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Essay Details:
Essay text:
With the advent of the electronic age the concept of value was transferred to plastic cards with a magnetic stripe which securely carried personal account information. These cards are referred to as electronic or digital wallets. Many challenge how secure electronic wallets can be versus cash payments. This paper will attempt to present to you how the technology involved in electronic "digital wallet" transactions can be more secure and untraceable than cash.
Analysis
The security of a cash payment depends on the hardness of making acceptable reproductions of banknotes. When using application-level protocols such as SET (Secure Electronic Transactions) and SEPP (Secure Electronic Payment Protocol), one can construct payment systems guaranteeing security...
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