Electronic Payment Systems and Their Security

2018 ◽  
pp. 270-285 ◽  
Author(s):  
Kannan Balasubramanian ◽  
M. Rajakani

Electronic commerce (or e-commerce) can be defined as any transaction involving some exchange of value over a communication network. This broad definition includes: Business-to-business transactions, such as EDI (electronic data interchange); Customer-to-business transactions, such as online shops on the Web; Customer-to-customer transactions, such as transfer of value between electronic wallets; Customers/businesses-to-public administration transactions, such as filing of electronic tax returns. Business-to-business transactions are usually referred to as e-business, customer-to-bank transactions as e-banking, and transactions involving public administration as e-government. A communication network for e-commerce can be a private network (such as an interbank clearing network), an intranet, the Internet, or even a mobile telephone network. In this chapter, the focus is on customer-to-business transactions over the Internet and on the electronic payment systems that provide a secure way to exchange value between customers and businesses.

Author(s):  
Kannan Balasubramanian ◽  
M. Rajakani

Electronic commerce (or e-commerce) can be defined as any transaction involving some exchange of value over a communication network. This broad definition includes: Business-to-business transactions, such as EDI (electronic data interchange); Customer-to-business transactions, such as online shops on the Web; Customer-to-customer transactions, such as transfer of value between electronic wallets; Customers/businesses-to-public administration transactions, such as filing of electronic tax returns. Business-to-business transactions are usually referred to as e-business, customer-to-bank transactions as e-banking, and transactions involving public administration as e-government. A communication network for e-commerce can be a private network (such as an interbank clearing network), an intranet, the Internet, or even a mobile telephone network. In this chapter, the focus is on customer-to-business transactions over the Internet and on the electronic payment systems that provide a secure way to exchange value between customers and businesses.


2010 ◽  
Vol 34-35 ◽  
pp. 1190-1194
Author(s):  
Xu Hao

Recently, the emergence of the Internet, particularly the Web, has led to a growth in the use of e-commerce in business-to-business, business-to-consumer, business-to-public administration, consumer-to-public administration, and user-to-user activities, leading to new business opportunities, as well as to a variety of problems. This paper research presents a brief overview of e-commerce technology and utilizes a survey, based on this overview to garner insights from Information Systems professionals at leading e-commerce firms.


2014 ◽  
Vol 989-994 ◽  
pp. 4802-4805
Author(s):  
Yan Zhang

the dramatically increased flexibility afforded by the Internet in business-to-business transactions also presents steep challenges in merging information coming from so many sources. B2B marketplaces, which function as an intermediate communications layer, reduce the number of mappings needed .


2001 ◽  
Vol 20 (2) ◽  
pp. 139-147
Author(s):  
Kuo Lane Chen ◽  
Huei Lee ◽  
Bradley W. Mayer

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.


Author(s):  
Rana Atabay Kuscu ◽  
Yasemin Cicekcisoy ◽  
Umit Bozoklu

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.


Author(s):  
Henry Aigbedo

Of the many innovations that have impacted humanity during the last millennium, the Internet can be considered by far the most pervasive: It is transforming different facets of human activity, not the least of which are business transactions. One of the fundamental issues that a given firm’s management seeks to address, is how best to utilize input resources to provide customers with goods and services of higher value, thus generating profits and increasing market share. To facilitate activities embodied in this transformation process, a growing number of firms now use the Internet. This chapter analyzes the interrelationship between e-commerce and operations, and assesses the role operations should play to ensure the success of business-to-consumer and business-to-business e-commerce. It also proposes how to address key issues in order to harness the full capability of the Internet for commerce.


2019 ◽  
Vol 16 (11) ◽  
pp. 4826-4838
Author(s):  
Mostafa A. Ali ◽  
Nazimah Hussin ◽  
Ibtihal A. Abed

In this paper, the major aim is to investigate the heightened awareness regarding various electronic payment systems-related concepts in terms of their advantages, problems, and security issues. The payment processing system providers use software as a service (SaaS) model and with this model, they form a single payment channel to numerous payment methods for their clients. Users often give away their personal information such as names, card details, and so on whenever they go online to make any firm of payment. An online payment system is referred to a system that facilitates electronic money exchange. This form of payment typically involves the deployment of the Internet, computer networks, and other digital stored value systems. Collecting any form of payment over the internet implies that the user has accepted an online payment and must have shared some confidential information with the service provider. This paper embarks on a thorough review of all aspects of online/electronic payment with emphasis on the analysis of numerous studies on electronic payment systems. The latest studies have been explored to gain insight on the electronic payments systems.


2001 ◽  
Vol 20 (2) ◽  
pp. 131-138
Author(s):  
Chang-tseh Hsieh

The advent of the Internet commerce has prompted the invention of several payment tools to help facilitate the completion of business transactions over the Internet. Most of these tools still fail to gain sufficient supports from online merchants. This paper reviews some intriguing features of several major online payment instruments, their potential problems, and proposes some practical strategies to reduce the possible frauds association with the use of those instruments on the Net.


2020 ◽  
Vol 2 (1) ◽  
pp. 59-67
Author(s):  
Stefhanie Ancela Lahallo ◽  
Raja Daud Aritonang

Technology has an important role in the progress of doing business. Lately, the Indonesian e-marketplace industry is indeed very developed. They help Indonesian people to shop with just one click at their own home. The e-marketplace is a virtual online market platform where companies can register as buyers and sellers to conduct business to business transactions over the Internet. The use of the Internet has helped remove intermediaries in a transaction. The purpose of this study is to assist copy service owners in conducting conventional business activities to be digital business activities. And make it easier for customers to find a copy service in Parongpong District. This study uses 2 research methods, field surveys and literature studies. Researchers intend that the e-marketplace copy service android-based system will be used by owners of copy services to promote their services and is also expected to be used by consumers to order copy services.


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