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...

The potential service providers, customers, as well as financial institutions are constructing geographically the largest global business net in the business history over the Internet. The payment mechanism needed for this new business medium is a very important issue. This paper presents a simple debit-based electronic payment protocol QIPP (Qudro-way Internet Payment Protocol) and its impleme...

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,...

This paper presents a generic electronic payment model which is intended for a multi-merchant transaction, in which more than one merchant (the retailer, multiple resellers and content providers) are involved in the distribution of electronic contents. With our payment model, every involved merchant will be notified to verify the license information of a content on the settlement day before the...

With the development of electronic commerce (e-commerce), the electronic payment (e-payment) has become a popular method of payment. Its security and trust are the great attention of customers. This paper is an attempt to compare the current widely used e-payment systems to invest the issues and priority of e-payment over ecommerce, specifically the B2C e-commerce in a specific market China. Gr...

In this paper we shall introduce a new electronic payment concept based on the popular direct debit payment model, entitled periodical payments. The direct debit model currently in use online is neither secure nor flexible, and requires a leap of faith by the customer who must trust the merchant to behave honestly. Electronic direct debit request (DDR) forms are not signed by both parties in a ...

Abstract With the development of e-commerce, choosing a proper electronic payment method has become more and more important. Competing with other payment methods on the Internet, electronic cash has much more attractive properties, such as anonymity and off-line payment, and is generally considered as an ideal electronic payment method. However, the traceability of the customer or the cash in c...

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, ...

Consumers pay for hundreds of goods and services each year, but across households and across goods, consumers do not choose to pay the same way. This paper posits that payment choices depend in part on consumers’ propensity to adopt new technologies and in part on the nature of the transaction. To test this hypothesis, this paper analyzes consumer’s payment instrument use at the point of sale a...