Along with the exponential increase in online business transactions, the online payment system has gained in popularity because vendors and creditors realize its growing importance as a foundation to improve their information infrastructure and to achieve “paperless” operating efficiency. However, due to per se different characteristics among customers and Web-systems, both sides’ perspectives ...

On June 18, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Commerce Payments Council (eCPC) of the Electronic Funds Transfer Association co-hosted a workshop forum to explore areas of mutual interest related to the proliferation of e-commerce payments. This was the second event jointly sponsored by the groups. The first forum, “The Future of e-Comm...

Digital content transactions through e-commerce will grow tremendous in the coming years. Welldesigned electronic payment schemes and high-quality digital contents are two critical successful factors. This paper proposes an incentive-based electronic payment scheme, which can ensure both important properties of fair exchange and customer anonymity in e-commerce transactions and enhance authors’...

Although at the moment electronic payment via the Internet has no major impact on e-commerce sites, it will be a prerequisite for new business models, such as pay-per-view, and necessary for the success and cost efficiency of future e-commerce applications. Many payment protocols and frameworks for various business domains exist. However, they are incompatible which makes it hard for service de...

Despite that existence of variety of electronic payment systems is among critical success factors of ecommerce, it is surprising to note that few studies were carried about the preferences of customers to these alternatives. This study evaluates the degree of current use, satisfaction, intention to adopt and perceived obstacles toward existing electronic payment systems. Data were collected fro...

Copy right Idea Grou p Inc . Copy right Idea Grou p Inc . Internet online sales totaled $7.8 billion for 1998, with the average online shopper spending $629 (Fasig, 1999). During the 1999 holiday season, online sales were reportedly double that of 1998 at many “e-tailers” (although final statistics had not been published as this chapter went to press). As Web-based consumer sales grow, so does ...

Composition, change and complexity have attracted ev- eryone’s attention towards Self-Adaptive systems. These systems, inspired by the human body, are capable of adapting to changes in the inner and outer environment. The main objective of this study is to achieve a more con- venient availability for e-banking services in the payment switch, using self-healing systems and focusing on the failur...

Composition, change and complexity have attracted ev- eryone’s attention towards Self-Adaptive systems. These systems, inspired by the human body, are capable of adapting to changes in the inner and outer environment. The main objective of this study is to achieve a more con- venient availability for e-banking services in the payment switch, using self-healing systems and focusing on the failur...

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 ...

Credit cards and the subsequent payment of credit card debt play a crucial role in e-commerce transactions. While website design effects on trust and e-commerce have been studied, these are usually coarse grained models. A more individualized approach to utilization of online credit card payment services is examined that utilizes personality as measured by the Myers-Briggs personality type asse...