Electronic Commerce Payment Systems

17. Electronic payments and cryptocurrency

Information Technology Law ◽

10.1093/he/9780198804727.003.0017 ◽

2019 ◽

pp. 438-452

Author(s):

Andrew Murray

Keyword(s):

Electronic Commerce ◽

Credit Cards ◽

Legal Environment ◽

Electronic Payment ◽

Payment Systems ◽

Considerable Time ◽

Electronic Money ◽

Electronic Payments ◽

Payment Methods ◽

Online Payment

This chapter examines online payment methods, including the use of tokens, in electronic commerce. It first provides an overview of token payments before looking at alternative electronic payment systems including debt substitution, payment by credit cards, and fund transfer. The chapter reviews the failure of the European Commission’s Electronic Money Directive 2000 and examines whether the current law, found in the 2009 Electronic Money Directive, is likely to provide a better legal environment for electronic money to flourish. It spends considerable time looking at the development of cryptocurrencies, including bitcoin and how blockchain is used to establish trust in cryptocurrency transactions, before concluding with an analysis of the law in relation to cryptocurrency.

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Overcoming Constraints on Electronic Commerce - Internet Payment Systems

Journal of General Management ◽

10.1177/030630709802400202 ◽

1998 ◽

Vol 24 (2) ◽

pp. 19-35 ◽

Cited By ~ 10

Author(s):

Chanaka Jayawardhena ◽

Paul Foley

Keyword(s):

Electronic Commerce ◽

Payment Systems

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The impact of security control on business-to-consumer electronic commerce

Human Systems Management ◽

10.3233/hsm-2001-20207 ◽

2001 ◽

Vol 20 (2) ◽

pp. 139-147

Author(s):

Kuo Lane Chen ◽

Huei Lee ◽

Bradley W. Mayer

Keyword(s):

Electronic Commerce ◽

Credit Card ◽

The Internet ◽

Electronic Payment ◽

Payment Systems ◽

Internal Security ◽

Control Techniques ◽

Security Control ◽

Business To Consumer ◽

The Impact

The purpose of this paper is to study the security control techniques and its impact on Internet purchasing and electronic commerce. Various security-control techniques for e-commerce are: (1) authentication (2) encryption (3) electronic payment systems (4) internal security management, and (5) non-electronic payment options. A survey from three universities in three different states was conducted. Results suggest that students have general knowledge about security techniques used by businesses but they are not as familiar with electronic payment systems. Students, however, prefer entering credit card information on the Internet after they decide to purchase a product via the Internet.

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Electronic Payment Systems in Electronic Commerce

Tools and Techniques for Implementing International E-Trading Tactics for Competitive Advantage - Advances in E-Business Research ◽

10.4018/978-1-7998-0035-4.ch006 ◽

2020 ◽

pp. 114-139

Author(s):

Rana Atabay Kuscu ◽

Yasemin Cicekcisoy ◽

Umit Bozoklu

Keyword(s):

Electronic Commerce ◽

Web Sites ◽

Payment System ◽

The Internet ◽

Electronic Payment ◽

Payment Systems ◽

Payment Methods ◽

Digital World ◽

Technological Advances ◽

Block Chaining

Technological advances and correspondingly the spreading usage of the Internet have significantly changed commerce, and also the concept of money has become more abstract. Customers with the help of the technological advances don't have the necessity of cash money, and consumers/firms tend towards alternative payment methods. At this point, electronic commerce (e-commerce) web sites have started to use block chaining payment methods. In this digital world, new payment technologies have started to spread far and wide thanks to fast improvements in payment technologies, and they offer different options in payment methods. Each electronic payment (e-payment) system has some advantages; however, each of them has some disadvantages as well. The aim of this study is to investigate the e-payment systems which are different from traditional payment methods.

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Agents and Payment Systems in E-Commerce

Encyclopedia of Information Science and Technology, First Edition ◽

10.4018/978-1-59140-553-5.ch018 ◽

2005 ◽

pp. 93-97

Author(s):

Sheng-Uei Guan

Keyword(s):

Electronic Commerce ◽

Transaction Costs ◽

Business Models ◽

New Technologies ◽

Mobile Internet ◽

The Internet ◽

Open Market ◽

Payment Systems ◽

Monetary Value

An emerging outcome of the popularization of the Internet are electronic commerce and payment systems, which present great opportunities for businesses, reduce transaction costs, and provide faster transaction times. More research has been conducted with new technologies like mobile Internet used by business models (Baek & Hong, 2003). However, before using the Internet, it is essential to provide security in transferring monetary value over the Internet. A number of protocols have been proposed for these secure payment systems, including NetBill, NetCheque, Open Market, iKP, Millicent, SET (Sherift, 1998), E-Cash (Brands, 1995), NetCash, CAFÉ (Mjolsnes, 1997), EMV cards (Khu-Smith & Mitchell, 2002), etc. These systems are designed to meet diverse requirements, each with particular attributes.

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Electronic Commerce and the Banking Industry: The Requirement and Opportunities for New Payment Systems Using the Internet

Journal of Computer-Mediated Communication ◽

10.1111/j.1083-6101.1995.tb00171.x ◽

2006 ◽

Vol 1 (3) ◽

pp. 0-0 ◽

Cited By ~ 13

Author(s):

Andreas Crede

Keyword(s):

Electronic Commerce ◽

Banking Industry ◽

The Internet ◽

Payment Systems

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Current issues over electronic commerce in Brazil: vertical integration between platforms and payment systems, personal data protection and international regulatory cooperation

Unio - EU Law Journal ◽

10.21814/unio.4.2.7 ◽

2018 ◽

Vol 4 (2) ◽

pp. 61-76

Author(s):

Alexandre Veronese ◽

Marcelo Cunha

Keyword(s):

Electronic Commerce ◽

Vertical Integration ◽

Data Protection ◽

Personal Information ◽

Personal Data ◽

Payment Systems ◽

Trade Relations ◽

Personal Data Protection ◽

Legal Provisions ◽

Regulatory Cooperation

This article focuses on the trending issues about vertical integration between payment systems and the electronic commerce platforms from a Brazilian perspective. It describes the increasing international electronic commerce and it indicates three kinds of potential risks to consumers: direct, indirect and social. It shows that vertical integration can bring some benefits, which are very difficult to measure due to the related risks. The article creates a model of the remote commerce based on an evolution of a typology of typical trade relations to shed some light over the current automatization. Afterwards, the article states that the leakage of personal information coupled with vertical integration is a major threat to electronic businesses. It describes two international cases of mass data leakage to demonstrate the difficulties faced by the national systems in regulating transnational electronic commerce and data protection. Then, the article performs an assessment of the Brazilian legal system to conclude that there is a grave lack of integration of the electronic commerce regulations and that there is an absence of international cooperation provisions designed for electronic commerce. It concludes that Brazilian law may benefit from international experiences of personal data protection, and that the new legal provisions must take in account the risks associated with internationalization and vertical integration.

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