A secure Electronic Payment System (EPS) is essential for the booming online shopping market. A successful EPS supports the transfer of electronic money and sensitive information with security, accuracy, and integrity between the seller and buyer over the Internet. SET, CyberCash, Paypal, and iKP are the most popular Credit CardBased EPSs (CCBEPSs). Some CCBEPSs only use SSL to provide a secure...

The idea of electronic money and the digitalization of economic transactions are appealing as a result of the nowadays’ technological evolution. Many proposals have been presented and several projects have been implemented in this direction, however there is still a long way ahead to widely commercially deployed applications. In this paper a new counter-based electronic payment system is introd...

In many countries, payment services in banking have shifted from paper-based giro and check payments to electronic giro and debit card payments. This paper analyses the effect of this change in payment technology within a multiple-output framework using Norwegian banklevel panel data. The dual approach with four variable inputs is applied, and the general model includes random coefficients to c...

In this paper a novel electronic payment protocol suitable for “peer-to-peer” (P2P) networks is presented. It implements electronic cash-based transactions, between buyers and merchants. It is based on a bank account, though it can be easily extended and can be readily applied to other account payment models like debit cards. The proposed protocol is designed using Millicent’s main concept (scr...

Current research in RFID security focuses on basic authentication protocols between a tag and a reader. In this paper, we claim that, in future, different new RFID-based scenarios will play an increasing role. In particular, we propose two new research directions: 1. Multi-Tag Security, and 2. RFID-based Payment. In multi-tag security, multiple tags try to jointly compute an information while u...

Abstract: An overview of measures used to ensure data integrity in German and international payment systems will be given. While symmetrical cryptographic algorithms are mainly used in national electronic cash system or in electronic purse, asymmetrical procedures are in use in international systems in order to simplify the key management. The descriptions of the payment systems are kept short ...