SET meaning in Accounts and Finance ?

Answer: What is Secure Electronic Transaction mean?

Secure Electronic Transaction (SET) is a communications protocol standard for securing credit card transactions over networks, specifically, the Internet. SET was not itself a payment system, but rather a set of security protocols and formats that enabled users to employ the existing credit card payment infrastructure on an open network in a secure fashion. However, it failed to gain attraction in the market. Visa now promotes the 3-D Secure scheme.

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 merchant, and the purchaser's bank in a way that ensures privacy and confidentiality

reference

Full Form	Category
Safety, Environment, and Technology	Academic & Science
Simulation Engineering Technology	Academic & Science
Storm Education Team	Academic & Science
Science Engineering And Tech	Academic & Science
Science Engineering Technology	Academic & Science
Secure Electronic Transaction	Accounts and Finance
San Esteban	Airport Code
Specialized Expert Trainer	Business
Sistema Electrónico de Transacciones	Business
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Strategic Equipping Training	Business
Sony Entertainment Television	Business
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Solid Electric Through-neck guitar	Community
Student Evaluation of Teaching	Community
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Set Byte On Condition	Computer Assembly Language
Smart Equipment Technology	Computing
Safety Environment Technology	Computing
Sound Editing Tool	Computing
Security Enhancement Tool	Computing
Settings File	Computing
Single Ended Terminated	Computing
Set T Flag	Computing
Single Event Transient	Computing
Security Event Token	Computing
Softcopy Exploitation Tool	Computing
Secure Encryption Technology	Computing
SET [name] = [parameter]	Computing
Save Environment Token	Cryptocurrency
Sustainable Energy Token	Cryptocurrency
Stabilize Token	Cryptocurrency
Senior English Teacher	Educational Degree
Single Electron Tunneling	Electronics
Single-ended Triode	Electronics
Configuration Settings	File Type
Driver Sets Created By Install	File Type
Setup Data Or Information Settings	File Type
Self Expanding Trunk	General
Special Edition Turbo	General
Supplemental Emission Test	General
South East Toyota	General
Steady State Test	General
Safety Evaluation Tool	General
Simultaneous Engineering Team	General
South East Transporters	General
Set Evaluates Things	General
Support Empathy And Truth	General
Study of Exceptional Talent	General
Single Engine Turbine	General
Strategy Encouragement and Training	General
State Eligibility Test	General
Safe Effective Transport	Governmental
Sustainable Energy Technology	Governmental
Strategic Energy Technology	Governmental
SETTIHALLY	Indian Railway Station
Sonde Excitation Tournante	International
Senior Engineering Technician	Jobs
Stethoscope Emergency Technician	Medical
System Engineering Testbed	Military and Defence
Secure Electronic Transactions	Networking
Single-electron Transistor	Physics Related
Sound Emission Transmission	Physics Related
St. Charles County SMARTT Airport, Grafton, Illinois USA	Regional
Software Engineering Technology	Softwares
Safe Effective Transports	Sports
Stock Exchange of Thailand	Stock Exchange
Securities Exchange of Thailand	Stock Exchange
Significant Enough Transaction	Stock Exchange
Secure Electronic Trading	Stock Exchange
Science Engineering and Technology	Technology