C h a p t e r   12:
Payment Systems for Electronic Commerce

Chapter Case

• Center for Supercomputing (University of Illinois)
• PayPal

Electronic Payment Systems

• eCash Technologies

Debit Cards, Credit Cards, and Charge Cards

• Visa
• MasterCard
• American Express
• Diner's Club

Payment Acceptance and Processing

• Europay
• InternetSecure

Payment Acceptance and Processing

• First Data
• PCAuthorize
• ICVerify
• WebAuthorize
• iAuthorizer
• Authorize.net
• PayFlow (VeriSign)
• NACHA - The Electronic Payments Association

Electronic Cash

• eCharge
• iPIN
• Internet Cash

The Advantages and Disadvantages of Electronic Cash

• Understanding The Digital Economy
• The Economic and Social Impacts of Electronic Commerce

Electronic Cash Systems

• Check Free
• Yahoo! Bill Pay
• Clickshare
• Clickshare Example Scenario
• eCoin.net
• InternetCash
• PayPal
• Billpoint
• BidPay (Western Union)
• eMoneyMail (Bank One)
• c2it (Citibank)

Electronic Wallets

Microsoft .NET Passport

• Microsoft .NET Passport

W3C Micropayment Standards Development Activity

• W3C Electronic Commerce Interest Group (ECIG)
• Common Markup for Micropayment Per-Fee-Links

The ECML Standard

• ECML

Stored-Value Cards

Smart Cards

• Hong Kong Citybus - Octopus Card
• Metropolitan Transportation Commission
• smart Visa Card
• Blue (American Express)
• Smart Card Alliance
• Mondex

Secure Electronic Transaction (SET) Protocol

• SETCo

Exercises

Exercise 1

• Google
• HotBot
• Northern Light

Exercise 2

• Paypal

Exercise 3

• Microsoft .NET Passport
• Gator
• ECML

Additional Resources

• Brodia
  (An e-wallet offering, provides e-tailers a wallet to give away at purchase completion)
• Credit Card Network
  (A credit card authorization service. Useful for those who already have their Web store up but want to accept credit cards on-line in real-time and uses ICVerify as the payment system)
• CyberSource credit card processing
• Dash
  (E-wallet-like software intended to give consumers real-time shopping advice and convenience features)
• eCharge
  (eCharge Purchasing Account: use your credit card and pay at any eCharge-enabled site)
  
  
• eFunds Corporation
• EntryPoint
  (An electronic wallet and Web surfer companion; merger of PointCast and LaunchPad)
• Epoch Transaction Services
  (Offers secure, real-time billing solutions for membership and product-based Web sites in a secure environment)
• Stamps.com, formerly e-stamp.com
  (Purchase your U.S.postage stamps electronically for a small service fee)
• E*Trade Bank, formerly Telebanc Financial Corp.
  (An Internet-only bank owned by E*Trade)
  
  
• Gator.com
  (An electronic wallet that facilitates filling out Web forms)
• GlobeSet
  (An electronic wallet that is server-based)
• ibill
  (A real-time credit card processing service for one-time or recurring billing. The system is optimized for Web sites selling content and services)
• Net.B@nk
  ("The World's largest Internet bank.")
• Qpass
  (An electronic wallet that is hoping for widespread acceptance)
  
  
• Securetrading
  (A service in the UK for processing credit card payments from Internet e-commerce sites. Installation of the system is straightforward)
• Security First Network Bank
• Trintech
  (Electronic payment solutions)