Security analysis of micro-payment systems

Doina Fusaru () and Mariuta Serban ()
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Doina Fusaru: Universitatea Spiru Haret
Mariuta Serban: Universitatea Spiru Haret

No 2009/114, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: The buying and selling of products or services over electronic systems such as the Internet and other computer networks is known as electronic commerce. In order to reduce the costs of electronic transactions when one exchanges cheaper goods and services, specific payment protocols must be used. These protocols are actually the foundation for electronic micro-payments, which implement simplified and cheaper schemes intended for small value transactions. Micro-Payment Systems (MPS) have been developed in the past decade, but for various reasons have not yet penetrated the market. The wide development of the mobile Internet though, is creating an opportunity to change that and already a lot of companies are starting to use such systems for providing services. E-commerce promises better business for small or medium-sized enterprises and sustainable economic development for developing countries. In this article are presented and compared the main characteristics of the most popular micro-payment systems used in both face-to-face and remote commerce.

Paper: http://ccefa.spiruharet.ro/materiale/dder.pdf

Keywords: electronic transactions security; micro-payment; e-commerce; Internet payment services; web-currency (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2009-12-12
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_114

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