micro-payment payment method for very small amount of money. based on cumulative transactions....

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Micro-Payment • Payment method for very small amount of money. • Based on cumulative transactions. • Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord ‣ Millicent ‣ MicroMint

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Page 1: Micro-Payment Payment method for very small amount of money. Based on cumulative transactions. Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord

Micro-PaymentMicro-Payment

• Payment method for very small amount of money.

• Based on cumulative transactions.

• Players, i.e.:

‣ CyberCoin (typically $0.25-$10)

‣ PayWord

‣ Millicent

‣ MicroMint

Page 2: Micro-Payment Payment method for very small amount of money. Based on cumulative transactions. Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord

Micro-Payment: + -Micro-Payment: + -

AdvantagesAdvantages DisadvantagesDisadvantages•Allows low value

transactions.•Secure with the use of

encryption.•Verification of user is not

important as there is immediate transfer of funds.

•Low costs.•Risk is limited to the value of

the cash sent on the network.•Software solution.

•Coins are vendor specific does not allow flexibility.Not mobile. Uses proprietary currencies thus depend on issuing companies to honor their internet cash. No extra hardware required. Internet use only.

Page 3: Micro-Payment Payment method for very small amount of money. Based on cumulative transactions. Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord

How to adopt online payment?How to adopt online payment?

• Own the payment software

• Use POS operated by an acquirer

• Use POS of payment services provider

Page 4: Micro-Payment Payment method for very small amount of money. Based on cumulative transactions. Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord

E-WalletE-Wallet

Page 5: Micro-Payment Payment method for very small amount of money. Based on cumulative transactions. Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord

E-Wallet: CyberCashE-Wallet: CyberCash

Page 6: Micro-Payment Payment method for very small amount of money. Based on cumulative transactions. Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord

Sales Tax IssueSales Tax Issue

• Suppose you buy a laptop computer online from Amazon.com.

• How much sales tax will you owe?

Page 7: Micro-Payment Payment method for very small amount of money. Based on cumulative transactions. Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord

Managerial IssuesManagerial Issues

• What payment methods should we use?

• Should we use an in-house payment mechanism or outsource it?

• How secure are e-payment?

Page 8: Micro-Payment Payment method for very small amount of money. Based on cumulative transactions. Players, i.e.: ‣ CyberCoin (typically $0.25-$10) ‣ PayWord

Further ReadingsFurther Readings

Copyright 1996 RSA Data Security, Inc. All rights reserved.Revised 1/1/96 PayWord and MicroMint: Two Simple MicroPayment Schemes Ronald L. Rivest (MIT)

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Community Service - Mobilize Cover...ACS Brochure #114000 $0.25 ACS Disaster Response #115800 $0.25 Adventist Youth Emergency Service Corp #115805 $0.25. 4,000 resources 53 ministry

Apron - 제이피아이헬스케어Pb equivalent (mmPb) Weight 0.25 / 0.5 Minimum 2.475 kg Minimum 2.535 Minimum 5.25 Minimum 2.64 Minimum 3.27 kg 0.25 / 0.5 0.25 Size Type / Velcro

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KNOW HOW MACHINERY CO.,LTD PVC.pdf · wM7-2532 TIS. 17-2532 8nn.17-2532 5 13.5 0.20 0.20 0.25 0.25 0.25 0.30 0.35 0.40 0.50 0.55 18 (1/2") 8.5 0.20 0.20 0.20 0.20 0.20 0.25 0.25 0.30

PayWord and MicroMint : Two Simple MicroPayment Schemes

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PayWord and MicroMint: Two simple micropayment schemespeople.csail.mit.edu/rivest/pubs/RS96a.pdf · 2020. 8. 20. · PayWord and MicroMint: Two Simple Micropayment Schemes Ronald

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