Electronic Payment Systems

Copyright [©] (1997) by IEEE. Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distrubuted for profit. To copy otherwise, to republish, to post on servers, or to redistribute to lists, requires prior specific permission and/or a fee.

As business is moving from face-to-face trading, mail order, and telephone order to electronic commerce over open networks such as the Internet, crucial security issues are being raised. Whereas Electronic Funds Transfer over financial networks is reasonably secure, securing payments over open networks connecting commercial servers and consumer workstations poses challenges of a new dimension. This article reviews the state of the art in payment technologies, and sketches emerging developments.

By: N. Asokan, P. Janson, M. Steiner and M. Waidner

Published in: Computer, volume 30, (no 9), pages 28-35 in 1997

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