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Method and System for Divisible Card Payments for Online Purchases  

Cho, June-Suh (Department of Business Administration, Hankuk University of Foreign Studies)
Publication Information
Information Systems Review / v.8, no.3, 2006 , pp. 65-80 More about this Journal
Abstract
This paper proposes a new infrastructure that supports divisible card payment where a combination of multiple credit cards can be used for a single purchase. The divisible card payment infrastructure modifies the existing payment system in two ways. First, the V-Card Manager(VCM) is added to the merchant side to handle the divisible card approval process from respective credit-card issuers. Second, the V-Card Agent(VA) is added to the customer side and generates a customized divisible card, called V-Card, based on the customer's preferences. This paper provides a customizing card payment method that supports divisible payments based on profits and preferences of customers.
Keywords
Virtual Card; Payment System; Online Purchases; Optimization;
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