Electronic payment protocols play a vital role in electronic commerce security, which is essential for secure operation of electronic commerce activities. Formal method is an effective way to verify the security of protocols. But current formal method lacks the description and analysis of timeliness in electronic payment protocols. In order to improve analysis ability, a novel approach to analy...

In an attempt to provide an on-line payment mechanism for large-dollar cross-border transactions, TradeCard Inc. developed the world's first and only "credit card" for international trade. This case study discusses the major issues surrounding the viability of such a B2B electronic payment architecture. How would TradeCard provide a seamless and secure on-line settlement transaction? Is its pla...

If we compare the security problem of a face-to-face contactless card payment process with a mobile phone NFC payment process, we may easily consider that the latter is far more difficult to study. Indeed, the more partners from different organizations involved in the process there are, the more complex the studies are and, accordingly, its protection. As well as the current solutions applied t...

Digital content transactions through e-commerce will grow tremendous in the coming years. Welldesigned electronic payment schemes and high-quality digital contents are two critical successful factors. This paper proposes an incentive-based electronic payment scheme, which can ensure both important properties of fair exchange and customer anonymity in e-commerce transactions and enhance authors’...

Electronic purse systems are more trusted than magnetic credit card payment systems. However, electronic purse technology is difficult and expensive to realize. Security is a major problem in payment systems, but offline electronic payments have security gaps. Public Key Infrastructure (PKI) solutions, which are applicable with third parties included to the system, have some risks. Smart cards ...

In this paper, we build an evaluation tool for assessing the business impacts of an electronic order-topayment cycle. Based on a literature review and expert interviews, we formulate a three-stage model which includes performance indicators for electronic order, electronic invoice, and electronic payment processes. In addition, we pinpoint the inter-process linkages. We test the proposed evalua...

This paper examines the creation of modern electronic payment systems in Thailand. Thailand, like other major developed and emerging economies, experienced payment systems reforms in the 1990s. The country's economic expansion, which started in the late-1980s but unexpectedly ended in the late-1990s, led to the development of three major payment systems. The central bank played a leading role, ...

Because small and medium sized businesses form the basis of the national economy, creating conditions under which they can maintain stable growth in a more competitive environment is a principal challenge for continuous economic growth. Due to a lack of managerial resources in practice, however, they experience difficulties in raising funds and accessing the financial market. On the other hand,...

1. Preface In December 1997, the Bank of Japan established the Forum on the Development of Electronic Payment Technologies and Its Implications for Monetary Policy to examine the influence of the development of electronic payment technologies including electronic money on monetary policy. The forum released the Interim Report in May 1999. Subsequently, the forum expanded the scope of its examin...