Payment frameworks for the purchase of electronic products and services
Computer Standards & Interfaces
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E-Payment is the corner stone of an e-commerce system. With respect to different payment requirements, different e-payment techniques and methods are developed with specific application purposes. E-payment technology involves digitized cash, e-wallet, electronic credit/debit card, payment transactions, and payment settlement between various parties such as banks, ISPs, and customers involved in a transaction. However, in the B2C e-commerce, e-payment has not reached a massive market yet. There are many reasons behind this. One of the reasons is lack of multiple channels for payment. Another reason is the difficulty of enlarging micro-payment market. Both strongly hinder a wider acceptance of e-payment. In this paper, we present an investigation on multiple e-payment and micro-payment from the point of view of technical and market.