In the past few years, we have seen the emergence of a large number of proposals for electronic payments over open networks. Among these proposals is the Secure Electronic Transaction (SET) protocol promoted by MasterCard and VISA which is currently being deployed world-widely. While SET has a number of advantages over other proposals in terms of simplicity and openness, there seems to be a consensus regarding the relative inefficiency of the protocol. This paper proposes a light-weight version of the SET protocol, called "LITESET. " For the same level of security as recommended in the latest version of SET specifications, LITESET yields a 56.2/51.4% reduction in the computational time in message generation/verification and a 79.9% reduction in communication overhead. This has been achieved by the use of a new cryptographic primitive called signcryption. We hope that our proposal can contribute to the practical and engineering side of real-world electronic payments.
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Goichiro HANAOKA, Yuliang ZHENG, Hideki IMAI, "Improving the Secure Electronic Transaction Protocol by Using Signcryption" in IEICE TRANSACTIONS on Fundamentals,
vol. E84-A, no. 8, pp. 2042-2051, August 2001, doi: .
Abstract: In the past few years, we have seen the emergence of a large number of proposals for electronic payments over open networks. Among these proposals is the Secure Electronic Transaction (SET) protocol promoted by MasterCard and VISA which is currently being deployed world-widely. While SET has a number of advantages over other proposals in terms of simplicity and openness, there seems to be a consensus regarding the relative inefficiency of the protocol. This paper proposes a light-weight version of the SET protocol, called "LITESET. " For the same level of security as recommended in the latest version of SET specifications, LITESET yields a 56.2/51.4% reduction in the computational time in message generation/verification and a 79.9% reduction in communication overhead. This has been achieved by the use of a new cryptographic primitive called signcryption. We hope that our proposal can contribute to the practical and engineering side of real-world electronic payments.
URL: https://global.ieice.org/en_transactions/fundamentals/10.1587/e84-a_8_2042/_p
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@ARTICLE{e84-a_8_2042,
author={Goichiro HANAOKA, Yuliang ZHENG, Hideki IMAI, },
journal={IEICE TRANSACTIONS on Fundamentals},
title={Improving the Secure Electronic Transaction Protocol by Using Signcryption},
year={2001},
volume={E84-A},
number={8},
pages={2042-2051},
abstract={In the past few years, we have seen the emergence of a large number of proposals for electronic payments over open networks. Among these proposals is the Secure Electronic Transaction (SET) protocol promoted by MasterCard and VISA which is currently being deployed world-widely. While SET has a number of advantages over other proposals in terms of simplicity and openness, there seems to be a consensus regarding the relative inefficiency of the protocol. This paper proposes a light-weight version of the SET protocol, called "LITESET. " For the same level of security as recommended in the latest version of SET specifications, LITESET yields a 56.2/51.4% reduction in the computational time in message generation/verification and a 79.9% reduction in communication overhead. This has been achieved by the use of a new cryptographic primitive called signcryption. We hope that our proposal can contribute to the practical and engineering side of real-world electronic payments.},
keywords={},
doi={},
ISSN={},
month={August},}
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TY - JOUR
TI - Improving the Secure Electronic Transaction Protocol by Using Signcryption
T2 - IEICE TRANSACTIONS on Fundamentals
SP - 2042
EP - 2051
AU - Goichiro HANAOKA
AU - Yuliang ZHENG
AU - Hideki IMAI
PY - 2001
DO -
JO - IEICE TRANSACTIONS on Fundamentals
SN -
VL - E84-A
IS - 8
JA - IEICE TRANSACTIONS on Fundamentals
Y1 - August 2001
AB - In the past few years, we have seen the emergence of a large number of proposals for electronic payments over open networks. Among these proposals is the Secure Electronic Transaction (SET) protocol promoted by MasterCard and VISA which is currently being deployed world-widely. While SET has a number of advantages over other proposals in terms of simplicity and openness, there seems to be a consensus regarding the relative inefficiency of the protocol. This paper proposes a light-weight version of the SET protocol, called "LITESET. " For the same level of security as recommended in the latest version of SET specifications, LITESET yields a 56.2/51.4% reduction in the computational time in message generation/verification and a 79.9% reduction in communication overhead. This has been achieved by the use of a new cryptographic primitive called signcryption. We hope that our proposal can contribute to the practical and engineering side of real-world electronic payments.
ER -