Credit card payment system is the most popular way to make a purchase on electronic commerce. The main problem about using it is that the customer gives his personal information and credit card number to merchant or payment service provider when he makes a purchase in Internet. The result of this action is the lost of customer’s anonymity and privacy in both the real world and Internet. We prop...

We extended the PayWord scheme, it supports shopping at multiple vendors without an on-line broker or an on-line secure database. The proposed credit-based system uses one hash chain, hence besides the secret signature key only the seed and a random value should be securely stored. Our scheme is analyzed in applied pi calculus, we prove that it fulfills payment approval, secure payment authoriz...

Background and Objectives: In the real world, the obsolescence items are some items that lose their value over time due to the emergence of new technology. Because of rapid changes in technology, inventory management of such items is considered in recent years. Moreover, suppliers try to encourage the retailers for purchasing an item before it is outmoded with some policies suc...

The payment industry has been characterized by a small number of players that operate the schemes for the facilitation of credit and debit card payments. Over the years, various initiatives have been taken in order to increase competition and hence cost efficiency within the industry. One of the latest efforts is the introduction of Payment Service Directive II (PSDII) within the European Union...

This study aims to address a number of the issues which are pertinent to practitioners trying to use published models in day to day risk assessment. Firstly we look at an approach to handling missing data, then at the predictivity of payment behaviour information, which has become available on credit reports in the UK in recent years but has not so far been considered by researchers. Finally we...

This paper studies the choice of payment instruments in a simple model where both money and credit can be used as means of payment. We endogenize the acceptability of credit by allowing retailers to invest in a costly record-keeping technology. Our framework captures the two-sided market interaction between consumers and retailers, leading to strategic complementarities that can generate multip...

For some time, the Board of Governors of the Federal Reserve System has sought to obtain more detailed and timely information on the debt status, loan payment behavior, and overall credit quality of U.S. consumers. Such information could facilitate the Board's analysis of macroeconomic conditions, improve its understanding of the way credit is provided to consumers, and enhance the System's sup...

Recent rapid development in mobile communication enables people being with cellular phone wherever they go. It is practical to enhance the functionality of cellular phone, and one is to boost consumerfriendly mobile transactions by replacing traditional credit card payment system. However, previous researches focus on the improvement of smartcard technology [1]. That means the handset must be u...

Near field communication has enabled customers to put their credit cards into a smartphone and use the phone for credit card transaction. But EMV contactless payment allows unauthorized readers to access credit cards. Besides, in offline transaction, a merchant's reader cannot verify whether a card has been revoked. Therefore, we propose an EMV-compatible payment protocol to mitigate the transa...

Along with the rapid development of Internet, e-commerce has become an integral part of life. It owns most of its success to online payment. Nevertheless, some problems of the online payment are becoming the largest restricts in the development of e-commerce. The proposed Union-Bank Online Payment mode effectively solves these problems. Applying empirical research approach and model research ap...