Electronic cash is a suitable solution for payment systems, in which the user’s identity should not be revealed during the payment. This is for example the case for public transportation payment systems. One electronic cash scheme, efficient during the spending phase, was proposed by Brands’. This scheme, as all privacy-preserving payment schemes, is based on public-key cryptography. However, p...

As an emerging decentralized technology, peerto-peer architecture arises as a new model for distributed computing and transaction, consequently there is a need for a scheme to incorporate payment services in this environment to enable electronic payment via peer-to-peer systems. In this paper, a transferable token is proposed for peer-to-peer payment system, which can float from a peer to anoth...

Electronic business (e-business) refers to the utilization of information and communication technologies (ICT) to support of all aspects of business (Turban et al., 2010). The term was first used by IBM's marketing and Internet teams in 1996 (Amor, 1999). E-business payment systems or solutions refer to the various innovative applications and approaches including the use of credit cards, magnet...

The main incentive for the use of electronic commerce (E-commerce) and spread on a large scale is that most of business activities need payment system. As E-commerce requires an efficient payment system which is stable and secure for supporting electronically commerce. This paper proposed to enforce SET, SSL protocols for encrypting e-payment information. It also presented several methods to ta...

Online payments are a critical issue in electronic markets. This research investigates online payment choices using probit and nested logit model based on the survey data we collected from eBay users. We develop a theoretical framework to model payment choices between the trader partners based on risk, convenience and cost dimensions. Then, we analyze how product attributes, traders’ characteri...

Status of this Memo This memo provides information for the Internet community. It does not specify an Internet standard of any kind. Distribution of this memo is unlimited. Abstract This document describes detailed Input/Output parameters for the Internet Open Trading Protocol (IOTP) Payment Application Programming Interface (API). It also describes procedures in the Payment Bridge for the use ...

Cash-like payments in electronic commerce and at the traditional point of sale are expected to be beneficial, e.g., because of privacy protection, low transaction costs, and irrevocability. Therefore, we discuss how to design electronic cash in a way that it both mirrors the most important characteristics of traditional cash, but also fulfils the expectations which arise towards electronic mean...

Secure methods of payment are needed before we will see widespread commercial use of the Internet. Recently proposed and implemented payment methods follow one of three models: electronic currency, creditdebit, and secure credit card transactions. Such payment services have di erent strengths and weaknesses with respect to the requirements of of security, reliability, scalability, anonymity, ac...

Secure methods of payment are needed before we will see widespread commercial use of the Internet. Recently proposed and implemented payment methods follow one of three models: electronic currency, credit-debit, and secure credit card transactions. Such payment services have diierent strengths and weaknesses with respect to the requirements of of security, reliability , scalability, anonymity, ...