E-payment plan: A conditional multi-payment scheme based on user personalization and plan agreement

Abstract

In the past two decades, the development of payment solutions has significantly changed the way online retail businesses are conducted and enlarged the scope of numerous payment technologies offered in the market. Despite the multitude of payment solutions, card-based systems are still the most prevalent. While secure, card-based systems still lack privacy protection, user control and supervision. In this paper, we propose a new e-payment framework relying on card-based payment systems, with the aggregation of virtual credit cards and a personalized conditional E-Payment Plan defined by the cardholder. In our framework, the cardholder’s privacy is ensured with the use of Virtual Credit Cards. Moreover, with the E-Payment Plan Service Manager (E-PPSM), our proposed framework brings considerable improvements to the shopping practice. Through this service, cardholders can efficiently control and supervise their online purchases. The proposed framework thus ensures three considerable concentrations: personalization, control, and supervision applicable in multi-purchase checkouts, which are, in addition to privacy protection, our main contributions.