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| Electronic Transactions Allow Consumers To Shop At Home |
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A secure electronic transactions is important to all consumers that want to use their credit cards or bank information online. Many companies offer secure transactions when you use their service. They achieve this procedure by using digital certificates and digital signatures. The purchaser and the merchants can conduct business in a private manner. For the most part each company uses their own form of securing the transaction, but all follow a set of protocol. Transactions done electronically have become the wave of the future. They allow the customer to buy whatever they like and charge it their account. Not only can you buy whatever you like but also you can pay your bills using an electronic method. When the customer has selected the method to pay for their stuff, the bank digitally signs and sends authorization to the merchant. The merchant can then fill the order because they know they are being paid. By securing the method, they ensure that the credit card number or the bank number is not going to be stolen and used by someone else. The credit card companies designed a method called SET to make sure the information was transferred securely. These methods protect the identity of the consumer and ensures authenticity of the consumer. The online way to ensure that online business will stay in business is to make sure their customers privacy is protected. This can only be achieved by using a method to hide credit card numbers from potential hackers. The machines used to process the cards are encrypted with a mechanism that scrambles the numbers when they are sent to the business. When they research the business, the numbers are unscrambled. Modern cryptography uses a method called encryption keys to lock and unlock the messages in an algorithm. All of this technology means that online companies can keep doing business and customers can shop from the security of their own home. |