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Authors: Despoina Palaka 1 ; Petros Daras 2 ; Kosmas Petridis 2 and Michael G. Strintzis 2

Affiliations: 1 Aristotle University of Thessaloniki, Greece ; 2 Informatics and Telematics Institute, Greece

Keyword(s): peer-to-peer, e-payment, anonymous payment.

Related Ontology Subjects/Areas/Topics: Communication and Software Infrastructure ; e-Business ; e-Commerce and e-Business: B2B and B2C ; Enterprise Information Systems ; Information and Systems Security

Abstract: In this paper a novel payment system for Peer-to-Peer (P2P) commerce transactions is presented. It implements electronic cash-based transactions, between buyers and merchants. In this system, financial institutions become partners in the e-commerce transaction, conducted by their customers over the Internet. The innovation of the proposed system is the reduction of the involvement of the financial institutions to ancillary support services. Moreover, the proposed system can be characterized as distributed allocation of provinces to merchants, who are responsible for locally authorizing payments. Finally, it is optimized for repeated payments to the same merchants.

CC BY-NC-ND 4.0

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Paper citation in several formats:
Palaka, D.; Daras, P.; Petridis, K. and G. Strintzis, M. (2004). A NOVEL PEER-TO-PEER PAYMENT SYSTEM. In Proceedings of the First International Conference on E-Business and Telecommunication Networks - Volume 1: ICETE; ISBN 972-8865-15-5; ISSN 2184-3236, SciTePress, pages 245-250. DOI: 10.5220/0001388802450250

@conference{icete04,
author={Despoina Palaka. and Petros Daras. and Kosmas Petridis. and Michael {G. Strintzis}.},
title={A NOVEL PEER-TO-PEER PAYMENT SYSTEM},
booktitle={Proceedings of the First International Conference on E-Business and Telecommunication Networks - Volume 1: ICETE},
year={2004},
pages={245-250},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0001388802450250},
isbn={972-8865-15-5},
issn={2184-3236},
}

TY - CONF

JO - Proceedings of the First International Conference on E-Business and Telecommunication Networks - Volume 1: ICETE
TI - A NOVEL PEER-TO-PEER PAYMENT SYSTEM
SN - 972-8865-15-5
IS - 2184-3236
AU - Palaka, D.
AU - Daras, P.
AU - Petridis, K.
AU - G. Strintzis, M.
PY - 2004
SP - 245
EP - 250
DO - 10.5220/0001388802450250
PB - SciTePress