• KSII Transactions on Internet and Information Systems (TIIS)
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• v.11 no.2
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• pp.1180-1200
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• 2017

Currently, automated payment services provide intuitive user interfaces by adapting various wireless communication devices with mobile services. For example, companies like Samsung, Google, and Apple have selected the NFC payment method to service payments of existing credit cards. An electronic payment standard has been released for NFC activation within Korea and will strengthen the safety of payment service communications. However, there are various security risks regarding the NFC-based electronic payment method. In particular, the NFC payment service using the recently released lightweight devices cannot provide the cryptographic strength that is supported by many financial transaction services. This is largely due to its computational complexity and large storage resource requirements. The chaotic map introduced in this study can generate a highly complicated code as it is sensitive to the initial conditions. As the lightweight study using the chaotic map has been actively carried out in recent years, associated authentication techniques of the lightweight environment have been released. If applied with a chaotic map, a high level of cryptographic strength can be achieved that can provide more functions than simple XOR operations or HASH functions. Further, this technique can be used by financial transaction services. This study proposes a mutual authentication technique for NFC-PCM to support an NFC payment service environment based on the chaotic map.

• Convergence Security Journal
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• v.16 no.4
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• pp.79-90
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• 2016

It is current status that currently-used 'electronic cash' cannot go beyond the physically and commonly-used as it is used by digitalizing the existing commodity money. Especially in case of bitcoin, though it is issued only by the activity called 'mining' without the issuing body and used in some countries in relatively-active way as it is admitted as the currency in the way that proves the transaction through 'BlockChain' in the form of P2P for the transaction among the individuals, it has several issues due to the characteristics it has. So, this research is willing to suggest the alternative plan to matter of policy, managerial and technical problems regarding the vitalization plan of bitcoin.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.35
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• pp.41-69
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• 2007

This study analyzes some important implications for the forthcoming revision of eUCP through the methodology of expected utility maximization theory. The overall results are as follows. First, beneficiary with an initial wealth has a risk-averse utility in traditional letter of credit transaction, and he would be more risk-averse in eUCP transaction. Secondly, the beneficiary who has risk-averse utility will pay for the risk premium to reduce the risk of corruption of an electronic record by means of cost of loss reduction activities. Thirdly, the cost of loss reduction activities is represented by a convex cost function, Fourthly, a risk averse beneficiary pursues loss reducing activities to the point where the expected marginal product of loss reduction is less than its marginal cost. Fifthly, a more risk-averse eUCP beneficiary will always select a higher level of loss reduction as long as the effectiveness of loss reduction is certain. Sixthly, when the effectiveness of loss reduction is uncertain, the more risk-averse eUCP beneficiary does not necessarily choose a higher level of loss reducing activities. Finally, it would be more reasonable that eUCP Article 11 should protect eUCP beneficiary who pursues a higher level of loss reducing activities.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.16 no.2
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• pp.1-8
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• 2016

A convergence of finance and information technology brought a remarkable development in Fin-Tech industry. On the other hand, currently existing laws seemed inappropriate to address the liability of financial institutions, Fin-tech enterprises and consumers in case of financial accidents due to its ambiguity. The minimum insurance obligation by financial institutions specified under the Electronic Financial Transaction Act 2006 is not keeping with current reality, considering transaction volume, frequency of incidents, and security investments. This paper aims to lay stress on the need of cyber liability insurance by understanding the domestic financial incidents and management, and the limit of existing insurance policy.

• The Journal of Society for e-Business Studies
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• v.16 no.4
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• pp.53-73
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• 2011

Many governments have tried to develop a liability and compliance law that can improve cyber security in a sustainable way. This paper explores whether a liability and compliance law is effective in motivating firms' information security activities. In particular, I empirically investigate the impact of the 2007 Electronic Financial Transaction Act (EFTA), a liability and compliance law in Korea, on the information security activities of financial institutions and services providers. In spite of various criticisms of the effectiveness of EFTA, the empirical findings of this study clearly show that EFTA is having a positive impact on information security activities. From these findings, this article concludes that a liability and compliance law is likely to contribute to a certain degree to the achievement of sustainable development of cyber security.

• The Journal of the Korea institute of electronic communication sciences
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• v.6 no.5
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• pp.731-737
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• 2011

The purpose of this study is to examine Internet users' psychological anxiety about the possibility of personal information leakage. The investigator examined the difference of psychological anxiety focusing on the possibility of personal information leakage according to the use amount of Internet, the number of joined sites and the frequency of e-commerce transaction. Study findings show that women felt more psychological anxiety than men did. In addition, people who used Internet more frequently felt more psychological anxiety. However, the number of joined sites and the average frequency of e-commerce transaction in a month had no significant influence upon users' psychological anxiety about the possibility of personal information leakage.

• The Journal of the Korea institute of electronic communication sciences
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• v.7 no.1
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• pp.141-147
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• 2012

Blind persons are information alienation class in spite of development of an Information-Communication technology. Need dog's paw of a business automation technology that apply Information-Communication know-how to do these in white-collar job go to work. I wish to develop VI 05 that can improve computer practical use ability by developing integration solution that can analyze know-how that need in transaction of business and overcome this technologically. Because developed VI 05 reserves and handles work that require screen spread, function that convert data of screen including character into voice, accuracy by integration solution that is necessary in transaction of business the process simplificaton make function that need in Secretariat state process such as knowing function have.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2001.10a
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• pp.65-68
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• 2001

In e-Marketplace, many companies are participating frequently either as supplier or as customer. Thus, electronic processing of transactions and flexible integration with participating companies' processes are required. These situation requires process integration using workflow and the exchange of transaction document using XML(eXtensible Markup Language). This paper presents methodologies to model business processes in e-Marketplace where many companies are participating and to exchange electronic messages using ebXML that have become a standard in electronic commerce. These methodologies can integrate and manage processes in electronic commerce environment, and can process ebXML standard documents efficiently, making electronic commerce more harmoniously in global market. The system constructed in this research supports business processes between companies by exchanging XML messages conforming Wf-XML and ebXML standards using SOAP protocol.

• Journal of Information Technology Services
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• v.10 no.2
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• pp.1-20
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• 2011

Due to the wide use of internet, electronic commerce market is gradually increasing but consumers still conceive various transaction-related problems. Various studies argue that those problems are obstructing trust in electronic commerce. Most studies on electronic commerce address that trust is measured as a Single dimension in which factors obstructing trust are same as those of increasing distrust. However, this study doesn't view trust as a single dimensional level but understands trust and distrust are bidimensional. This study also holds a viewpoint that they are influenced by different antecedents. According to the results of empirical analysis, the antecedents of trust have a significant explanatory power to trust and those of distrust have it to distrust. Other relations among the notions of trust and distrust, perceived risk and purchase intention as depicted in the research model are all statistically significant except the relation between distrust and purchase intention. This study shows a strong evidence of the bidimensionality of trust with separate antecedents.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.14
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• pp.237-256
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• 2000

Electronic commerce has been threatening to address the transaction inefficiencies in international trade that is conducted through letters of credit(L/Cs) and other forms of traditional paper-based financial instruments. The replacement of traditional paper documets with electronic alternatives is becoming more of a relity within a number of business sectors. The conceptual model of electronic L/Cs presented in this paper is intended to provide a framework for discussing the development of a paperless credit. The TradeCard network provides a business-to-business e-commerce infrastructure that enables buyers and sellers to conduct and settle international trade transactions securely over the Internet. Sellers and Buyers should select the best payment methods of traditional L/Cs, electronic L/Cs, TradeCard, Bank Credit Card etc. in consideration of their business circumstances.