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Accelerating growth of E-commerce market in the past few years.
Member rating: No Rating | Words: | Submitted: Fri Sep 13 2002
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Case Analysis On Virtual Payment System Submitted to Mr. Bill Arsers, Instructor of Data Communications and Networks City University Bellevue, WA By Carlene (Hung Yin) Liu, Computer Science Student September 13, 2002 Introduction: Due to the accelerating growth of E-commerce market in the past few years, the growing interest in electronic payment to replace traditional payment method have exploded in the recent years. Many electronic payment models have been proposed by researchers from world wide, with many fails to succeed in getting popular support. Nevertheless, several models remains to be dominating the virtual payment world: 1. Electronic Cash (e-cash) 2. Secure Credit Card 3. Electronic check (e-check) 4. Smart-card base This paper will explore these payment systems base on the following established criteria. Security: * Authenticity: To verify the claimed identity of all party in the transaction to avoid unauthorized transaction or false information. * Privacy: To protect the anonymity of the purchaser in a transaction. * Integrity: To prevent tampering with any data in the transaction...
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