Professor Naoki Ikegami’s “Fee-for-service payment – an evil practice that must be stamped out” summarizes many of the failings of alternatives to fee-for-service (FFS) payment systems. His article also offers several suggestions for improving FFS systems. However, even powerful arguments against many of the alternatives to FFS, does not make a convincing argument for FFS systems. In addition, ...

This paper discusses the current status and issues regarding Web-Coin, a newly emerging e-payment form in China. Web-coin has been well accepted in China due to its efficient and convenient payment features. The paper also discusses some ongoing controversial issues with Web-Coin, including regulation problems and the potential risks. This paper is intended to be a valuable reference and implic...

It is commonly believed that good security improves trust, and that the perceptions of good security and trust will ultimately increase the use of electronic commerce. In fact, customers’ perceptions of the security of e-payment systems have become a major factor in the evolution of electronic commerce in markets. In this paper, we examine issues related to e-payment security from the viewpoint...

The exponential growth of e-commerce borne from globalisation has fuelled the use of e-payment systems that are clearly a prerequisite business practice given that Internet consumers must pay for products and services. It is acknowledged that credit card payment is the foremost method for on-line purchases. However in Islamic countries, such as Libya, religious and ethical barriers prohibit the...

Market, technological and legal developments have contributed to a surge of innovation and change in payment systems in recent years, including the development of new means of making payments and the alteration of existing ones. However, many of the recent offerings have failed to gain traction in the e-Commerce marketplace for a variety of reasons. To understand the reasons for this it is nece...

In electronic commerce, the challenges of payment transactions were initially underestimated. Business via the internet and mobile telephony has so far been dominated by the methods of payment systems in traditional business. However, in light of advances in e-commerce, traditional business models are increasingly coming up against their limits. To understand the concept of electronic commerce,...

The study of trust of consumer on Business-to-Consumer (B2C) E-commerce is one of the key research interests of Information Systems (IS) researchers. In this research, we investigate the impact of trust on two different E-payment gateways, viz. online credit card payment system and the hypothetical online Octopus card (a stored-value smart card) payment system. Based on the model developed by G...

E-banking has grown dramatically with the development of ICT industry and banks offer their services to customers from different channels. Nowadays, considering the great economic benefits of electronic banking systems, the need to pay attention to the expansion of electronic banking is increasingly felt in terms of reducing costs and increasing the bank's profitability. The purpose of this stu...