Cache on Demand

    Date23 Oct 2000
    CategoryCryptography
    3383
    Posted ByAnthony Pell
    SET and a relative newcomer-IOTP-offer robust security frameworks for online transactions. So why haven't they threatened SSL's dominance as a payment protocol? When it comes to transaction security, Secure Sockets Layer (SSL) has been the de facto protocol for a . . . SET and a relative newcomer-IOTP-offer robust security frameworks for online transactions. So why haven't they threatened SSL's dominance as a payment protocol? When it comes to transaction security, Secure Sockets Layer (SSL) has been the de facto protocol for a half-dozen years. But SSL and its successor, the Transaction Layer Security (TLS) protocol, lack the robust end-to-end payment capabilities of protocols such as Secure Electronic Transaction (SET), which unlike SSL, provides a way for the client's credit-card number to be forwarded to the authorizing bank. On the other hand, SET has nearly died on the vine for lack of market acceptance; even its major supporters, Visa and MasterCard, have reconsidered plans to use SET. Meanwhile, a relatively new protocol, the Internet Open Trading Protocol (IOTP), has entered the fray.
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