Digital payment systems for Internet commerce: The state of the art

  • Authors:
  • Octavian Ureche;Réjean Plamondon

  • Affiliations:
  • Laboratoire SCRIBENS, École Polytechnique de Montréal, C.P. 6079, Succursale Centre-ville, Montréal, QC, Canada H3C 3A7 E-mail: ureche@scribens.polymtl.ca;Laboratoire SCRIBENS, École Polytechnique de Montréal, C.P. 6079, Succursale Centre-ville, Montréal, QC, Canada H3C 3A7 E-mail: ureche@scribens.polymtl.ca

  • Venue:
  • World Wide Web
  • Year:
  • 2000

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Abstract

This paper presents a comprehensive survey of digital payment systems for Internet-based electronic commerce. A new taxonomy and classification covering most, if not all, Internet payment methods, schemes and protocols is introduced. A set of evaluation and analysis criteria, both internal and external to a particular system, is used to analyze system representatives of each class. Principal characteristics are synthesized in a comparative table. Different approaches for future developments are proposed, including a new digital envelope transport protocol named TRANZIX, used in the context of generic “transport and transfer of value”. A comprehensive electronic resource list is also included.