E-payments: Problems and Prospects

Raja, J.; velmurgan, M. Senthil
April 2008
Journal of Internet Banking & Commerce;Apr2008, Vol. 13 Issue 1, p1
Academic Journal
The success of electronic commerce depends upon effective electronic payment systems. The Internet and on-line businesses are growing exponentially. Due to this explosive growth, electronic commerce on the Internet uses various electronic payment mechanisms that can cater for much diversity of applications. This paper discusses the evolution and the growth of electronic technologies, which can provide more advanced technical supports for electronic payment systems. The focus of this paper is to identify and explain the different methods of e-payment the authors analyses the challenges of electronic payments from different perspective and provide preliminary security countermeasures for each of the issues. Finally a number of solutions have been proposed based on the problem and discussed on the prospect of electronic payment system


Related Articles

  • Banking on e-payments.  // eWeek;10/25/2004, Vol. 21 Issue 43, p37 

    This article discusses the role of electronic-payment systems in future banking. When money is involved, the minimum standard of service is high, but events of the past few weeks demonstrate that the robustness of electronic payment networks, and the certainty of punishment for those who attack...

  • Closed Circle lnternet E-Payment System Schema. Khanfar, Khalid; Shaikh, Asim El; Alazzah, Ismail; Alqousini, Alia' Aldeen // International Review on Computers & Software;May2009, Vol. 4 Issue 3, p414 

    Electronic Business greatly needs new payment systems that will support its further development. This Paper discusses the existing e-payment systems and their strength, weakness, and discusses the characteristics of a successful e-payment system. Then it proposes an E-payment system schema that...

  • A Modularized Electronic Payment System for Agent-based E-commerce. Sheng-Uei Guan; Sin Lip Tan; Feng Hua // Journal of Research & Practice in Information Technology;May2004, Vol. 36 Issue 2, p67 

    With the explosive growth of the Internet, electronic-commerce (e-commerce) is an increasingly important segment of commercial activities on the web. The Secure Agent Fabrication, Evolution and Roaming (SAFER) architecture was proposed to further facilitate e-commerce using agent technology. In...

  • The perils (and pluses) of paying online. Fraser, Jill Andresky // Good Housekeeping;Apr2004, Vol. 238 Issue 4, p54 

    Presents tips for safe online payment transactions. Choice of online merchants; Importance of conducting research on unfamiliar Web sites; Instant payments.

  • Commerce is slow to hit the 'Net. Marx, Wendy // Advertising Age;11/20/1995, Vol. 66 Issue 47, pS-6 

    The article focuses on efforts of companies to adopt various online-based payment schemes to ensure the booming of electronic commerce. Payment service providers have criticized and complained against the efforts as it would affect their operations. Progress is quick in implementing electronic...

  • Transfers Expand CUs' Electronic Options. Dernovske, Darla // Credit Union Executive Newsletter;9/20/2004, Vol. 30 Issue 16, p6 

    Gives advice on how credit unions could expand their online payment options through person-to-person (P2P) and account-to-account (A2) transfers. Popularity of online P2P options; Need for credit unions to look for a solution that integrates A2A and P2P functions with their online banking services.

  • EBPP Growing Steadily.  // Credit Union Executive Newsletter;6/25/2007, Vol. 33 Issue 11, p4 

    The article examines the result of the 2007 Consumer Bill Payment Survey related to the growing use of electronic bill payment and presentment (EBPP) by consumers. The result shows that most bill payments are done online and customers tend to switch to other financial institutions that enable...

  • No Credit Card? No Problem. Lopresti, Michael // EContent;Sep2007, Vol. 30 Issue 7, p9 

    The article presents information on the Bill2Phone online payment solution developed by BSG Clearing Solutions. Bill2Phone is a real-time payment solution that offers online merchants, content aggregators, and electronic wallet (e-wallet) providers the ability to process payments through a...

  • Payment Systems in the B2c eCommerce: Are They a Barrier for the Online Customer? Mangiaracina, Riccardo; Perego, Alessandro // Journal of Internet Banking & Commerce;Dec2009, Vol. 14 Issue 3, Special Section p1 

    The B2c eCommerce is still far from realizing its full potential, despite its considerable growth in all the most important markets (USA, UK, France, Germany, Italy, etc.) in the last ten years. Several hurdles have to be overcome by both the customers and the merchants. One of the most cited is...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics