TITLE

A New Payment Protocol Based on A Virtual Account for The Fourth- Party E-commerce

AUTHOR(S)
Yong Xu; Haiwen Chen; Rui Zing; Tinting Yan
PUB. DATE
January 2013
SOURCE
International Journal of Digital Content Technology & its Applic;Jan2013, Vol. 7 Issue 1, p336
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper at first points out that the existing payment system can't meet the needs of e - commerce, then puts forward the payment platform of fourth-party e-commerce. The platform achieves the integration of payment resources, which aims to provide unified authentication, unified payment, unified supervision and other issues. Therefore, a virtual account is established in order to achieve the objectives and functions of the platform. Then this paper mainly focuses on the design of a unified payment protocol and describes how the protocol achieves the above requirements by sending messages and responses. Compared with the traditional electronic payment, the unified payment protocol for fourth-party e-commerce has a higher level of efficiency, safety and fairness.
ACCESSION #
98865197

 

Related Articles

  • E-payments in emerging markets. Rau, Amrish // Journal of Payments Strategy & Systems;Winter2013/2014, Vol. 7 Issue 4, p337 

    With emerging markets around the world migrating from cash to electronic payments, the opportunity is ripe for banks, merchants and service providers to develop strategies for entering these markets. Purchasing power is growing, online spending is accelerating, consumers are increasingly using...

  • DEVELOPMENT OF THE PAYMENT INSTRUMENTS IN THE MONETARY MARKET OF UKRAINE. Yasinska, Nadiya; Shira, Nataliya // Technology Audit & Production Reserves;2014, Vol. 2 Issue 2(16), p15 

    The theoretical and practical analysis of development of payment tools of the monetary and credit market in Ukraine is presented in article, which allowed to reveal the main problems of state regulation of payment systems. The article presents the description of the main forms of payment tools...

  • Mobile wallets and current accounts: Friends or foes? Bott, Jürgen; Milkau, Udo // Journal of Payments Strategy & Systems;Autumn2014, Vol. 8 Issue 3, p289 

    A recent study by Commonwealth Bank of Australia predicts a tipping point for the future use of mobile wallets, saying that smartphones will replace physical wallets by 2021 and that one in two people questioned expect that the majority of payments will be made via a mobile wallet in the future....

  • SECURITATEA DATELOR. ŞTEFAN, Ileana // Studia Universitatis Petru Maior, Series Oeconomica;2012, Vol. 6, p119 

    Training specialists in the field of data security and security administrators for the information systems represents a significant priority demanded by both governmental environments and the central and local administrations, as well as by the private sector -- companies, banks. They are...

  • Study on Electronic Commerce Credit Scoring Model Based on the Dynamic Adjustment of Multi-factors. Xiao Qiang; Liao Hui // International Journal of Hybrid Information Technology;Nov2013, Vol. 6 Issue 6, p41 

    With the development of electronic commerce, the credit problem has become a bottleneck for the development of E-commerce, through analysis of E-commerce credit evaluation factors, using the factor analysis and dynamic adjustment mode, construction of electronic commerce credit evaluation model....

  • Mobile money: The impact of smartphones on the international remittance market. Bettman, Jordan; Harris, Matt // Journal of Payments Strategy & Systems;Autumn2014, Vol. 8 Issue 3, p264 

    Historically; global remittances have been slow, inefficient and expensive for consumers; and yet remittances are vital for so many around the world. Digital disruption has started to move the industry forward, but the opportunity that mobile devices have to drive revolutionary change in the...

  • Trust in E-Cheque in Electronic Payments. Yahid, Behzad; Nobakht, Mohammad-Bagher; Shahbahrami, Asadollah // New Marketing Research Journal;2014 Specialissue, p19 

    Today, e-commerce has considerable portion in commercial businesses, and it has been developing. One of the most important steps in e-commerce is e-payment that has been done through different tools such as e-banking, and e-cheques. In this type of electronic transactions, there are always...

  • Mobile Financial Services -- Important Prerequisite for the Mobile Business. Kraeva, Violeta; Emilova, Petya // Proceedings of the International Conference on Application of In;2013, p437 

    Mobile financial services have great potential for the development of mobile business and becoming more widespread and popular. They are the key to success in today's mobile world. The report analyzes the types of mobile financial services and their advantages as innovative banking services....

  • MobiPag: Integrated Mobile Payment, Ticketing and Couponing Solution Based on NFC. Rodrigues, Helena; José, Rui; Coelho, André; Melro, Ana; Campos Ferreira, Marta; Falcão e. Cunha, João; Pimenta Monteiro, Miguel; Ribeiro, Carlos // Sensors (14248220);Aug2014, Vol. 14 Issue 8, p13389 

    Mobile payments still remain essentially an emerging technology, seeking to fill the gap between the envisioned potential and widespread usage. In this paper, we present an integrated mobile service solution based on the near field communication (NFC) protocol that was developed under a research...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics