Grey–Lotka–Volterra model for the competition and cooperation between third-party online payment systems and online banking in China

2020 ◽  
Vol 95 ◽  
pp. 106501 ◽  
Author(s):  
Shuhua Mao ◽  
Min Zhu ◽  
Xianpeng Wang ◽  
Xinping Xiao
2020 ◽  
Vol 32 ◽  
pp. 03007
Author(s):  
Karthikeya Thanapal ◽  
Dhiraj Mehta ◽  
Karthik Mudaliar ◽  
Bushra Shaikh

Increasing list of records is with blockchain where each record is linked with the help of cryptography. Every block in the chain contains timestamp, transaction details and hash of a previous block, hash is cryptographic hash. This is a secured system, which we plan to replace the current online payment system. A current online payment gateway is prone to hackers where the attacker can tamper into the network, thus creating money loss. And not only this but also the transaction has to go through multiple payment systems which consumes time, also creating a risk of transaction getting failed. So, our system would be using blockchain that allows online transactions which would allow online payments to be sent directly from one party to another without going through a financial institution and in a secured way. This system allows online transactions between two parties based on cryptographic proof without relying and trusting for a third party. To record transactions, we use proof of work algorithm which makes computationally impractical for an attacker to change. Digital signatures provide part of the solution for ensuring the security and integrity of the data that is recorded onto a blockchain.


Author(s):  
A P Thangamuthu

Over the past few decades, Internet technology has shaped almost everybody’s life. Business banks set up internet workstations and provide customer information requirements, internet payment fund diversion financial services, credit, investment, etc. An online payment system is a means for conducting economic transactions based on the Internet. This allows a seller to accept payments over the web or other internet connections, such as direct network connections between retail stores and their suppliers- a common way of keeping inventories just in time. Online payment systems are greatly expanding a company’s scope and selling potential. Usually, online payment services are operated by third-party firms like PayPal, Google, or Click2Pay. Such companies make a profit by taking a small portion of each transaction, or by signing contracts with institutions that require a large number of transactions. Without the ability to make online payments, a large Internet retailer, like Amazon.com, could not exist. Online payment systems have expanded the playing field between big and small companies, as each of them can adopt the same payment methods when they sign up with third-party payment processors.


2012 ◽  
Vol 8 (4) ◽  
pp. 117 ◽  
Author(s):  
Luca Mainetti ◽  
Luigi Patrono ◽  
Roberto Vergallo

The evolution of modern mobile devices towards novel Radio Frequency (RF) capabilities, such as Near Field Communication, leads to a potential for delivering innovative mobile services, which is still partially unexplored. Mobile proximity payment systems are going to enhance the daily shopping experience, but the access to payment security resources of a mobile device (e.g. the “Secure Element”) by third party applications is still blocked by smartphone and Operating System manufacturers. In this paper, the IDA-Pay system is presented, an innovative and secure NFC micro-payment system based on Peer-to-Peer NFC operating mode for Android mobile phones. It allows to deliver mobile-to-POS micro-payment services, bypassing the need for special hardware. A validation scenario and a system evaluation are also reported to demonstrate the system effectiveness and performance.


2015 ◽  
Vol 1 (1) ◽  
pp. 26-33
Author(s):  
Grifito yuan Maulidina

The development of online payment systems such as the online payment point system has greatly assisted the public in processing monthly transactions such as water bills. However, in its application, this system still uses large devices such as computers and inkjet printers so that the operation takes a long time and is less efficient. Therefore, in this study, a mobile application is designed to replace the role of computers in making water bill payment transactions in the online payment point system (SOPP) of PDAM Malang Regency. The application that is connected to a database server via the internet is also integrated with a compact wireless thermal printer that can be carried anywhere and does not require ink refills so that it can speed up the transaction process and be more efficient in time, paper and space. The research method used was experimental and survey methods. The experimental method is used to test the running of the application, test the application's compatibility with the device and measure the time it takes for the application to exchange data. The survey method is used to test user satisfaction with the application.


2020 ◽  
Vol 8 (1) ◽  
pp. 21-30
Author(s):  
Aslam Hasan ◽  
Mohammed Atif Aman ◽  
Mohd Ashraf Ali

In an attempt to curb-out black money, money laundering, and to have a sound economy, the central government of India has embarked on the cashless economy. It is the birth of a new era in the nation with life with digital money. This paper is going to conceptualize the meaning of a cashless system, explains online banking techniques in India, schemes by government to spread the cashless system in India and highlights the challenges of the cashless economy and electronic payment systems. The objective of this study is to examine the significant challenges that are faced by Indians on the way towards cashless. To achieve the objectives of this exploratory type of personal study, interviews will be conducted.


Online transaction payment for the purpose of introducing web-based electronic money as an alternative way of online transaction payment, the main areas that cover in this chapter include research of current payment system, limitation of current payment, what are e-money and the current state of electronic money. It will discuss the proposed web-based electronic money as an alternative for online payment and the benefit of web-based e-money. Online payment transaction is a form of a financial exchange that takes place between the buyer and seller facilitated by means of electronic communications for conducting e-commerce and online purchasing. This chapter includes research of current payment system, limitation of current payment, what are e-money and the current state of electronic money.


Author(s):  
Narinder Kumar Bhasin ◽  
Anupama Rajesh

The objective of massive adaptation of digital payments by the banks with the support of the central bank of any country along with their government agencies is to improve customer services and satisfaction in the online payment systems in place of cashless and paperless payment systems. There are very few researches that have focused to measure the higher customer satisfaction based on factors like trust, risk-free, secure, transparent, accountability of banks, fintech, regulator, and payment system operators. This chapter analyzes the impact of digital banking and fintech in the Indian banking system, initiatives taken by RBI, NPCI, and the government to build the strong trust of customers in online payment systems to ensure improvement in customer services with higher customer satisfaction.


2019 ◽  
pp. 438-452
Author(s):  
Andrew Murray

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.


2014 ◽  
Vol 40 (1) ◽  
pp. 85-112 ◽  
Author(s):  
Joanna Shepherd

Prescription painkiller abuse is the fastest growing drug problem in the United States. In the past year, approximately one out of twenty Americans reported misuse or abuse of prescription painkillers. Several factors contribute to the prescription painkiller epidemic. Drug abusers use various methods—such as doctor shopping, paying with cash, and filling prescriptions in different states—to avoid detection and obtain prescription painkillers for illegitimate uses. A few rogue physicians and pharmacists, lured by substantial profits, enable drug abusers by illegally prescribing or supplying controlled substances. Even ethical physicians rarely have adequate training to recognize and address prescription drug abuse, and as a result, prescribe painkillers to patients who are not using them for legitimate medical purposes. Similarly, although the majority of pharmacies have taken steps to combat drug abuse and reduce prescription painkiller dispensing, under current reporting systems, pharmacists lack visibility into several important indicators of drug abuse. As a result, even the most vigilant pharmacists find it extremely difficult to identify and detect drug abuse with certainty.While state governments have established prescription drug monitoring programs (PDMPs) to crack down on prescription drug abuse, these programs have proven to be inadequate. The programs currently suffer from inadequate data collection, ineffective utilization of data, insufficient interstate data sharing, and constraints on sharing data with law enforcement and state agencies. By contrast, third-party prescription payment systems run by pharmacy benefit managers (PBMs) or health insurers have been effective in detecting prescription drug abuse. This paper suggests that a national prescription drug reporting program building on existing PBM networks could be significantly more effective than existing state PDMPs in detecting prescription drug abuse.


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