This paper is concerned with the business strategy in managing payment innovations. Particularly, the study looks at the smart card electronic cash (e-cash) innovation in the financial service industry. The smart card e-cash has yet to overcome obstacles to its diffusion. Given the e-commerce opportunity, banks and non-banks compete to deploy smart card technology for Internet use. A review of ...

We propose a new lightweight payment scheme for transit systems called P4R: Privacy-Preserving Pre-Payments with Refunds. In P4R a user deposits money to obtain a bundle of credentials, where each credential allows to make an arbitrary ride. The actual fare of a trip is determined on-the-fly when exiting. Overpayments are refunded where all trip refunds of a user are aggregated in a single toke...

Firstly, a game model is established under unconstrained market conditions to illustrate the basic evolutionary rule of the market of e-commerce payment method. It is concluded that the establishment of e-commerce payment market is not normative under the unconstrained market conditions, which shows the importance of the introduction of the third party payment for the establishment of standardi...

This poster proposes a secure e-payment architecture for online shopping protecting users’ privacy. Introduction. Online shopping is becoming more and more interesting for customers because of the ease of use and the large choice of products. A vast amount of sensitive information is transferred during such online payment transactions what involves privacy problems. Current e-payment schemes, s...

This assessment of the future of Internet payments concentrates on the potential of serverbased Internet payment systems. The central server-based approach is seen as a relevant future trend and "paradigm shift" in the development of Internet Payment systems. The analysis therefore goes beyond the mere observation of a "second generation" of Internet payment systems (such as prepaid scratch car...

Adoption of IT innovations is attracting increasing attention. Researchers are particularly interested in factors that affect the adoption of IS and IT innovations. Innovation diffusion theory is used frequently to evaluate the effect of perceived innovation attributes and the adoption of innovations. Nevertheless, explanatory power of perceived innovation attributes varies across different inn...

The most important phase in E–Commerce interactions is the payment, due to the transfer of sensitive information (e.g., credit card numbers). A couple of requirements exist both from the point of view of a customer and from the merchant’s perspective. This set of requirements is even enlarged when complex interactions are considered in which a customer purchases goods originating from different...

Electronic money, in general, is used for trading over electronic channels such as the Internet, or mobile networks. Micropayments, in particular, can be used for the purchase of low value intangible goods (i.e., nonphysical assets like data and information). For these products, the use of payment instruments like on-line credit cards tends to be more expensive than the actual product. For this...

Success in online services cannot promise the success in corresponding mobile services. To understand the mobile service adoption behavior under the context of online service transition, this study, taking mobile payment as an example, from a trust transfer perspective, examines users’ acceptance of mobile payment using the TAM (Technology acceptance model). A field survey with 220 mobile payme...