• Title/Summary/Keyword: Payments System

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A Comparative Assessment Between LVTS of Canada and Fedwire of America as a Wholesale Electronic Payment System (미국과 캐나다의 거액전자지급결제제도 비교연구 - 미국의 Fedwire와 캐나다의 LVTS를 중심으로 -)

  • Lee, Byeong-Ryul
    • International Commerce and Information Review
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    • v.19 no.1
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    • pp.43-63
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    • 2017
  • I focused on LVTS compare with Fedwire to advance a research effects in this paper. The Fedwire Funds Service is generally used to make large-value, time-critical payments. The Federal Reserve Banks provide the Fedwire Funds Service, a real-time gross settlement system that enables participants to initiate funds transfer that are immediate, final, and irrevocable once processed. The Fedwire Funds Service is a credit transfer service. While, The LVTS(Large Value Transfer System) is the high value electronic wire system that facilitates the transfer of irrevocable payments in canadian dollars across the country. Through LVTS, funds can be transferred between participating financial institutions virtually instantaneously in a fully collateralized environment. Thus in this article, first of all, I considered features of payment system between LVTS and Fedwire. Second, I analyzed the governing structure and legal background. Third, I focused on the operational policy and risk aversion policy. Lastly, I suggested that the payment and banking system have to assume, with good reason, more efficiently accurately and securely operation together with conclusion.

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The Commodification of Family Care in the Japanese Long-Term Care Policy (일본 개호정책의 전개과정에 나타난 '가족개호의 비용화구조')

  • Kim, Ji Mi
    • Korean Journal of Social Welfare
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    • v.64 no.4
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    • pp.31-56
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    • 2012
  • The main purpose of this study is to examine the rewards for "Family Care" from the Japanese Long-Term care policy, to investigate the effects of "The commodification of Family Care" after the introduction of "The Long-Term Care Insurance", and to find out the institutionalization of reward system for "Family Care". First of all, the socialization of "The Long-Term Care" is redefined to be the commodification of family care in this study. Based on this definition, the commodification of family care and the government's involvement are analyzed in conjunction with considering the role of family in the process of Long-Term Care supply, the social evaluation for family care, the family carers' home environment and the position in the labor market. In result, the commodification structure of family care in the Japanese Long-Term Care policy is found, and it helps to understand the reason why the cash payments was just partially introduced.

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Technical Development and Direction of Sustainable Agriculture in Korea (우리나라 친환경 농업의 현황과 발전방향)

  • Park Moo-Eon
    • Proceedings of the Korean Society of Crop Science Conference
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    • 2001.09a
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    • pp.3-33
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    • 2001
  • A review on the technical development and agricultural policy direction for sustainable agriculture has been made to clarify the present conditions of agricultural environment for food production and natural resource conservation and to study prospects and solutions successfully to achieve food safety and environment conservation as the 21st agricultural paradigm. Although great improvement of environmentally sound and resource-conserving techniques, sustainability of Korean agriculture has been damaged by quantitative reduction and quality deterioration of agricultural land resources, insufficient implementation of low-input and organic matter recycling techniques and also improper cropping system. It is concluded that goal of sustainable agriculture can be successfully achieved by further improvement of environmentally friendly techniques, and stronger escalation of national implementation programmes with more financial supports including direct payments for sustainability of agriculture under systematical support and cooperation of AKS (agricultural knowledge system).

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A Design of Incentive-based DR Program using Analytic Hierarchy Process(AHP) (계층분석과정(AHP)을 이용한 지원금 기반 수요반응프로그램 설계)

  • Kim, Dong-Min;Kim, Young-Hyun;Kim, Jin-O;Lee, Chang-Ho
    • Proceedings of the KIEE Conference
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    • 2009.07a
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    • pp.589_590
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    • 2009
  • This paper presents a unique approach to scheme a demand response (DR) program in the electricity market from a customer-oriented perspective, which is based on the analytic hierarchy process (AHP). The proposed program is designed as an incentive-based program (IBP) considering Korea power systems with the cost-based generation pool (CBP). And the proposed DR program has the objective to maximize social welfare corresponding customers‘ participation and the constraints including incentive payments, the specific load curtailment conditions and reserve-margin criterion. A test system for the case study is used to demonstrate the usefulness and applicability of the proposed approach, and the load profiles with the proposed DR program are obtained. The results show not only the revenue attributable to the avoided costs but also enhancement of system reliability.

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Privacy-Preserving NFC-Based Authentication Protocol for Mobile Payment System

  • Ali M. Allam
    • 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.

DHT Based Peer-to-Peer Micropayment System for Ubiquitous Environment (유비쿼터스 환경을 위한 분산 해시 테이블 기반의 Peer-to-Peer 소액 지불 시스템)

  • Seo, Dae-Il;Song, Gyu-Won;Kim, Su-Hyun
    • 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.

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An Estimation of Behavior for Wedge type Removable Soil Nailing System by Field Trial Construction (현장시험시공을 통한 쐐기형 제거식 쏘일네일링 공법의 거동 평가)

  • Han, Yeon-Jin;Park, Si-Sam;Kwon, Hyuk-Jun;Kim, Hong-Taek;Park, Ju-Seok
    • Proceedings of the Korean Geotechical Society Conference
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    • 2009.09a
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    • pp.1360-1364
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    • 2009
  • Necessity of removable soil nailing has been arisen in the soil nailing system because of problem such as civil petition for geotechnical environment and invasion of the ground boundary line and payments for use besides geotechnical engineering. Removable soil nailing system is improved soil nailing system that fixed socket arranged in boring hole for increasement of skin friction. In this study, field pull-out tests are carried out more 4 times considering installed distance of fixed socket and analyze skin friction behavior characteristics in fixed socket through analysis of measurements of strain gauge attached to fixed socket. Also, to evaluate application for wedge type removable soil nailing system analyzing displacement aspects through field pull-out tests by trial construction.

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Developing a Web-Based Knowledge Product Outsourcing System at a University

  • Onte, Mark B.;Marcial, Dave E.
    • Journal of Information Processing Systems
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    • v.9 no.4
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    • pp.548-566
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    • 2013
  • The availability of technology and the abundance of experts in universities create an ample opportunity to provide a venue that allows a knowledge seeker to easily connect with and request advice from university experts. On the other hand, outsourcing provides opportunities and remains one of the emerging trends in organizations, and can very clearly observed in the Philippines. This paper describes the development of a reliable web-based approach to Knowledge Product Outsourcing (KPO) services in the Silliman Online University Learning system. The system is called an "e-Knowledge Box."It integrates Web 2.0 technologies and mechanisms, such as instant messaging, private messaging, document forwarding, video conferencing, online payments, net meetings, and social collaboration together into one system. Among the tools used are WAMP Server 2.0, PHP, BlabIM, Wordpress 3.0, Video Whisper, Red5, Adobe Dreamweaver CS4, and Virtual Box. The proposed system is integrated with the search engine in URLs, Web feeds, email links, social bookmarking, search engine sitemaps, and Web Analytics Direct Visitor Reports. The site demonstrates great web usability and has an excellent rating in functionality, language and content, online help and user guides, system and user feedback, consistency, and architectural and visual clarity. Likewise, the site was was rated as being very good for the following items: navigation navigation, user control, and error prevention and correction.

Anti-Fraud System for Credit Card By Using Hybrid Technique (Hybrid 기법을 적용한 효율적인 신용카드판단시스템)

  • 조문배;박길흠
    • Journal of the Institute of Electronics Engineers of Korea CI
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    • v.41 no.5
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    • pp.25-32
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    • 2004
  • An anti-fraud system that utilizes association rules of fraud as well as AFS (Anti Fraud System) for credit card payments in e-commerce is proposed. The association rules are found by applying the data mining algorithm to millions of transaction records that have been generated as a result of orders on goods through the Internet. When a customer begins to process an order by using transaction components of a secure messaging protocol, the degree of risk for the transaction is assessed by using the found rules. More credit information will be requested or the transaction is rejected if it is interpreted as risky.

A Study on Parking Control System for Fully Automated (완전 자동화를 위한 주차 관제 시스템에 관한 연구)

  • Ock, Injun
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.15 no.3
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    • pp.79-87
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    • 2019
  • The system proposed in this paper is a fully automated parking control system that can even protect users' information through blockchain. Unlike conventional parking control systems, the system consists of a web page that is accessible to people of all ages and ages, directly to the parking lot. Such a system would also benefit managers in the parking lot business. This is because it can reduce soaring labor costs and maximize the sales it can generate by operating 24 hours a day. In order to implement these systems, the web page was first designed using HTML and the API was configured using JAX-RS to invoke the API required by the web page. As a result, it created a web page that was easily accessible to anyone, built a server that could be accessed by more than 200 people at the same time, focused on personal information protection by encrypting the information of users through blockchain grafts, and designed a system that enabled users to complete payments easily. It is planning to add QR codes and GPS functions in the future and implement a function that allows one-touch information on parking lots and their vehicle information.