Which of the following best describes the Secure Electronic Transaction (SET) protocol?

A.
Originated by VISA and MasterCard as an Internet credit card protocol.

B.
Originated by VISA and MasterCard as an Internet credit card protocol using digital signatures.

C.
Originated by VISA and MasterCard as an Internet credit card protocol using the transport
layer.

D.
Originated by VISA and MasterCard as an Internet credit card protocol using SSL.

Explanation:
This protocol was created by VISA and MasterCard as a common effort to make the
buying process over the Internet secure through the distribution line of those companies. It is
located in layer 7 of the OSI model.
SET uses a system of locks and keys along with certified account IDs for both consumers and
merchants. Then, through a unique process of “encrypting” or scrambling the information
exchanged between the shopper and the online store, SET ensures a payment process that is
convenient, private and most of all secure. Specifically, SET:
The SET process relies strongly on the use of certificates and digital signatures for the process of
authentication and integrity of the information.