The growth of electronic commerce is dependent upon the emergence of effective electronic payment systems. Whilst payments for large purchases can be made relatively easily using credit/debit cards, small-scale electronic commerce is constrained by the limited nature of existing e-cash (or ‘micropayments’) systems. This paper outlines the evolution of electronic payment systems, leading to an a...

T he exchange of goods conducted face-to-face between two parties dates back to before the beginning of recorded history. Eventually, as trade became more complicated and inconvenient, humans invented abstract representations of value. As time passed, representations of value became more and more abstract, progressing from barter through bank notes, payment orders, checks, credit cards, and now...

The Internet has brought about innumerable changes to the way enterprises do business. An essential problem to be solved before the widespread commercial use of the Internet is to provide a trustworthy solution for electronic payment. We propose a multi-agent mediated electronic payment architecture in this paper. It is aimed at providing an agent-based approach to accommodate multiple e-paymen...

Many e-commerce transactions via e-payment systems is carried out. The aim of this study is that the theory of structures, an empirical analysis about the importance and ranking key factors that may be on customer satisfaction in electronic payment systems affect the Iranian banks.9 specific topics of the factors in e-payment systems, customer satisfaction and affect are more key, were selected...

In recent years, traditional transactions have been replaced by electronic transactions. To protect the security of the electronic transactions, various electronic payment (e-payment) mechanisms have been proposed. However, we find the previous e-payment mechanisms do not provide the non-repudiation requirement in the client side. Thus, a malicious client can easily deny the transaction and the...

Electronic payment systems are of paramount importance in our current digital society. Security and privacy constitute crucial challenges in this area. Electronic money is indeed just digital information that can easily be copied. Moreover, users automatically leave an electronic trail of all their activities in the digital world. In this thesis an advanced infrastructure for secure and anonymo...

Electronic Commerce over the Internet is one of the most rapidly growing areas in todays business. However, considering the most important phase of Electronic Commerce, the payment, it has to be noted that in most currently exploited approaches, support for at least one of the participants is limited. From a general point of view, a couple of requirements for correct payment interactions exist,...

Electronic Commerce over the Internet is one of the most rapidly growing areas in todays business. However, considering the most important phase of Electronic Commerce, the payment, it has to be noted that in most currently exploited approaches, support for at least one of the participants is limited. From a general point of view, a couple of requirements for correct payment interactions exist,...

In credit based payment systems, con dential data such as PIN and credit card number embedded in an electronic credit card must be protected. The authenticity of an electronic credit card in a payment process is normally achieved through an on-line trusted server such as a nancial institution that runs the payment system. This paper considers some novel secure electronic credit card based payme...

Security is an important factor for the wide acceptance of the electronic commerce services. Special security mechanisms are needed for the implementation of secure electronic payment systems that permit the integration of the electronic transactions. In the framework of the information brokerage system that has been developed by the GAIA project of the European Union a number of such mechanism...