Mudra: An Electronic Payment Scheme for Networks (original) (raw)
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A practical electronic payment scheme
2009 9th International Symposium on Communications and Information Technology, 2009
In this paper, by converse using blind signature, we propose a practical electronic payment scheme for electronic commerce. This scheme is different from the existing schemes used widely in the internet at present and it does not need the strong trust between customer and merchant. In this scheme, a semi-trusted third party (S-TTP) is introduced to provide a fair commerce environment. The S-TTP takes part in the protocol on-line and is not leaked any secure information about the business. Moreover, the users do not need to register to S-TTP. An advantage of the scheme is that this approach does not require the intervention of the third party in case of dispute, if one user cheats or simply crashes.
2004
In this paper, we present an Internet transaction management system for sender/receiver payment schemes. This system allows an arbitrary split of transaction charges between two communication partners. Using this kind of system, new business models can be implemented on the Internet. The new system provides more flexibility than existing charging schemes. Under these new business models, service providers can pick up a share of the cost for the transaction with any of their customers; offer collect-call type of services; or provide services as the 900 services on the telephone network. This paper describes in detail the transaction management protocol (TMP), its implementation, and the transaction management service platform (TMS). The TMP specifies the protocol state diagram as well as the process of how the costs for resource usage can be allocated to communicating end-users. The TMS platform defines the architecture and the modules, simplifying the implementation of the TMP on the Internet. The TMS provides a module-based transaction management environment, carrying transaction signals such as message schema, accounting policy information, communication reference information, and end-user agreement information. In addition to this, an application of the TMS in the framework of bandwidth broker interconnection networks and a short evaluation of the proposed transaction management system are given.
International Journal of Computer Applications, 2012
The present e-payment schemes permit anonymity property to protect customer privacy. However, the majority of these schemes have not offered a non-denial property. For example, several difficulties subsist in the schemes such as repudiation, loss, abuse, theft, and overspend-tracing. This article suggests an e-payment scheme wherein a temporary anonymous public key is embedded in a partial blind signature protocol to give a non-denial protection challenging the above mentioned attacks. This paper also shows that the combination of both a partial blind digital signature scheme and anonymous digital signature scheme will build a new e-payment scheme that will be stronger and safer than before.
IJERT-A Payment Scheme with Security, Report Submission and Low Processing Overhead
International Journal of Engineering Research and Technology (IJERT), 2014
https://www.ijert.org/a-payment-scheme-with-security-report-submission-and-low-processing-overhead https://www.ijert.org/research/a-payment-scheme-with-security-report-submission-and-low-processing-overhead-IJERTV3IS042401.pdf In Multihop Wireless Networks (MWNs), the traffic originated from a node is usually relayed through the other nodes to the destination for enhancing the network performance .Thus an efficient payment scheme is inevitable for node cooperation. Payment schemes use credits to motivate the nodes. Thus the nodes cooperate in relaying others' packets by making cooperation. A Report-Based Payment Scheme for multihop wireless networks is proposed for enabling node cooperation, regulating packet transmission, and enforcing fairness. Instead of Receipts the nodes submit lightweight payment reports to the Accounting Center (AC). And the AC temporarily stores security tokens called Evidences. By investigating the consistency of the reports, AC verifies the payment. Thus the cheating nodes are identified and those nodes are evicted. This Payment Scheme does not request all the nodes to submit the evidences, instead it requests only the cheating nodes to submit the evidences. Thus the entire communication and processing overhead is reduced. On detection of cheating nodes, an alternative path for data transmission is identified. Report Based Payment Scheme can also secure the payment.
EMERGENCE OF PAYMENT SYSTEMS IN THE AGE OF ELECTRONIC COMMERCE: THE STATE OF ART
The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. Recognizing this, virtually all interested parties are exploring various types of electronic payment system and issues surrounding electronic payment system and digital currency. Broadly electronic payment systems can be classified into four categories: Online Credit Card Payment System, Online Electronic Cash System, Electronic Cheque System and Smart Cards based Electronic Payment System. Each payment system has its advantages and disadvantages for the customers and merchants. These payment systems have numbers of requirements: e.g. security, acceptability, convenience, cost, anonymity, control, and traceability. Therefore, instead of focusing on the technological specifications of various electronic payment systems, the researcher have distinguished electronic payment systems based on what is being transmitted over the network; and analyze the difference of each electronic payment system by evaluating their requirements, characteristics and assess the applicability of each system.
A novel peer-to-peer payment protocol
The IEEE Region 8 EUROCON 2003. Computer as a Tool., 2003
In this paper a novel electronic payment protocol suitable for "peer-to-peer" (P2P) networks is presented. It implements electronic cash-based transactions, between buyers and merchants. It is based on a bank account, though it can be easily extended and can be readily applied to other account payment models like debit cards. The proposed protocol is designed using Millicent's main concept (scrip) and the digital envelope cryptography technique. In this protocol, financial institutions become partners in the ecommerce transaction, conducted by their customers over the Internet. The innovation of the proposed protocol is the reduction of the involvement of the financial institutions to ancillary support services like helping on establishing trust between the parties and at the completion of the peer-to-peer payment transaction. Moreover, the proposed system can be characterized as distributed allocation of provinces to merchants, who are responsible for locally authorizing payments. Finally, it is optimized for repeated payments to the same merchants.
A new payment protocol over the Internet
2010 Fifth International Conference on Risks and Security of Internet and Systems (CRiSIS), 2010
We propose in this paper to reuse the existing payment infrastructure to introduce a proof of transaction genuineness computed by a smart card chip. The idea is to divide the amount of the transaction into several sub-amounts, which added together give the total amount. The sub-amounts are function of a secret shared with the bank, which can verify that the split is correct, thus proving that the transaction is authentic. We provide here a description of the algorithm and its implementation in a .NET card.
Eprint Arxiv Cs 0605063, 2006
With the rapid growth of Information and Communication Technology, Electronic commerce is now acting as a new means of carrying out business transactions through electronic means such as Internet environment. To avoid the complexities associated with the digital cash and electronic cash, consumers and vendors are looking for credit card payments on the Internet as one possible time-tested alternative. This gave rise of the on-line payment processing using a third-party verification; which is not suitable for the developing countries in most of the cases because of the excessive costs associated with it for maintenance and establishment of an online third-party processor. As a remedy of this problem, in this paper, we have proposed a framework for easy security incorporation in credit card based electronic payment system without the use of an on-line third-party processor; which tends to be low cost and effective for the developing countries.
Electronic payment system: A complete guide
Journal of Multidisciplinary Sciences (e-ISSN: 2671-5449), 2019
In contrast to the previous century when the concept of electronic transfer was proposed, nowadays, electronic payments are drastically increased due to the rapid increase in online shopping or Internet-based banking. Electronic payments became the first option for transferring money to/from payer/payee in the twenty-first century. Visa cards, master-card, smart cards, debit cards, credit cards, e-check, and e-wallet, are the options for e-payments. Behind the acceptance of the new payment system depend upon the three factors- cost, time, and security per transaction take the place of each other. This paper will highlight the background study, types of electronic payment systems available, and which payment method users should choose considering the cost, time, and security factors. This research will also identify the issues and challenges of e-payments and suggest solutions to improve performance and quality in developing countries. This review paper aims to introduce the reader to electronic payment and update the reader with the current state of the art in the electronic payment system and provide an overview of past efforts and future trends of electronic payment transfer. Cite this as: Ahmed, A., Aziz, A., Muneeb, M. (2019). Electronic payment system: A complete guide. J. Multidiscip. Sci.1 (2), 1-17.