Electronic Payment Systems – Payment Gateways and Data Security Standards

Security in Electronic Payment Systems

The underlying model of an electronic payment system consists of three parties: a bank, a customer, and a shop. There are three different types of transactions within the system: withdrawal involving the bank and the customer, payment involving the customer and the shop, and deposit involving the shop and the bank. The customer's account is debited during withdrawal, and the shop is credited du...

Electronic payment systems

Electronic payment systems

syntax notation (ASN.1),49–51basic encoding rules (BER), 50built-in types, 49defined, 49new data type example, 50, 51

2.3.6 Electronic Payment Systems

With the development of digital rights management systems, new commercial applications for the trade with digital goods will be introduced, and new information services will be provided. As digital goods or services can be delivered over networks, it is also desired that they can immediately be paid electronically. Thus, it is assumed that the trade with digital goods stimulates the deployment ...

Electronic Payment Systems

As business is moving from face-to-face trading, mail order, and telephone order to electronic commerce over open networks such as the Internet, crucial security issues are being raised. Whereas Electronic Funds Transfer over financial networks is reasonably secure, securing payments over open networks connecting commercial servers and consumer workstations poses challenges of a new dimension. ...