The progress of electronic commerce has been stymied by the lack of widely accepted network payment mechanisms. A number of proposals have been put forward, and each one o ers a slightly di erent protocol and set of features. Yet none has achieved the critical mass to become an accepted standard. We believe that there will continue to be a variety of payment mechanisms, so in this paper we prop...

This paper deals with optimal dividend payment problem in the general setup of a piecewise-deterministic compound Poisson risk model. The objective of an insurance business under consideration is to maximize the expected discounted dividend payout up to the time of ruin. Both restricted and unrestricted payment schemes are considered. In the case of restricted payment scheme, the value function...

The ubiquitous payment problems within construction industry of China are notoriously hard to be resolved, thus lead to a series of impacts to the industry chain. Among of them, the most direct result is affecting the normal operation of contractors negatively. A wealth of research has already discussed reasons of the payment problems by introducing a number of possible improvement strategies. ...

Vehicular ad hoc networks (VANETs) are envisioned to support the development of a wide range of attractive applications such as payment services which require the design of payment systems that satisfy additional requirements associated with VANETs. The wide range of scenarios (with or without connectivity restriction) arising from vehicle-to-vehicle and vehicle-to-roadside communications have ...

While the supported e-payment methods of online shops are different from the applied e-payment methods of online consumers, a B2C e-payment mismatch problem occurs and severely affects the online sales. This paper proposes a new dynamic account payment (DAP) method to resolve the mismatch problem. The main idea of DAP is that consumer can request a temporary e-payment account, acceptable to the...

The subject of payment technology is central to e-business applications. Payment technologies' main role is to facilitate transactions by saving time and providing cost effectiveness, value for money, and flexibility for consumers. Payment Technologies for E-Commerce provides brings to light electronic payment systems that serve as the backbone for payments made electronically. The book also em...

The proliferation of payment cards has dramatically changed the ways we shop and merchants sell goods and services. Today, payment cards are indispensable in most advanced economies. Amromin and Chakravorti (2009) find that greater usage of debit cards has resulted in lower demand for small-denomination bank notes and coins that are used to make change in 13 advanced economies. Recent payment s...

By using a unique data set that contains detailed information on consumer perceived attributes of payment methods and consumer perceived acceptance of payment methods by merchants, we estimate the direct effects of rewards card programs on consumer payment choice for in-store transactions. Our estimation approach, which follows Harris and Keane [1999], allows us to alleviate the endogeneity pro...

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...