FAQ question: Relation of proposed Web Payments WG to Secure Electronic Transaction (SET)?

Hi Interest Group,

This week I was asked:

 Q. What is the relation of this work to Secure Electronic Transaction
      https://en.wikipedia.org/wiki/Secure_Electronic_Transaction

Being new to this space, I did not know the answer.

Would someone knowledgable about that work be able to compare and
contrast the efforts?

Thank you,

Ian

--
Ian Jacobs <ij@w3.org>      http://www.w3.org/People/Jacobs
Tel:                       +1 718 260 9447