Electronic Payment System Design Based on SET and TTP

Author

Yong, Xu ; Jindi, Liu

Author_Institution

Coll. of Econ. & Commerce, South China Univ. of Technol., Guangzhou, China

fYear

2010

fDate

7-9 May 2010

Firstpage

275

Lastpage

278

Abstract

This paper puts forward a new electronic payment improved scheme, which combines SET and TTP. The scheme aims to design a safer and reliabler electronic payment system. Through the comparative analysis method, this paper analyzes the disadvantages of the SSL and SET payment protocol, and the existing problems of the third-party payment(TTP) platform, and use the method of capital trusteeship with guarantee of insurance to solve precipitation risk problems. The new electronic payment system can effectively guarantee the safety of transaction, can further promote electronic payment and the development of e-commerce.

Keywords

electronic money; protocols; security of data; transaction processing; SET payment protocol; SSL payment protocol; TTP platform; capital trusteeship; comparative analysis method; e-commerce; electronic payment improved scheme; electronic payment system design; insurance; precipitation risk problems; third-party payment platform; transaction safety; Authentication; Business; Consumer electronics; Logic gates; Protocols; Safety; Capital trusteeship guarantee of insurance; SET; TTP; electronic payment system;

fLanguage

English

Publisher

ieee

Conference_Titel

E-Business and E-Government (ICEE), 2010 International Conference on

Conference_Location

Guangzhou

Print_ISBN

978-0-7695-3997-3

Type

conf

DOI

10.1109/ICEE.2010.77

Filename

5590819