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 ...

In recent years, traditional transactions have been replaced by electronic transactions.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...

A health care provider chooses medical service quality and cost-reduction e§ort. Both choices are noncontractible. An insurer observes both quality and cost e§ort, and may credibly disclose them to consumers. In prospective payment, the insurer fully discloses care quality, and sets a prospective payment price. In cost reimbursement, the insurer discloses a value index, a weighted average of qu...

Previous studies consider confidence in the Internet as a means of payment and existence of a legal framework that protect consumers in their activities on the Internet are the critical issues of B2C success. To respond, this study extends the IS Continuance Model with Cue Utilization Theory to examine the impact of offering e-payments to online users, specifically, the relationship between the...

In current electronic commerce systems, customers have an on-line interaction with merchants via a browser on their personal computer. Also payment is done electronically via the Internet, mostly with a credit card. In parallel to this, e-services via wireless-only systems are emerging. This paper identifies security and functionality weaknesses in both of these current approaches. The paper di...

It has been widely accepted that fairness is a critical property for electronic commerce. Fair payment protocol is designed to guarantee fairness in a payment process over asynchronous network. Fairness means that when the protocol terminates, either both parties get their expected items, or neither does. In this paper we first present a new generic offline fair payment protocol with fairness, ...

---------------------------------------------------------------------ABSTRACT---------------------------------------------------------------In this article e-payment scheme by mobile machine is considered. The requirements for a mobile machine in e-payment are presented, particularly when merchant employing accounts for payments and when using advertising. In the proposed scheme we will use the...

Money in the e-commerce network, represents information moving at the speed of light, where fraud (digital crime) within the banking and financial services happened very fast and can cost billions of dollars each year-undetected and unreported. In this paper I present a comprehensive framework that mines and detect fraudulent transactions of Card-NotPresent (CNP) in the e-payment systems with 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...