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Digital payment systems for Internet commerce: The state of the art

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Abstract

This paper presents a comprehensive survey of digital payment systems for Internet-based electronic commerce. A new taxonomy and classification covering most, if not all, Internet payment methods, schemes and protocols is introduced. A set of evaluation and analysis criteria, both internal and external to a particular system, is used to analyze system representatives of each class. Principal characteristics are synthesized in a comparative table. Different approaches for future developments are proposed, including a new digital envelope transport protocol named TRANZIX, used in the context of generic “transport and transfer of value”. A comprehensive electronic resource list is also included.

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Authors and Affiliations

  1. Laboratoire SCRIBENS, École Polytechnique de Montréal, C.P. 6079, Succursale Centre-ville, Montréal, QC, Canada, H3C 3A7

    Octavian Ureche & Réjean Plamondon

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  1. Octavian Ureche
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  2. Réjean Plamondon
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Ureche, O., Plamondon, R. Digital payment systems for Internet commerce: The state of the art. World Wide Web 3, 1–11 (2000). https://doi.org/10.1023/A:1019217210183

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  • DOI: https://doi.org/10.1023/A:1019217210183

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