Multi-analyses Electronic Payment System
Author(s)
M. Madhoushi & E. Mohebi
Abstract
This paper is an overview of electronic payment methods and analyses and
compares some types of electronic payment systems which can be grouped into
three broad classes: traditional money transactions, digital currency and credit–
debit payments. Such payment systems have a number of requirements: e.g.
security, acceptability, convenience, cost, anonymity, control, traceability and
control of encryption methods. It also evaluates their advantages and
disadvantages to the customer, the merchant, the e-payment service provider and
the financial institution. These systems employ cryptography to provide security,
however many consumers are still reluctant to purchase over the Internet because
they are concerned about hackers accessing their financial information.
Keywords:
Keywords
Related Book
Other papers in this volume
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