In this paper we shall introduce a new electronic payment concept based on the popular direct debit payment model, entitled periodical payments. The direct debit model currently in use online is neither secure nor flexible, and requires a leap of faith by the customer who must trust the merchant to behave honestly. Electronic direct debit request (DDR) forms are not signed by both parties in a ...

Abstract With the development of e-commerce, choosing a proper electronic payment method has become more and more important. Competing with other payment methods on the Internet, electronic cash has much more attractive properties, such as anonymity and off-line payment, and is generally considered as an ideal electronic payment method. However, the traceability of the customer or the cash in c...

Electronic Commerce over the Internet is one of the most rapidly growing areas in todays business. However, considering the most important phase of Electronic Commerce, the payment, it has to be noted that in most currently exploited approaches support for at least one of the participants is limited. From a general point of view, a couple of requirements for correct payment interactions exist, ...

Consumers pay for hundreds of goods and services each year, but across households and across goods, consumers do not choose to pay the same way. This paper posits that payment choices depend in part on consumers’ propensity to adopt new technologies and in part on the nature of the transaction. To test this hypothesis, this paper analyzes consumer’s payment instrument use at the point of sale a...

Electronic Commerce over the Internet is one of the most rapidly growing areas in todays business. However, considering the most important phase of Electronic Commerce, the payment, it has to be noted that in most currently exploited approaches support for at least one of the participants is limited. From a general point of view, a couple of requirements for correct payment interactions exist, ...

The literature shows that electronic payments are key to improving financial inclusion and achieving global development goals such as the United Nation’s (UNs) Sustainable Development Goals. benefits premised on welfare-enhancing effects of digital payments, which reduce costs, probability loss risk for low-income consumers, well improve access formal services. This study thus investigates cond...

We study the transaction atomicity problem for designing electronic payment protocols in distributed systems. We observe that the techniques that are used to guarantee transaction atomicity in a database system are not robust enough to guarantee transaction atomicity in an electronic payment system, in which a set of dishonest or malicious participants may exhibit unpredictable behavior and cau...