While online shopping are becoming more accepted by people in modern life, cardholders are more concerned about card fraud and the lack of cardholder authentication in the current online credit card payment. This paper proposes a purchase protocol with live cardholder authentication for online transaction which combines telephone banking and online banking together. The order information and pa...

Near Field Communication (NFC) is a technology widely used for security-critical applications like access control or payment systems. Many of these systems rely on the security assumption that the card has to be in close proximity to communicate with the reader. We developed NFCGate, an Android application capable of relaying NFC communication between card and reader using two rooted but otherw...

This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and between debit and credit cards. We show that competitive pressures dampen merchant fees and increase tot...

This article examines consumer spending as a function of payment mode both when the modes differ in terms of payment coupling (association between purchase decision and actual parting of money) and physical form as well as when the modes differ only in terms of form. Study 1 demonstrates that consumers are willing to spend more when a credit card logo is present versus absent. Study 2 shows tha...

The proliferation of new payment methods on the Internet rekindles the old and unsettled debate about merchants’ incentive and ability to differentiate price according to payment choice. This paper develops an imperfect-information framework for the analysis of platform and social regulation of card surcharging and cash discounting. It makes three main contributions. First, it identifies the co...

In this paper RFID technology is used in payment system in Toll Plaza. Radio Frequency Identification (RFID) is a wireless technology, that is increasingly popular for smartphone applications including smart payments and device pairing whose effective communication range is only within a few millimeters. The payment system is done by just “tap and go”. It consists of a reader attached in the to...

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...

The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. Recognizing this, virtually all interested parties are exploring various types of electronic payment systems, issues surrounding electronic payment system and digital currency. Broadly, electronic payment systems can be classified into four categorie...

In this paper, an Internet payment system is proposed. It gives users a choice to choose which payment method they like to use, either credit card or electronic coins. A literature review on existing payment systems and cryptography are discussed in the beginning of the paper. Then we discuss the mechanism of the proposed system and comparisons between the existing systems and the proposed one....