Mobile Phone has been widely used in the world and adopted in different application areas involved with SMS has been evolved for downloading logo, ring-tones, advertisement, security notes, and location based system. This paper describe a service that further extends the functionality of SMS, a prototype named as “SMS Credit” is developed that allows customers to perform electronic payment usin...

MasterCard and VisaCard use credit cards to support a number of services, such as Masterphone or Visaphone, which allow cardholders to make phone calls from any telephone. However, these services take little or no security precautions. Although SET protocol has defined a secure payment method for card transactions over open networks, it cannot fit in telephone systems. In this paper, we propose...

In modern retail market environment, electronic commerce has rapidly gained a lot of attention and also provides instantaneous transactions. In electronic commerce, credit card has become the most important means of payment due to fast development in information technology around the world. As the usage of credit card increases in the last decade, rate of fraudulent practices is also increasing...

This study proposes a new multi-item inventory model with hybrid cost parameters under a fuzzy-stochastic constraint and permissible delay in payment. The price and marketing expenditure dependent stochastic demand and the demand dependent the unit production cost are considered. Shortages are allowed and partially backordered. The main objective of this paper is to determine selling price, mar...

Credit card fraud is already a significant factor inhibiting consumer confidence in ecommerce. As more advanced payment systems become common, what legal and technological mechanisms are required to ensure that fraud does not do long-term damage to consumers' willingness to use electronic payment mechanisms?

With mobile payment, individuals can buy goods and services through the use of a mobile device and wireless technology. Still, although the usage of mobile payment provides several advantages, such as a more convenient and faster paying-process, it is hardly used. Individuals rather stick with their current payment method, such as cash, EC card or credit card. In this study, we therefore try to...

The Keele Economics Department produces this series of research papers in order to stimulate discussion and invite feedback. Copyright remains with the authors. All papers in the kerp series are available for downloading from the Keele Economics website, via Abstract This paper establishes a theoretical framework to characterise the optimal behaviour of individuals who receive income periodical...

This paper presents an integrated imperfect production inventory model under two layer supply chain management. To ensure the orders, manufacturer convinces retailer to pay a percentage of purchasing cost prior replenish products and offers facilities such as (i) delay in payment on remaining part (ii) free transportation basis advance amount. Time dependent development is incurred maintain rel...

Recently, market globalization and competition have forced companies to find alternative means to boost sales and revenue. The use of the cash flow is increasingly becoming a viable alternative for managers to improve their company’s profitability in a supply chain. In today’s business transactions, a supplier usually asks a manufacturer to pay via the advance-cash-credit (ACC) payment scheme i...

Permissible delay in payment basically termed as “Trade credit financing” and in the present business scenario it has become a popular trend to attract the retailers by offering some interest free period by suppliers/wholesalers to increase the sales. The phenomenon of trade credit has drawn attention of many researches for last decay.In this work, for the development of model we have considere...