NetPay: An off-line, decentralized micro-payment system for thin-client applications

  • Authors:
  • Xiaoling Dai;John Grundy

  • Affiliations:
  • Department of Mathematics and Computing Science, The University of the South Pacific, Laucala Campus, P.O. Box 1168, Suva, Fiji;Department of Computer Science, University of Auckland, Private Bag 92019, Auckland, New Zealand and Department of Electrical and Electronic Engineering, University of Auckland, Private Bag 92019, ...

  • Venue:
  • Electronic Commerce Research and Applications
  • Year:
  • 2007

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Abstract

Micro-payment systems have become popular in recent times as the desire to support low-value, high-volume transactions of text, music, clip-art, video and other media has increased. We describe NetPay, a micro-payment system characterized by de-centralized, off-line processing, customer anonymity and relatively high performance and security using one-way hashing functions for encryption. We describe the motivation for NetPay and its basic protocol, describe a software architecture and two NetPay prototypes we have developed, and report the results of several evaluations of these prototypes.