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