This paper presents a novel content accounting architecture. Content accounting is becoming increasingly important since it is anticipated that in the near future more billable content on the Internet will be published. The architecture presented in this paper has a distributed functionality and an innovative view with respect to the payment system that is incorporated. The architecture enables...

Payment systems are one of the key Financial Market Infrastructures (FMIs) and have showed remarkable progress over the past two decades. The first half of this chapter focuses on the evolutionary process of payment systems, starting with the Deferred Net Settlement (DNS) system and progressing to the RealTime Gross Settlement (RTGS) system. Subsequently, much more sophisticated payment systems...

This paper studies the influence factors and the influence mechanism which effect Chinese adaption intention of mobile payment based on TAM model, theory of social psychology and innovation diffusion. It takes near-field mobile phone payment as practical example to do questionnaire survey with 623 samples in China and then the data were analyzed by SPSS20.0 and AMOS20.0 software .The result sho...

This paper examines an extended double auction model where market clearing is restricted by temporal constraints. It is found that the allocation problem in this model can be effectively transformed into a weighted bipartite matching in graph theory. By using the augmentation technique, we propose a Vickrey-Clarke-Groves (VCG) mechanism in this model and demonstrate the advantages of the paymen...

An exchange or payment protocol is considered fair if neither of the two parties exchanging items or payment at any time during the protocol has a signiicant advantage over the other entity. Fairness is an important property for electronic commerce. This paper identiies a design framework based on existing fair protocols which use ooine trusted third parties, but with convertible signatures as ...

Electronic markets face the challenge of motivating honest feedback from strangers who have limited interaction with each other. Miller, Resnick and Zeckhauser [3] propose a mechanism for eliciting truthful evaluations by providing monetary incentives. However, their paper does not present valuable empirical data that would help one better understand their system. For example, knowing how noise...

Payment systems are one of the key Financial Market Infrastructures (FMIs) and have showed remarkable progress over the past two decades. The first half of this chapter focuses on the evolutionary process of payment systems, starting with the Deferred Net Settlement (DNS) system and progressing to the RealTime Gross Settlement (RTGS) system. Subsequently, much more sophisticated payment systems...

Modern financial institutions have cashed in on the electronic business opportunities of the Internet by developing numerous payment systems to meet various payment service requirements. Advanced computer systems and telecommunications technology are being used to offer fast, convenient, and secure ways to conduct financial transactions at service and security levels that are hardly or never ac...

Introduction. In distributed systems, where problem solutions have to be jointly derived by several selfish agents and where problem data is spread over the agents as private information, mechanism design is used to motivate agents to reveal their private information truthfully and to obtain a good overall solution for the system. As a simple example, consider single item auctions, where severa...