The Use Of Payment Card Systems

The use of payment card systems has been used more often in the marketplace of electronic commerce. However, with the use of credit cards across the Internet medium, there exists the potential for fraud and security issues. The chances of identity fraud, tampering, impersonation and interception of credit card numbers have become increased. The development of secure communication protocols and secure payment protocols have been increased.

The following questions have been addressed in this article:

What types of protocols are used to prevent fraud?
How do secure communication protocols prevent fraud?
How do secure payment protocols prevent fraud?
What are the main differences between SET and SSL?

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