Digital Rights Management

ALSO CALLED: Digital Goods Distribution, Secure eCommerce, ERM, Rights, Enterprise Rights Management, DRM, Secure Electronic Commerce, Secure Digital Commerce
DEFINITION: Secure Electronic Transaction (SET) is a system for ensuring the security of financial transactions on the Internet. It was supported initially by Mastercard, Visa, Microsoft, Netscape, and others. With SET, a user is given an electronic wallet (digital certificate) and a transaction is conducted and verified using a combination of digital certificates and digital signatures among the purchaser, a  … 
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DIGITAL RIGHTS MANAGEMENT DEFINITION (continued): …  merchant, and the purchaser's bank in a way that ensures privacy and confidentiality. SET makes use of Netscape's Secure Sockets Layer (SSL), Microsoft's Secure Transaction Technology (STT), and Terisa System's Secure Hypertext Transfer Protocol (S-HTTP). SET uses some but not all aspects of a public key infrastructure (PKI). Here's how SET works: Assume that a customer has a SET-enabled browser such as Netscape or Microsoft's Internet Explorer and that the transaction provider (bank, store, etc.) has a SET-enabled server.The customer opens a Mastercard or Visa bank account. Any issuer of a … 
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