This paper discusses the design and implementation of a payment framework that is loosely based on the direct debit payment model. We define such payments as one in which customers can authorise merchants to bill them repeatedly for the provision of some service without further interaction with the customers being required. This paper aims to present a first working prototype of our periodical ...

In recent years interest-bearing checking accounts and ATM cards have become quite ubiquitous. These alternative payment methods offer many benefits, but a majority of households have yet to adopt these technologies as a means of payment. The goal of this paper is to answer why some households have been reluctant to make the switch. This paper uses dynamic discrete choice techniques to model ho...

whether for the delay in payment of debt resulting from civil liability can be demand late payment damages? in answering this question, answer of some of lawyers is positive. they believed that late payment damages is accrued to debt resulting from civil liability. because, these creditors are more deserving of protection. also, the word of debt in article 522 of code civil procedure is absolut...

today, e-commerce has considerable portion in commercial businesses, and it has been developing. one of the most important steps in e-commerce is e-payment that has been done through different tools such as e-banking, and e-cheques. in this type of electronic transactions, there are always different worries both for payers and payees due to untruthfulness. for example, amount modifying, date mo...

All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. 1 Accounting for respondent uncertainty to improve willingness-to-pay estimates ABSTRACT In this paper we develop an econometric model of willingness to pay that integrates data on respondent uncertainty regarding their ...

Electronic payment systems play a vital role in modern business-to-consumer and businessto-business e-commerce. Atomicity, fault tolerance and security concerns form a problem domain of interdependent issues that are taken into account to assure the transaction guarantees of interest. We focus on the most notable payment transaction guarantees: money conservation, no double spending, goods atom...

The Ambulatory Patient Group (APGs) are a patient classification system that was developed to be used as the basis of a prospective payment system (PPS) for the facility costs of outpatient care. This article will review the key characteristics of a patient classification system for ambulatory care, describe the APG development process, and describe a payment model based on the APGs. We present...

This paper investigates the competition between payment card issuers in an artificial payment card market. In the market we model the interactions between consumers, merchants and competing card issuers and obtain the optimal pricing structure for card issuers. We allow card issuers to charge consumers and merchants with fixed fees, provide net benefits from card usage and engage in marketing a...