Existing payment methods like cash and debit/credit card payments are still predominant in our daily lives. Nevertheless, these methods are not well suited for new payment scenarios as for example e-commerce and TV shopping, resulting in increased fraud and high disputes handling costs. Next-generation payment methods must meet technical, user, and business requirements that cover traditional a...

Payment card associations Visa and MasterCard offer both debit and credit cards and, until recently, used to engage in a tie-in on the merchant side through the so-called honorall-cards (HAC) rule. This rule has come under attack on the grounds that the credit and debit card markets are separate markets and that the associations lever their market power in the “credit card market” to exclude on...

Despite that existence of variety of electronic payment systems is among critical success factors of ecommerce, it is surprising to note that few studies were carried about the preferences of customers to these alternatives. This study evaluates the degree of current use, satisfaction, intention to adopt and perceived obstacles toward existing electronic payment systems. Data were collected fro...

In this paper, we propose an Internet payment system which uses a payment gateway to handle the credit card payment transaction between customers, merchants and banks. To test and evaluate the payment system, we build an online travel agency called E-Travel, which simulates a real-life E-Payment application. On-line travel services including flight reservation, selling of travel accessories, to...

or two decades, economic and legal academics have speculated about the impact of the fees that merchants pay for credit card acceptance. Since all customers pay the same price, the theory goes, everyone pays for the benefits that go only to credit card users. A recent Federal Reserve Bank of Boston (FRBB) policy paper written by economists Scott Schuh, Oz Shy, and Joanna Stavins entitled Who Ga...

The micro-payment system is an important technique in electronic commerce. The high-value payment system is not suitable for a micro-payment system because the requirements are di€erent. To meet sucient security for all participants in electronic commerce, a micro-payment system makes it possible to make small payment through electronic communication networks. In this paper, we propose a simpl...