In this paper, we analyze some key issues concerning systems for processing Internet micropayments. At the heart of the matter is the trade-off between security and cost considerations. A set of criteria is proposed, against which a number of previously proposed and currently operational micropayment systems are reviewed. We also propose a model, called WebCoin, embodying a number of innovations that may enhance micropayment systems currently in use. © Springer Science+Business Media B.V. 2008.
CITATION STYLE
Nguyen, A., & Shao, X. (2008). A secure and efficient micropayment system. In Advances in Computer and Information Sciences and Engineering (pp. 63–67). https://doi.org/10.1007/978-1-4020-8741-7_12
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