Electronic Payment Systems

                    Donal O’Mahony, Michael Peirce, Hitesh Tewari; 1997
                    ISBN: 0-89006-925-5
                    254 pp.

                    As the Internet continues to transform commerce as we know it, method of payment is one component
                    that’s critical to successfully conducting business across a network. Electronic Payment Systems offers
                    the first comprehensive, up-to-date survey of the major electronic payment schemes currently available
                    -- from a technical user perspective.

                    Requiring only a basic familiarity with computing and networking, the book covers numerous Internet
                    payment systems, including E-cash, SET (secure electronic transactions), FSTC electronic check
                    project, and Millicent. It also identifies the properties unique to the various payment schemes, provides
                    a working knowledge of the necessary cryptography, and explains the protocols involved. In eight
                    concisely written chapters, you acquire the background you need to fully understand how each payment
                    system works.

                    If you deal with payment systems and financial software on a daily basis, this book does the homework
                    for you. It saves you time by gathering and presenting timely information on today’s most influential
                    Internet payment systems -- and helps you understand the key criteria for evaluating and selecting a
                    system that’s efficient, effective, and secure.

                    This new book is a valuable resource for technical professionals in banking/financial services, the
                    software industry, and sales organizations, as well as for users of Electronic Commerce systems. It
                    addresses a wide range of needs by providing timely details that help you determine the state of the
                    market, keep apprised of new developments, adopt the most appropriate systems, develop software,
                    and sell goods across the Internet.
 
 

                    Contents:

                    1. Motivation for electronic payment

                    2. Characteristics of current payment systems: Cash payments. Payment through banks. Using
                    payment cards. Consumer preferences in payment systems. Regulatory framework.

                    3. Cryptographic techniques: Encryption and decryption. Symmetric encryption. Message digesting
                    or hashing. Kerberos. Asymmetric or public-key encryption. Digital signatures and enveloping. RSA.
                    Public-key management. Transport of security information. Dual signatures. Nonces. Blind signatures.
                    Chip cards/smart cards.

                    4. Credit card-based systems: Mail order/telephone order (MOTO) transactions. Unsecured network
                    payments. First Virtual. Collect all relevant information (CARI). The secure socket layer (SSL).
                    CyberCash. i-Key protocol (iKP). Secure electronic payment protocol (SEPP). Secure Electronic
                    Transactions (SET).

                    5. Electronic checks: FSTC electronic check project. NetBill. NetCheque.

                    6. Electronic cash payment systems: Ecash (DigiCash). Project CAFE. NetCash. CyberCoin.
                    Mondex. EMV cash cards.

                    7. Micropayment systems: Millicent. SubScrip. PayWord. iKP micropayment protocol. MicroMint.
                    Micropayments summary and analysis.

                    8. Payment systems -- Prospects for the future