scholarly journals System Open Payment by R&G for MKS Mielec

2018 ◽  
Vol 19 (12) ◽  
pp. 16-21
Author(s):  
Ryszard Rojowski
Keyword(s):  
Public Transport ◽  
Payment System ◽  
Ticket Sale ◽  
Card Payment ◽  
Additional Channel

Open Payment System allows safe charging, management and monitoring of the payment through different channels. The system produced by R&G for MKS Mielec allows to introduce a modern additional channel of public transport ticket sale in Mielec. It has been created by R&G in cooperation with Ingenico, Bee-Tech and eService. System Open Payent solution allows wireless card payment for the ticket in R&G production ticket validator.

scholarly journals METHODOLOGY OF APPLICATION OF THE SYSTEM OF PAYMENT BY SMART-CARD IN PUBLIC TRANSPORT

2020 ◽  
Vol 2018 (1) ◽  
pp. 106-107
Author(s):  
Ol'ga Lebedeva
Keyword(s):  
Smart Card ◽  
Public Transport ◽  
Payment System ◽  
Smart Cards ◽  
Passenger Transport ◽  
Advantages And Disadvantages

The existing methods of payment for travel on urban passenger transport are considered. A reasoned analysis of advantages and disadvantages of the application of the fare payment system using smart cards was carried out.

A Simple and Secure Credit Card-Based Payment System

2010 ◽  
pp. 834-842
Author(s):  
Chi Po Cheong
Keyword(s):  
Private Information ◽  
Credit Card ◽  
Financial Institution ◽  
Payment System ◽  
The Internet ◽  
Sensitive Information ◽  
Payment Systems ◽  
Credit Card Number ◽  
Card Number ◽  
Card Payment

Credit card is the most popular payment method used in Internet shopping. The idea of credit card payment is to buy first and pay later. The cardholder can pay at the end of the statement cycle or they can pay interest on the outstanding balance. Therefore, there are many credit card-based electronic payment systems (EPSs) that have been developed to facilitate the purchase of goods and services over the Internet such as CyberCash (VeriSign), iKP (Bellare, Garary, Hauser, et al, 1995), SET (Visa and MasterCard, 1997), CCT (Li & Zhange, 2004), and so forth. Usually a credit card-based EPS involves five parties: cardholder, merchant, acquirer bank, issuer bank, and financial institution. Internet is an open system and the communication path between each other is insecure. All communications are potentially open for an eavesdropper to read and modify as they pass between the communicating endpoints. Therefore, the payment information transmitted between the cardholder and the merchant through Internet is dangerous without a secure path. SSL (Zeus Technology, 2000) is a good example to secure the communication channel. Besides the issue of insecure communication, there are a number of factors that each participant must consider. For example, merchant concerns about whether the credit card or the cardholder is genuine. There is no way to know the consumer is a genuine cardholder. As a result, the merchant is incurring the increase in losses due to cardholder disputes and frauds. On the other hand, cardholders are worried about the theft of the privacy or sensitive information such as the credit card number. They don’t want any unauthorized usage of their credit cards and any modification to the transaction amount by a third party. These security issues have deterred many potential consumers from purchasing online. Existing credit card-based EPSs solve the problems in many different ways. Some of them use cryptography mechanisms to protect private information. However, they are very complicated, expensive, and tedious (Xianhau, Yuen, Ling, & Lim, 2001). Some EPSs use the Certificate Authority (CA) model to fulfill the authentication, integrity, and nonrepudiation security schemes. However, each participant requires a digital certificate during the payment cycle. These certificates are issued by independent CAs but the implementation and maintenance cost of this model is very high. In addition, the validation steps of Certificate-based systems are very time-consuming processes. It requires access to an online certificate server during the payment process. Moreover, the certificate revocation list is a major disadvantage of the PKI-based certification model (The Internet Engineering Task Force). The cardholder’s certificate also includes some private information such as the cardholder’s name. The requirement of a cardholder’s certificate means software such as e-Wallet is required to be installed on the cardholder’s computer. It is the barrier for the cardholder to use Certificatebased payment systems. To solve this problem, Visa Company has developed a new payment system called Verified by Visa (VbV) (http:www/visa-asia.com/ ap/sea/merchants/productstech/vbv_implementvbv. shtml). However, sensitive information such as credit card number is still passed to the merchant. Therefore, the cardholder is not protected by the system.

scholarly journals THE APPLICATION OF THE PROGRESSIVE DECISION-MAKING METHODS IN THE ELECTRONIC PAYMENT SYSTEM IN PUBLIC TRANSPORT

2019 ◽  
Vol 14 (3) ◽  
pp. 135-144 ◽  
Author(s):  
Pawel DROŹDZIEL ◽  
Iwona RYBICKA ◽  
Eva BRUMERCIKOVA ◽  
Bibiana BUKOVA
Keyword(s):  
Decision Making ◽  
Public Transport ◽  
Payment System ◽  
Electronic Payment ◽  
Electronic Payment System

Overview of Electronic Payment System

2015 ◽  
pp. 391-418
Author(s):  
Sanghita Roy
Keyword(s):  
Credit Card ◽  
Banking Sector ◽  
Payment System ◽  
Electronic Payment ◽  
Payment Systems ◽  
Advantages And Disadvantages ◽  
Business Transactions ◽  
The Difference ◽  
Card Payment ◽  
Electronic Payment System

The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. The advent of the Electronic commerce has prompted the invention of several payment tools to facilitate the completion of business transactions over the Internet. There are different methods to pay electronically. Recognizing this, virtually all interested parties are exploring various types of electronic payment system and issues surrounding electronic payment system and digital currency. Broadly electronic payment systems can be classified into four categories: Online Credit Card Payment System, Online Electronic Cash System, Electronic Cheque System and Smart Cards based Electronic Payment System. Each payment system has its advantages and disadvantages for the customers and merchants. These payment systems have numbers of requirements: e.g. security, acceptability, convenience, cost, anonymity, control, and traceability. Therefore, instead of focusing on the technological specifications of various electronic payment systems, the researcher has distinguished electronic payment systems based on what is being transmitted over the network; and analyzed the difference of each electronic payment system by evaluating their requirements, characteristics and assessed the applicability of each system. To sustain in the competition more banks are following e-commerce and especially using e-payment mechanism. Though Indian economy is basically cash driven, still India is not far behind in adopting E-payment services in retail and banking sector.

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