Date of Award

1997

Degree Type

Thesis

Degree Name

Bachelor of Science Honours

Faculty

Faculty of Science, Technology and Engineering

First Advisor

Dr Timo Vuori

Abstract

While still in its infancy, Electronic Commerce is growing at an exponential rate each year (Walson, 1997. p.53). Although few doubt that such growth will only continue in years to come, many people still have serious reservations about the levels of security offered by currently available applications for conducting such trade. This thesis identifies some of the key areas of concern regarding Electronic Commerce on the lnternet, and looks at the ways in which the Secure Electronic Transaction (SET) model, proposed by Mastercard and Visa, succeeds or fails in addressing these concerns. It identifies and describes the key dements and primary functions of the SET protocols in a manner that will enable students and other interested parties to understand these protocols quickly and easily.

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