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net10 Security net10 uses Verisign, SET and SSL to complete the secure
transaction between the client and your order form. This is the lock or key you see on
your browser.
net10 has adopted the new SET protocol and
incorporating it into net10's suite of Internet payment solutions. The transition to SET
will provide secure, open standard-based solutions for the many merchants, banks,
processors and consumers including those using net10's existing services.
What Is SET?
The SET protocol is a collection of encryption and
security specifications used as an industry-wide, open standard for ensuring secure
payment transactions over the Internet.
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A Cross-Industry Cooperative Effort
Developed by VISA, Master Card and key technology
Leaders, the primary goals of SET are to protect the credit card system, establish
consumer confidence in the Internet as a marketplace, and build transactions volume over
this new commerce channel. SET 's standard for security procedures and technology will
ensure consistent implementation among vendors, card companies, and financial
institutions.
Furthermore, SET establishes a method for
interoperability of secure transactions software over multiple, popular hardware platforms
and operating systems.
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net10 And SET: The Next Generation Of
Secure Online Technology
net10 has been enabling secure Internet
Transactions since 1995. With the implementation of the SET protocol, net10 offers the
next generation of secure payment card services. SET brings consumers and web merchants
together in a secure fashion so that both can benefit fully from an exciting new
marketplace.
net10 will provide a simple migration path to
SET. This will ensure continued interoperability across software and hardware platforms,
continuing its role as the leading provider of Internet payment services. The SET protocol
will authenticate cardholders, merchants and banks; assure confidentiality of payment
information; ensure that messages have not been corrupted during transit; and provide for
interoperability among different software and hardware platforms.
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Benefits Of SET
Merchants, banks, processors and consumers alike
will have the confidence -- when they see "SET-compliant" of knowing each
transaction is protected by a security protocol validated, approved and standardized by
industry leaders.
Merchants are protected from:
… purchases with unauthorized payment card
...purchases denial from cardholders
Banks are protected from:
...unauthorized purchase
Consumers are protected from:
...merchant impostors
...theft of credit card number
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The Promise Of SET
SET is designed to protect the confidentiality of
personal and financial information. It uses digital certificates to authenticate the
parties in a payment card transaction.
SET will provide buyers and sellers in the virtual
world the ability to engage in commerce with an even greater level of trust and confidence
than they experience in a payment card purchase in the physical world.
net10 offers a complete suite of global payment
services including payment cards, micro payments and electronic checks. net10 services
are compatible with published SET standards, ensuring interoperability. net10's SET
secure services are the most convenient and flexible way to conduct financial transactions
on the Internet.
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