How does the structure of a series of payments influence its recipient's satisfaction? A common hypothesis is that each payment will be compared with a single "standard" or "reference" payment (e.g., the average payment). Cognitive models of judgment such as range frequency theory predict in contrast that the entire payment distribution will influence evaluation of each individual payment. Two ...

The increasing number of smart phones presents a significant opportunity for the development of m-payment services. Despite the predicted success of m-payment, the market remains immature in most countries. This can be explained by the lack of agreement on standards and business models for all stakeholders in m-payment ecosystem. In this paper, the STOF business model framework is employed to a...

If we compare the security problem of a face-to-face contactless card payment process with a mobile phone NFC payment process, we may easily consider that the latter is far more difficult to study. Indeed, the more partners from different organizations involved in the process there are, the more complex the studies are and, accordingly, its protection. As well as the current solutions applied t...

This study’s objective was to develop a new model to classify mobile payment systems. Analysis of current classifying models revealed their lack of user’s perspective. The new model proposed in this paper focuses on the consumer. The classification criteria have been derived from analyzing existing m-payment systems, and their distinct characteristics visible to the consumer. This new user-cent...

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...

background: informal payments in the health sector of many developing countries are considered as a major impediment to health care reforms. informal payments are a form of systemic fraud and have adverse effects on the performance of the health system. in this study, the frequency and extent of informal payments as well as the determinants of these payments were investigated in general hospita...

Many experts consider that efficient and effective mobile payment solutions will empower existing eand m-commerce efforts and unleash the true potential of mobile business. Recently, different mobile payment approaches appear to the market addressing particular needs, but up to now no global mobile payment solution exists. SEMOPS is a secure mobile payment service with an innovative technology ...

Paying for goods and services creates disutility for the payer. Based on ideas from behavioral economics, we contend that the disutility of paying can be substantially influenced by the method of payment. We develop a model of the consumer that takes into account phenomena such as the pain of paying, the sunk-cost effect, and self-control issues. In a laboratory experiment we test this model an...

In this article, we present a theoretical model to study the ability of banks to influence the consumer’s payment instrument choice. Unlike most two-sided market models where benefits are exogenous, we explicitly consider how consumers’ utility and merchants’ profits increase from additional sales resulting from greater security and access to credit lines. Consumers participate in payment card ...

introduction payment system is any organized arrangement for transferring monetary value leading to discharge and settlement of obligation. negotiable instruments in their special meaning are tradable documents that can be used as means of payment in commercial and consuming trades and are considered as non-cash payment system among the monetary transferring systems. the negotiable instruments ...