Discussion
SET, an open encryption and security specification model that is designed for protecting credit card transactions on the internet, stands for
Answer: A
SET stands for Secure Electronic Transaction, an open specification developed by Visa and MasterCard in the 1990s to protect credit card payments over the internet, using digital certificates and encryption. The other expansions, Secular Enterprise for Transaction, Security Electronic Transmission and Secured Electronic Termination, are not the name of any protocol. The protocol was meant to give the customer, the merchant and the bank a way to verify each other, and to keep the card number from the merchant.
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