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A. Secure Electronic Transaction ..

 

Secure Electronic Transaction (SET) was a communications protocol standard for securing credit card transactions over insecure networks, specifically, the Internet....

SET was not itself a payment system, but rather a set of security protocols and formats that enabled users to employ the existing credit card payment infrastructure on an open network in a secure fashion…

However, it failed to gain attraction in the market. VISA now promotes the 3-D Secure scheme ....

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