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[Subject: Telework]

- A protocol standard which uses key encryption for transmitting information as part of a teletrade transaction. It may be used to authenticate buyers and transfer funds. The standard is backed by major finance clearing organisations (VISA and Mastercard) and will increasingly be incorporated into commercial electronic commerce servers and client (browser) software. An important aspect of the practical use of such as standard is that of 'trusted third parties' who hold the private parts of the keys of buyer and sellers. See also PGP.

  • Abbreviation: SET

Translated in 8 languages

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