A fully anonymous electronic payment scheme for B2B

Authors:
Josep Lluís Ferrer-Gomila;Magdalena Payeras-Capellà;Ll. Huguet-Rotger
Affiliations:
Universitat de les Illes Balears, Palma de Mallorca, Spain;Universitat de les Illes Balears, Palma de Mallorca, Spain;Universitat de les Illes Balears, Palma de Mallorca, Spain
Venue:
ICWE'03 Proceedings of the 2003 international conference on Web engineering
Year:
2003

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Abstract

In this paper we present a fully anonymous (for payer and payee) electronic payment scheme for B2B transactions involving high amounts, without using tamper resistant devices, without pseudonyms, and preventing double spending. Schemes with detection of double spending at deposit are not well suited for high amount transactions (merchants and banks don't want to assume potential high losses). Our scheme allows anonymity revocation in case of illegal activities (using prevention techniques).