Loss of privacy in electronic payment systems

An Efficient Electronic Payment System Protecting Privacy

Previously proposed anonymous electronic payment systems have the drawback that the bank has to maintain large databases, which is a handicap for the realization of such systems. In this paper, we present a practical anonymous payment system that signiicantly reduces the size of such databases. It uses the concept of anonymous accounts and ooers anonymity as an add-on feature to existing EFTPOS...

Electronic payment systems

Electronic payment systems

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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. ...