NETPAY SET Compliance and Interoperability
Maithean is a leader in the development and adoption of the SETCo - Secure Electronic Transaction Protocol. In its ongoing effort to further the standardization and adoption of secure electronic payments, Maithean works closely with other vendors of SET based payment systems to ensure system interoperability.
Maithean's NetPay and Personal Commerce Assistant (PCA) products have been awarded the SET Mark from SetCo.
The SET protocol helps to safeguard payments and purchases made over open public networks through the use of advanced encryption technology. Encryption protects the transactions from being intercepted or altered. In addition, digital certificates electronically identify each party involved in a transaction, helping assure that the person at each end of the Internet connection is who he or she claims to be and has the authority to pay or receive payments. The SET specification was originally developed by Visa International and MasterCard International in February 1996 with participation from leading technology companies around the world. SET Secure Electronic Transaction LLC (commonly referred to as SETCo) was established by Visa and MasterCard in December 1997 as a legal entity to manage and promote the global adoption of SET. American Express Company and JCB Company Ltd are joining as charter members of SETCo and will become co-owners of the entity to further enhance the worldwide acceptance of SET as the global standard for secure payments over the Internet.
SET Protocol - Entities & Transaction Flow
The SET Standard Book 1 - Business Description
Copyright © Maithean. All Rights Reserved.