An Agent-Based Micropayment System for E-Commerce

  • Authors:
  • T. O. Lee;Y. L. Yip;C. M. Tsang;K. W. Ng

  • Affiliations:
  • -;-;-;-

  • Venue:
  • E-Commerce Agents, Marketplace Solutions, Security Issues, and Supply and Demand
  • Year:
  • 2001

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Abstract

Recently, electronic commerce has become the focus of Information Technology development. Many electronic payment protocols and systems have been launched onto the Internet, but most of them induce complex cryptography and authentication mechanisms that incur relatively high processing costs and are therefore not feasible for micropayment transactions. For this reason, the mobile agent semantic is integrated to cope with the concerned difficulty. An agent-based transaction model is developed for processing micropayment transactions in a distributed environment and the corresponding system is built upon an OMG MASIF compliant agent platform. The novel agent-based transaction protocols are blends of the existing SET card payment and MilliCent micropayment protocols coupled with mobile agent characteristics respectively. As mobile agents can migrate to the desired communication peer and utilize the advantage of local interactions, goals like reduction of network traffic and simplification of communication protocol are readily attainable through such agent-based transaction protocols.