• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.15
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• pp.59-87
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• 2001

In recent years electronic fund transfers covered by the Electronic Fund Transfer Act 1978 for consumer protection and the Article 4A of Uniform Commercial Code(U.C.C.) 1989 for wholesale electronic payments in United States. Electronic fund transfers carried out by use of a wire transfer network, automated clearing house, or other communication system of a clearing house or other association of banks such as direct deposit, Fedwire, automated teller machine, point-of-sale, and credit card transactions have been increasingly common in consumer transactions and wholesale transactions. Especially, the Article 4A of U.C.C. governs the rights and obligations associated with transactions such as an issue and acceptance of payment order, execution of sender's payment order by receiving bank, and payment. These legal frameworks in connection with electronic fund transfers in United States can play a leading role in establishing model not only within the United States, but also as a basis for developments of electronic commerce law in Korea including other countries.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.17 no.5
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• pp.1471-1483
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• 2023

One of the fastest-growing mobile services accessible today is mobile payments. For the safety of this service, the Near Field Communication (NFC) technology is used. However, NFC standard protocol has prioritized transmission rate over authentication feature due to the proximity of communicated devices. Unfortunately, an adversary can exploit this vulnerability with an antenna that can eavesdrop or alter the exchanged messages between NFC-enabled devices. Many researchers have proposed authentication methods for NFC connections to mitigate this challenge. However, the security and privacy of payment transactions remain insufficient. We offer a privacy-preserving, anonymity-based, safe, and efficient authentication protocol to protect users from tracking and replay attacks to guarantee secure transactions. To improve transaction security and, more importantly, to make our protocol lightweight while ensuring privacy, the proposed protocol employs a secure offline session key generation mechanism. Formal security verification is performed to assess the proposed protocol's security strength. When comparing the performance of current protocols, the suggested protocol outperforms the others.

• The Transactions of the Korea Information Processing Society
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• v.4 no.4
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• pp.1046-1058
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• 1997

WWW has taken root in Internet as a means of future shopping.But paymetn systems using tpdays show us several security vnlnerabilities.The problem that plain shpter's credit card details are transferred in Internet is included.Thnese risks can break out not only an infringement of pribate information but also economic crime.To solve these risks,we introduce the techique which implrment the encrypted WWW communication using PGP.And we propose SCCP which is new electronic payment protocol.As a result of testing with criteria from IBM,we can find that SCCP is safe and secure electronic payment protocol.As a result of testing with criteria from IBM,we can find that SCCP is safe and secure elctronic payment protocol.

• 한국HCI학회:학술대회논문집
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• 2009.02a
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• pp.315-318
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• 2009

A payment system is required to buy various services and micropayment system is demanded for minimizing a frequent payment transaction cost in ubiquitous environment. It is not guarantee that devices are always online and payment system is required a robustness when some of them is offline. To solve this situation other systems use a centralized broker but the problem with most existing micropayment system is the heavy load on the broker. In this paper present a payment system a DHT based Peer-to-Peer micropayment system for ubiquitous environment can use even if payments need not be online and reduce broker's load.

• Korean Management Science Review
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• v.18 no.1
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• pp.69-78
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• 2001

An electronic micropayment system, one of electronic payment systems, is suitable especially when a small amount of money is to be paid frequently in order to purchase on-line goods (i.e. database search, software distribution, electronic news service, etc). In addition, since the amount of payment is small, possible damages caused by system failures are lower than other payment system. In this paper, a micropayment protocol in electronic commerce environments on the Internet is proposed, based on the PayWord system. And a micropayment electronic commerce system which executes the protocol proposed is implemented. Unlike the PayWord system, however, the micropayment protocol proposed in this paper is designed in such a way that a merchant does not need to request a payment at the end of every business day since a customer cannot purchase goods beyond length of hash chains, which is specified on a certificate. In addition, the system is able to check the validity as well as the duplicate spending of hash chains. The electronic micropayment system with the proposed protocol is consists of Customers, Merchants, and Brokers. Customers are implemented on Windows NT 4.0 using VC++. Merchants are implemented on Solaris 2.5.1 and gcc 2.8.0 using Netscape Web Server and CGI Methods. HP UX 10.20 is used for Brokers.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.3 no.2
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• pp.411-420
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• 1999

The topic of electronic commerce is a hot issue in computer technology. There are many kinds of risks associated with electronic commerce which performs financial transactions by exchanging electronic information over public networks. Therefore, security factors such as confidentiality, integrity, authentication and non-repudiation should be required to construct secure electronic commerce systems. In this paper, the credit card-based payment protocol applying dual signature is presented. It provides payment information to the bank a cardholder pays to, but conceals ordering information. It also offers ordering information to a merchant, but hides payment information including the card number. Thus, cardholder's private information can be protected. In order to accomplish this, dual signature is performed employing both symmetric method utilizing cardholder's secret number as an encryption key and asymmetric method.

• The Journal of the Korea Contents Association
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• v.10 no.8
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• pp.349-359
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• 2010

The purpose of this study is to design the On-line Insurance Sales Support System using Case-Based Reasoning(CBR). In on-line insurance subscription process, this system provides the personalized insurance payment cases and insurance statistics for customers to entice an insurance subscription. By measuring, specifically, similarities between the user profile and insurance payment cases, it suggests the best insurance payment case which has the highest similarity and reflects the latest in the insurance payment cases. In addition, it serves the insurance statistical information that matches with the attributes of the finally-selected case. These functions can be useful in on-line insurance sales.

• The Transactions of the Korea Information Processing Society
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• v.6 no.8
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• pp.2145-2157
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• 1999

One of the most popular services among the various application services provided in Internet is electronic commerce. However, it is true that the most of payment systems in existing shopping server are not secure enough even if they provide security services. In this paper, we pointed out some problems in existing shopping server. And, we designed and implemented the secure electronic payment system, SafePay to solve the problems in existing payment system.

• The Journal of Asian Finance, Economics and Business
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• v.1 no.4
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• pp.5-13
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• 2014

This study contributes to addressing the problem of an aging population by providing important information that determines feasible monthly payments for the clients of Chinese reverse mortgage products and by promoting the implementation of reverse mortgages in China. The variables used in this study include mean values obtained from time series data, of the rate of increase of housing prices, and the probability value, interest rate, and mortality rate obtained through the geometric Brownian motion (GBM). For mortality rates, China Life Insurance female mortality rates (2000-2003) were used. This study aims to apply the main variables that affect reverse mortgage products in a monthly payment model based on Chinese financial market conditions, and determine loan values. In this study, Shanghai's reverse mortgage monthly payments, by age levels, were calculated through the loan-to-value (LTV) and payment (PMT) methods to evaluate the value of the reverse mortgages. Based on the optimal combination of the three factors of payment amount, loan interest rates, and the level of acceptance of prices, efforts must be made to extract the best value for the elderly. Only in this way can the interests of both lenders and borrowers be protected, by increasing the market share and economies of scale of the reverse mortgage industry and effectively improving the living standards of the elderly.

• International Journal of Advanced Culture Technology
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• v.10 no.1
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• pp.230-235
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• 2022

This study is to select an optimal object detection algorithm for designing a self-checkout counter to improve the inconvenience of payment systems for products without existing barcodes. To this end, a performance comparison analysis of YOLO v2, Tiny YOLO v2, and the latest YOLO v5 among deep learning-based object detection algorithms was performed to derive results. In this paper, performance comparison was conducted by forming learning data as an example of 'donut' in a bakery store, and the performance result of YOLO v5 was the highest at 96.9% of mAP. Therefore, YOLO v5 was selected as the artificial intelligence object detection algorithm to be applied in this paper. As a result of performance analysis, when the optimal threshold was set for each donut, the precision and reproduction rate of all donuts exceeded 0.85, and the majority of donuts showed excellent recognition performance of 0.90 or more. We expect that the results of this paper will be helpful as the fundamental data for the development of an automatic payment system using AI self-service technology that is highly usable in the non-face-to-face era.