The vast spreading of information in the last decade has led to great development in e-commerce. For instance, e-trade and e-bank are two main Internet services that implement e-transaction from anyplace in the world. This helps merchant and bank to ease the financial transaction process and to give user friendly services at any time. However, the cost of workers and communications falls down c...

The extraordinary growth of interconnected computer network & pervasive trends of using this network as new field for conducting Business process are stimulating the demand for new payment methods. These new methods attain high level of security, speed, privacy, decentralization & internationalization. This seminar surveys the state of art in payment technology & we proposed model for electroni...

E-payment is now one of the most central research areas in ecommerce, mainly regarding online and offline payment scenarios. Customers are generally passive in e-commerce transaction. Relied on a blind signature, this paper introduces an e-payment protocol, in which customers have more initiative, and can terminate the transaction before possible cheats, its security is enhanced. Moreover, the ...

The Internet Open Trading Protocol (IOTP) is an electronic commerce protocol being developed by the Internet Engineering Task Force. IOTP aims at providing an interoperable framework for electronic commerce (ecommerce) over the Internet. IOTP is expected to evolve into one of the central building blocks for the developing of next generation e-commerce on the Internet. The success of electronic ...

We study the design of e¢ cient intertemporal payment arrangements when the ability of agents to perform certain welfare-improving transactions is subject to random and unobservable shocks. E¢ ciency is achieved via a payment system that assigns balances to participants, adjusts them based on the histories of transactions, and periodically resets them through settlement. Our analysis addresses ...

Because many current payment systems are poorly implemented, or of incompetence, private data of consumers such as payment details, addresses and their purchase history can be compromised. Furthermore, current payment systems do not offer any non-repudiable verification to a completed transaction, which poses risks to all the parties of the transaction – the consumer, the merchant and the finan...

573 Abstract— In this paper is given one method of constructing payment via commonly used mobile phone, SIM-card and plastic card based on USSD-commands. NOWADAYS we can't imagine business and commerce without ICT. Government adopted many legislative acts, resolutions and decrees based on law and creating favorable conditions for online conducting of bargains. All these were done for the develo...

In modern payment systems, the user is often the weakest link in the security chain. To identify the key vulnerabilities associated with the user behavior and to implement a number of measures useful to protect the payment systems against these kinds of vulnerability is a real hard task. To this aim, we designed an architecture useful to divide the users of a payment system into pre-defined cla...