Along with the rapid development of Internet, e-commerce has become an integral part of life. It owns most of its success to online payment. Nevertheless, some problems of the online payment are becoming the largest restricts in the development of e-commerce. The proposed Union-Bank Online Payment mode effectively solves these problems. Applying empirical research approach and model research ap...

‎this paper proposes a multi-supplier multi-product inventory model in which the suppliers have unlimited production capacity, allow delayed payment, and offer either an all-unit or incremental discount. the retailer can delay payment until after they have sold all the units of the purchased product. the retailer’s warehouse is limited, but the surplus can be stored in a rented warehouse at a...

The paper covers issues of item-selling based payment model(micro-transactions) in Korean online games. Firstly, we characterize two payment models in online game: subscription based payment model and item-selling based payment model. We then investigate and characterize itemselling based payment model in online games and introduce two online games, “Kart Rider” and “Special Force” which have b...

Two parties that conduct a business transaction through the internet do not see each other personally nor do they exchange any document neither any money hand-to-hand currency. Electronic payment is a way by which the two parties transfer the money through the internet. Therefore integrity of payment and order information of online purchase is an important concern. With online purchase the cust...

An economic order quantity model with backordering is investigated under a hybrid payment scheme. The payment scheme, which is also linked to order quantity, involves multiple advance payments as well as delayed payment. Incorporating this payment scheme can efficiently stimulate sales due to applying delayed payment; besides it provides the benefits of advance payment such as controlling the r...