Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

When will CCNow support the new SET security standard that is being promoted by Visa and MasterCard?

April 26, 2017ccnow MasterCard promoted security standard support Visa

0

Posted

When will CCNow support the new SET security standard that is being promoted by Visa and MasterCard?

1 Answer

0

Posted

The SET standard is designed to offer a higher degree of security for Internet credit card transactions. Visa and MasterCard completed work on the SET standard in 1997, but its implementation in the U.S. has not been a success. The implementation of the SET standard is cumbersome, because it requires that Online Shoppers use special software on their computers to make a purchase. Currently, SET is not supported by any of the major Web browser programs, nor by any of the major U.S. credit card banks. CCNow will continue to monitor the progress of SET implementation. We look forward to supporting the SET standard, as soon as the major banks and software manufacturers support it.