The original version of this article unfortunately contained a mistake. corrected details are given below.

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 ...

Over the last decade, we have witnessed payment innovations that fundamentally have changed the ways we pay. Payment innovations, such as mobile payments and on-line banking, include characteristics or features that are essential to understand if we want to know how and why payers choose among payment innovations. Using the Repertory Grid technique to explore 15 payers’ perception of six paymen...

A well-functioning credit market is a central driver of economic growth. At the same time, academics, policymakers, as well as the general public, have long been concerned that in some situations borrowing can actually end up hurting consumers. This concern has resurfaced with particular poignancy in the recent financial crisis, as subprime mortgages, credit cards, payday loans, and other credi...

We propose a new dynamic modeling framework for credit risk assessment that extends the prevailing credit scoring models built upon historical data static settings. The driving idea mimics the principle of films, by composing themodel with a sequence of snapshots, rather than a single photograph. In doing so, the dynamic modeling consists of sequential learning from the new incoming data. A key...

Although many charities have a web presence, almost all of them have been designed to accept credit cards as the only means for making donations. The anonymity requirements of many donors, however, make the existing means of donation inappropriate for them. In this paper we investigate the business need for an internet charity donation scheme, identify the security requirements such a scheme sh...

The Malaysian Islamic financial services have developed and thrived in the competitive domestic global market especially last three decades. Government has provided industry conducive enabling environment to catalyse growth development. finance gained prominence been identified as area nation’s sector. Bank Negara Malaysia Annual Report 2020 published on 3 April amongst others highlights that w...