Abstract
The threat of credit card fraud is arguably one of the most serious issues in e-commerce, since it makes consumers reluctant to engage in this alternative method of shopping. Secure Electronic Transaction (SET) was invented to address this issue, and it provides effective security for the entire Internet e-commerce transaction. However, SET has not really taken off; implementation issues appear to be the main factor restricting its adoption. Given the existing consumer concerns about e-commerce security, SET still appears to be very relevant to the Internet e-commerce transaction environment. The integration of SET with EMV is a possible route for facilitating the wider use of SET in Internet commerce transactions, since it could simplify user registration. The aim of this paper is to evaluate the effectiveness of SET/EMV integration for fraud reduction in e-commerce. In addition, this paper also considers the implementation feasibility of SET/EMV.
Pita Jarupunphol was sponsored by the Rajabhat Institute of Phuket
The original version of this chapter was revised: The copyright line was incorrect. This has been corrected. The Erratum to this chapter is available at DOI: 10.1007/978-0-387-35617-4_48
Chapter PDF
Similar content being viewed by others
Keywords
References
CWA 14174–1 Financial transactional IC card reader (FINREAD) — Part 1: Business requirements,May 2001.
C. Adams and S. Lloyd. Understanding Public-Key Infrastructure. New Riders, 1999.
N. Caunter. The real cost of fraud to e-tailers. Computer Fraud and Security, 2001 (8): 17, August 2001.
A. Donnelly. Online credit card fraud outpaces physical world. Computer Fraud and Security, 2000 (10): 9, October 2000.
EMVCo.Org. EMV ‘86 Chip Electronic Commerce Specification,December 1999.
EMVCo.Org. EMV 2000 Integrated Circuit Card Specification for Payment Systems — Book 1: Application Independent ICC to Terminal Interface Requirements,December 2000.
EMVCo.Org. EMV 2000 Integrated Circuit Card Specification for Payment Systems — Book 2:Security and Key Management,December 2000.
Gartner Group. SET Comparative Performance Analysis,November 1998.
V. Hassler. Security Fundamentals for E-Commerce. Artech House, 2000.
P. Jarupunphol and C. Mitchell. Actual and perceived levels of risk in consumer e-commerce. In Proceedings of 2nd International We-B Conference, pages 207–216. Edith Cowan University Press, November 2001.
P. Jarupunphol and C. J. Mitchell. The Future of SET. In Proceedings of UKAIS2002. Leeds Metropolitan University, April 2002.
J. Lieb. Getting secure online — an overview. CommerceNet — The Strategies Report, 1 (3): 1–4, July 1999.
M. S. Merkow, J. Breithaupt, and K. L. Wheeler. Building SET Applications for Secure Transactions. John Wiley and Sons, 1998.
E. Rescorla. SSL and TLS — Designing and Building Secure Systems. Addison-Wesley, 2001.
SETCo.Org. SET Secure Electronic Transaction Specification — Book 1: Business Description,May 1997.
SetCo.Org. Common Chip Extension — Application for SETCo Approval,September 1999.
M. H. Sherif. Protocols for Secure Electronic Commerce. CRC Press, 2000.
L. D. Stein. Web Security. Addison-Wesley, 1998.
H. Tobias. To be or not to be — legally binding digital certificates. Network Security, 2000 (6): 911, June 2000.
G. W. Treese and L. C. Stewart. Designing Systems for Internet Commerce. Massachusetts: Addison-Wesley, 1998.
D. Whinnett. End user acceptance of security technology for electronic commerce. In Proceedings of IS&N ‘87, pages 447–457. Springer-Verlag, 1997.
D. Whiteley. E-Commerce: Strategy, Technologies and Applications. McGraw-Hill, 2000.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2003 IFIP International Federation for Information Processing
About this chapter
Cite this chapter
Jarupunphol, P., Mitchell, C.J. (2003). Implementation Aspects of SET/EMV. In: Monteiro, J.L., Swatman, P.M.C., Tavares, L.V. (eds) Towards the Knowledge Society. IFIP — The International Federation for Information Processing, vol 105. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-35617-4_20
Download citation
DOI: https://doi.org/10.1007/978-0-387-35617-4_20
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-6861-9
Online ISBN: 978-0-387-35617-4
eBook Packages: Springer Book Archive