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web store creater, and Catalog Builder information: ) This makes it possible to audit one customer without viewing the records of other customers. An open multiparty standard protocol for conducting secure bank-card and debit-card payments over the internet, set provides message integrity, authentication of all financial data, and encryption of sensitive information. The verifier is responsible for checking the veracity of allcustomer information, public and private. Consumers must know that their financial information is confidential; this is accomplished with electronic wallets or credit-card software at the consumer's end point.

In essence, we areasserting that the named person is the keyholder for the key in the (key, name)combination that we have signed. There has been considerable attention on the development of a suitable payment system for electronic commerce [2,19], but not on the complementary system to produce and verify an audit trail. 3 Discusses the need for verifiable credentials. Digital signatures, certificates & electronic commerceversion 1.

In a credit card transaction many parties might handle a certificate andhence rely on it in some way but only a few of these might actually check the validity ofthe certificate.