Fair payment protocols for E-commerce

Abstract

It has been widely accepted that fairness is a critical property for electronic commerce. Fair payment protocol is designed to guarantee fairness in a payment process over asynchronous network. Fairness means that when the protocol terminates, either both parties get their expected items, or neither does. In this paper we first present a new generic offline fair payment protocol with fairness, timeliness and invisibility of TTP. Then we introduce the property of abuse-freeness into electronic payment and implement a fair abuse-free payment protocol. © 2004 Springer Science + Business Media, Inc.