文档介绍：Seminar Report on
Survey on Smartcard and Mobile Payments
Tijo Thomas (03229401)
KReSIT IIT Bombay
Guided by:
Prof. Bernard Menezes
Jan 2006
Introduction
Electronic payment system is the alternative to the coin or paper based cash payment system to ease the user to make payment for their purchased goods or services over work or and in absence of the physical (entity) presence. Initially cheque in bank payment systems are used to serve the purpose of the same but now in the era of and merce paying securely over the is important task for the electronic payment system. Currently credit card are also in use for the payments over work but still users are doubting about trustworthy and the security of their money because of the increase in the frauds which ultimately causes loss of value (money) either to users, merchant or participating banks.
Present electronic payment system are to far from ideal payment system because of the higher transaction cost, more fraudulent activities, and multiple parties are involved in the payment processing simultaneously lacks users acceptance, proper application plans and patible standards/specifications. The good payment system should satisfy the user’s acceptance and merchants in the mass scale.
In traditional system user spends his own physical money and merchant receives direct physical money no third e in between transaction but i