Electronic money, in general, is used for trading over electronic channels such as the Internet, or mobile networks. Micropayments, in particular, can be used for the purchase of low value intangible goods (i.e., nonphysical assets like data and information). For these products, the use of payment instruments like on-line credit cards tends to be more expensive than the actual product. For this...

AbstractWith the increasing deployment of Web-enabled technologies, electronic fund transactions and home banking is rapidly taking place over the Internet. There is a growing need for a solid and robust electronic business and payment system. The current payment system bears several types of difficulties for Internet users. Financial institutions, banks, customers and merchants, around the cou...

This research seeks to measure citizen satisfaction with the electronic London Congestion Charging (LCC) payment system offered by Transport For London (TFL) in the United Kingdom (UK). The paper reports on the findings of a survey of 500 users of the TFL LCC online payment system. Satisfaction is measured using the four dimensions from the COBRA framework 0that comprise the cost, opportunity, ...

The progress of electronic commerce has been stymied by the lack of widely accepted network payment mechanisms. A number of proposals have been put forward, and each one o ers a slightly di erent protocol and set of features. Yet none has achieved the critical mass to become an accepted standard. We believe that there will continue to be a variety of payment mechanisms, so in this paper we prop...

The rapid growth of data communications networks in recent years has led to enormous development in electronic commerce. Internet banking and trading are two important applications that execute financial transaction from anywhere in the world. This enables banks and merchants to simplify their financial transaction process as well as to provide customer friendly service 24-hours a day. On one h...

Credit card payment system is the most popular way to make a purchase on electronic commerce. The main problem about using it is that the customer gives his personal information and credit card number to merchant or payment service provider when he makes a purchase in Internet. The result of this action is the lost of customer’s anonymity and privacy in both the real world and Internet. We prop...

Electronic payment is a key building block of distributed business applications in mobile ad hoc networks (MANETs). However, existing payment systems do not fulfill the requirements imposed by the highly dynamic and decentralized nature of MANETs. Either they rely on digital coins that suffer from usability problems, or they build on cellular phone technology which is bound to the availability ...

In this paper main aim is on security problems related to electronic payment gateway. This paper addresses the requirement of certification of users and merchants during the process of online transactions. Security of electronic payments is quite a big issue now a days and there is need of secure transaction process. Authentication of merchant or customer is quite important and certification is...

In the document, simulation of the company-specific business process (BP) “Accounting of cash on the Bank accounts” in the global electronic payment system is presented based on the process approach built upon the evolutionary reengineering principles and applying the high-tech software. BP “Accounting of cash on the Bank accounts” (Activity Model As-Is) at the modern Ukrainian companies is ana...

To provide card holder authentication while they are conducting an electronic transaction using mobile devices, VISA and MasterCard independently proposed two electronic payment protocols: Visa 3D Secure and MasterCard Secure Code. The protocols use pre-registered passwords to provide card holder authentication and Secure Socket Layer/ Transport Layer Security (SSL/TLS) for data confidentiality...