English, asked by 96amanpatel, 4 months ago

Discus madter card/ visa secure e-transaction in detail.

Answers

Answered by saysanmaya71

Answer:

ecure electronic transaction protocols were supported by most of the major providers of electronic transactions, such as Visa and MasterCard. These protocols allowed merchants to verify their customers' card information without actually seeing it, thus protecting the customer.

Explanation:

Secure Electronic Transaction works as follows:

Step 1: Customer Open an Account. ...

Step 2: Customer Receive a Certificate. ...

Step 3: Merchant Receives a Certificate. ...

Step 4: Customer Place an Order. ...

Step 5: Merchant is Verified. ...

Step 6: The Order and Payment Details Are Sent. ...

Step 7: Merchant Requests Payment Authorization.

Secure Electronic Transaction (SET) is a system for ensuring the security of financial transactions on the Internet. It was supported initially by Mastercard, Visa, Microsoft, Netscape, and others.

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