With the convergence of wireless data communication and the Internet, more and more Internet services are now being used in the wireless area. Mobile payment protocols are necessary for online transactions. A good payment protocol should balance the requirements of security and convenience. WAP (Wireless Application Protocol) is one of the prevalent wireless technologies being embraced by the b...

Nowadays, many bank cards are smart cards (i.e. integrated-circuit cards) based on the EMV specifications for payment systems. This paper specifies how biometric on-card verification can be integrated into EMV debit and credit cards in a backwards-compatible way. The biometric verification does not change the EMV transaction flow outside the cardholder-verification step. The proposed payment sy...

In modern retail market environment, electronic commerce has rapidly gained a lot of attention and also provides instantaneous transactions. In electronic commerce, credit card has become the most important means of payment due to fast development in information technology around the world. As the usage of credit card increases in the last decade, rate of fraudulent practices is also increasing...

As there is a vast advancement in the E-commerce technology, the use of credit cards has grown up. The credit card has become the crucial mode of payment so with the rise in the credit card transactions, the credit card frauds have also become frequent nowadays. [1] Thus, an improved fraud detection system has become essential to maintain the reliability of the payment system. The criterion is ...

Introduction Both health information technology (HIT) and the payment card industry (PCI) involve the exchange and management of sensitive, protected information. Compared to the PCI, HIT could consider protected health information (PHI) more sensitive than PCI cardholder data. If cardholder data is breached in the PCI, payment card companies may then remove fraudulent charges from the customer...

This paper presents a model for the credit card industry, where oligopolistic card networks price their products in a complex marketplace with competing payment instruments, rational consumers/merchants, and competitive card issuers/acquirers. The analysis suggests that card networks demand higher interchange fees to maximize card issuers’ profits as card payments become more efficient. At equi...

Recent rapid development in mobile communication enables people being with cellular phone wherever they go. It is practical to enhance the functionality of cellular phone, and one is to boost consumerfriendly mobile transactions by replacing traditional credit card payment system. However, previous researches focus on the improvement of smartcard technology [1]. That means the handset must be u...

Global competitiveness has recently become the biggest concern of both manufacturing and service companies. Electronic commerce, as a key technology enables the firms to reach all the potential consumers from all over the world. In this study, we have presented commonly used electronic payment systems, and then we have shown the evaluation of these systems in respect to different criteria. The ...

These days smart cards are replacing traditional magnetic cards for payment transactions. One of the main reasons is the enhanced security capabilities built into a smart card. Most of the related works in smart card only concentrates on the single application such as network access control, prepaid phone card or debit card. With popularity in web technologies, there is a trend towards smart ca...

In this paper we review a secure electronic payment system for Internet transaction. The electronic payment system is to be secure for Internet transaction participants such as Payment gateway server, Bank sever and Merchant server. The security architecture of the system is designed by using Many Security Protocols and techniques, which eliminates the fraud that occurs today with stolen credit...