Title :
A new scheme of credit based payment for electronic commerce
Author :
Mu, Yi ; Varadharajan, Vijay
Author_Institution :
Sch. of Comput. & IT, Univ. of Western Sydney, Kingswood, NSW, Australia
Abstract :
The paper describes a new credit card system, which presents a promise for us to develop a new method of protecting secret information, such as credit card number, PIN and identification. Our credit cards are anonymous. That is, the identity of a card holder and credit card information are not revealed during a payment process. One important feature of our system lies in the fact that, unlike normal electronic credit based systems such as SET, iKP and NetCard, the involvement of the online financial institution that runs the payment system is reduced to a minimum
Keywords :
Internet; credit transactions; electronic commerce; security of data; PIN; card holder; credit based payment; credit card information; credit card number; credit card system; electronic commerce; electronic credit based systems; identification; online financial institution; payment process; payment system; secret information; Australia; Authentication; Authorization; Consumer electronics; Credit cards; Electronic commerce; Explosives; Information security; Protection; Web and internet services;
Conference_Titel :
Local Computer Networks, 1998. LCN '98. Proceedings., 23rd Annual Conference on
Conference_Location :
Lowell, MA
Print_ISBN :
0-8186-8810-6
DOI :
10.1109/LCN.1998.727668
