GTE’s
CyberTrust Solutions, a certificate processing services using the SET
1.0 spec, has been approved by Visa International.
CyberTrust’s Secure Payment Services is also the exclusive provider of MasterCard International-branded SET
(Secure Electronic Transmission) digital certificates.
The CyberTrust system is a link between online retailers and the banks that
process credit card transactions. CyberTrust performs the certificate
management that makes it possible to send encrypted data with credit card
transactions. The SET protocol was developed by MasterCard and Visa as an
open specification for protecting credit card information as it travels
across the public network. SET has been hailed as the long-term solution to
the Internet’s inherent security flaws but it has been gaining support slowly.
“Ensuring the integrity and confidentiality of a customer’s identity is the
backbone to any successful financial transaction,” said Steve Herz, senior
vice president, Visa International. GTE’s CyberTrust system makes it
possible for online sites to set up a certificate management program with
any bank within the VISA network.
CyberTrust Secure Payment Services is offered at monthly rates and provides
the set up and operation of the SET service, a bundled number of
certificates, a
range of authorization capabilities, consulting and training.
