SET) protocol involves five main participants: 1. Cardholder (Customer): The individual making the purchase using a credit or debit card. They initiate transactions and provide payment information. 2. Merchant: The seller ...
Full solved answer →Explain about the SET participants. Discuss the status of E-payment system in Nepal.[10]
SET (Secure Electronic Transaction) is a security protocol for electronic credit card transactions over the internet. The main participants in the SET system are: - The individual who initiates the transaction - Holds a credit/debit card issued by a card is...
Full solved answer →What is Secured Electronic Transaction (SET) Protocol? List the features of SET. Discuss the SET participants.[10]
Secured Electronic Transaction (SET) is a cryptographic protocol designed to secure credit card transactions over the Internet. It was developed jointly by Visa and Mastercard in the mid-1990s to provide a secure framework for electronic commerce by ensurin...
Full solved answer →Dual signature generation and application
What is a dual signature? How is the dual signature generated? Describe the payment authorization in SET.[10]
A dual signature is a cryptographic mechanism used in the Secure Electronic Transaction (SET) protocol to link two separate messages (the order information and payment information) while maintaining the privacy of each party involved. Specifically, the dual...
Full solved answer →Make Unit 5 stick
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