b s t r a c t Although debit/cash cards based on smart card technology promised to bring forth the end of loose change, very few managed to gain critical mass or come close to totally eliminating coins including those supported by major credit card operators (e.g., Visa Cash and Mondex). In this paper, we discuss a specific system – Octopus – which not only gained momentum among the passenger t...

This comprehensive survey deliberated over the security of electronic payment systems. In our research, we focused on either dominant systems or new attempts and innovations to improve the level of security of the electronic payment systems. This survey consists of the Card-present (CP) transactions and a review of its dominant system i.e. EMV including several researches at Cambridge universit...

We study the ability of banks and merchants to influence the consumer’s payment instrument choice. Consumers participate in payment card networks to insure themselves against three types of shocks— income, theft, and their merchant match. Merchants choose which payment instruments to accept based on their production costs and increased profit opportunities. Our key results can be summarized as ...

This paper reports a survey study of willingness to pay for air quality improvement in Sofia, Bulgaria. The stochastic payment card approach, which asks respondents the likelihood that she would agree to pay a series of prices, was employed to estimate individuals' willingness-to-pay distributions. The results show that people in Sofia were willing to pay up to about 4.2% of their income for an...

Online payments in business-to-consumer electronic commerce are mainly made with credit cards. Fraud and chargebacks are a significant issue for merchants and payment card brands, due to widespread use of unsecured or partially secured credit card transactions. The Secure Electronic Transaction (SET) protocol may not only provide a high security level. It also enables productivity improvements ...

Currently, the Islamic finance industry is proliferating and continues to make exciting innovations attract customers. This innovation offers convenience efficiency in financing banking Indonesia. one of product offered a sharia credit card. Unlike conventional banks' cards, which based on interest, this card still contract. study aims look at preferences bank customers, especially Surabaya bra...

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...

UNLABELLED Background An estimated 25700 people live with diagnosed HIV (PLWH) in Australia and ~1200 newly diagnosed cases were notified in 2012. New HIV prevention strategies focus on individual uptake of treatment; however, a potential barrier is the financial burden of antiretroviral treatment (ART). We describe HIV ART dispensed and the estimated associated costs for PLWH in Victoria. ME...

Payment card rewards programs have become increasingly popular in the United States. Nearly all large credit card issuers offer rewards to customers for using their cards, as do more than a third of depository institutions for using debit cards. Recent surveys suggest that many consumers now receive rewards. And rewards are becoming more generous and diversified, ranging from 5 percent cash-bac...

Prepaid mobile phone plans are gaining in importance in the U.S. and are already well established in Europe. Aggregation of a certain number of Micropayments is the preferred business model for wireless carriers to leverage the existing payment infrastructure with a mobile payment solution. There exist various Payment Scenarios that are based on the Wallet metaphor, and in general, they can be ...