• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.323-328
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• 2020

This study aims to analyze the changes in purchasing decisions in conducting transactions using cash and digital payment systems. Cash payment systems are very different from digital payments because they no longer use banks as intermediaries for transactions. The scope of this study is to determine the differences that take place with purchasing decisions using digital payment systems with OVO Indonesia smart applications. By using the paired T-test sample test method and testing the regression class assumptions, it is expected we will document the comparison between cash and digital payment systems as regards changes in consumers' buying interest behavior towards goods. Data is obtained by purposive sampling using special characteristics for smart application users. The results show that digital payments are developing very quickly, but cash payments still dominate due to the unavailability of complete facilities and infrastructure to support digital payment systems other than in cities. This study illustrates that digital payments have not been able to completely change consumer buying behavior in large numbers, but the main finding in this study is an increase in the percentage of digital payment usage to the online market, due to the many conveniences provided in OVO smart applications.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.9 no.2
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• pp.13-24
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• 1999

Electronic cash is a digital signature issued by bank. If the concept of the distributed secret sharing and magic ink signature is introduced in the existing electronic cash system we can increase the security level and the availability of electronic cash system and trace the electronic cash itself and the owner of electronic cash which was issued anonymously to a user in case of illegal usage of electronic cash by users. If the trust is concentrated on one bank system. the problem of misuse of bank can be occurred. To solve this problem, the distributed secrete sharing scheme need to be introduced in electronic cash system. In this paper We propose a DSS(Digital Signature Standard) distributed magic ink signature scheme and a KCDSA(Korea Certificate-based Digital Signature Algorithm) distributed magic ink signature scheme using a verifiable secret sharing method. and we compare two methods with respect to the required computation amount for the generation of magic-ink signature.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.9 no.4
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• pp.85-97
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• 1999

A blind signature scheme is a protocol allowing verifier to obtain a valid signature for a message m from a signer without him seeing the message. This means that the bank in collaboration with the shop cannot trace the electronic cash to user. However anonymous electronic cash also facilitates fraud and criminal acts such as money laundering anonymous blackmailing and illegal purchaes. Therefore in this paper we propose fair blind signature scheme based on KCDSA which is a domestic digital signature scheme and it apply a electronic cash system. In particularly a proposed electronic cash system have an anonymity control ability which trace a user who make use a electronic cash illegally in association with a trusted center.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.11 no.3
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• pp.33-44
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• 2001

E-commerce has various advantages such as saving the cost and no constraint on time and space, unlike real-world commerce. On the other hand, e-commerce has some important issues to solve since the commerce is conducted on the cyberspace. The issues are a mutual confidence of parties participating in the commerce as well as a method of payments. On early days, electronic cash was designed using blind digital signature to protect the personal information from being exposed and to provide the perfect anonymity for user. In this paper, a new blind signature scheme based on Feige-Fiat-Shamir digital signature is proposed, which is very efficient compared with the other schemes in terms of the computational complexity. Also, a traceable Electronic Cash System which is based on the proposed blind digital signature is designed, which has a nice feature of identifying the spender in case of using the money illegally.

• Asia pacific journal of information systems
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• v.31 no.1
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• pp.76-101
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• 2021

Digitalization and digital transformations have metamorphized the face of Financial Inclusion globally, more so, in cash obsessed economies like India. The purpose of our study is to empirically analyze the users' intention to adopt digital payment systems, post Demonetisation, during the COVID-19 pandemic in India. The conceptual framework for the study is based on the Unified Theory of Acceptance and Use of Technology (UTAUT) adoption model with added operationalized constructs of Perceived Risk and Stickiness to use Cash. A total of 326 respondents were surveyed using a pre-tested questionnaire during the Nationwide Lockdown 3.0 in India. These responses were analyzed using Partial Least Squares - Structural Equation Modelling (PLS-SEM) technique. The findings of the study revealed that performance expectancy and facilitating conditions directly influence the intention of individuals to use digital payment systems, whereas the effect of perceived ease of use on digital payment systems is mediated through the attitude towards the digital payment systems during COVID-19 pandemic situation. Implications of the proposed adoption model are discussed. This will enable the other developing economies to formulate a digital ecosystem, that is here to stay even after the pandemic.

• The KIPS Transactions:PartD
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• v.11D no.6
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• pp.1335-1340
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• 2004

This study introduces a technology utilizing digital images as electronic money by inserting watermark into the images. Watermarking technology assign contents ID to images and inserts the contents ID into the images in an unnoticeable way. The server that manages the issue and the usage of mage electronic money (called ‘WaterCash’ hereafter) stores issued contents ID to database and manage them as electronic money. WaterCash guarantees anonymity and prevents the forgery and modification of WaterCash based on semi-fragile watermarking technique. In addition, WaterCash is transferable and the illegal use of WaterCash can be prevented based on the watermarking technology. The watermarking .technology used in this paper was designed to be robust to image compression but vulnerable to intentional or non-intentional Image processing.

• Journal of Korea Technology Innovation Society
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• v.1 no.1
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• pp.96-105
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• 1998

Electronic cash affects central bank in many areas, in particular regarding the issuance of money, supervision of cashless payments, supervision of the banking system and monetary policy. The effects of electronic cash on central bank policies, the security and integrity of the payment system, and naturally also on single sector such as company engaged in the transport of money and valuables, depend mainly on the extent to which the new payment methods can replace cash. The possible development of electronic cash merits special attention from central banks for at least three reasons. First, central banks are concerned that the introduction of the new payment instrument should have no adverse effect on public confidence in the payment system and payment media. Second, although the substitution of electronic cash for other forms of money should not theoretically hamper central bank's ability to control the money supply, it might, however, have practial implications, at least in the long run, which need to be carefully examined. Third, because electronic cash may be used for payments of very small value, they have the potential, more than any other cashless instrument, to take over the role of notes and coins in the economy and, therefore, have implications for central bank's activities and revenues.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.8 no.7
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• pp.1537-1545
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• 2004

As the Internet continues to transform the commerce, the method of payment is one of critical components to conduct successful business across the internet. An electronic cash has all characteristics of traditional commodity cash and ensures security for all transactions. Accordingly an internet billing system based electronic cash is expected as the secure and efficient payment method in future electronic commerce. Digital Contents such as digital goods and services have the special characteristic that both the delivery of the goods and the transfer of money ran be accomplished on the same network. This allows the optimizations in the design of an electronic commerce system. In this paper, we propose an electronic payment protocol which is especially designed to purchase digital contents through internet. The proposed protocol guarantees anonymity by using a virtual ID, and minimizes payment processing steps.

• Proceedings of the Korea Institutes of Information Security and Cryptology Conference
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• 1994.11a
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• pp.51-66
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• 1994

A divisible off-line electronic cash system based on cut-and-choose has first been proposed by [OO91] and recently more efficient single term divisible cash system was presented in [EO94] which is based on Brand's scheme [Bra93]. In this paper, we present a different type of single term divisible electronic cash system which is more efficient than previously proposed systems such as [OO91], [YLR93], and [EO94] in the standpoint of the amount of communication, the number of modular multiplications required in the payment transactions, and the storage requirement in the withdrawal protocol. Our scheme is a modified version of [LL93], where the major improvement has been made in its withdrawal transaction to introduce untraceability and multi-spendability. We have borrowed the idea of the withdrawal protocol of our scheme from [EO94] with minor modifications. Transferability in our scheme allows only a finite number of transfer. Our scheme satisfies an the desirable properties of an electronic cash system such as untraceability, divisibility and transferability. In addition, we present a n-spendable cash. The basic idea of extension to multi-spendability has been borrowed from [Bra93] with minor modifications.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.5 no.1
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• pp.37-50
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• 1995

The smart card with the cryptography and VLSI technologies makes it possible to implement the electronic cash easily. A number of electronic each schemes have been proposed by many cryptographic researchers. In this paper, we propose a practical electronic cash system, using blind digital signature scheme. Schnorr's authentication scheme based on the discrete logarithm problem, and the hierarchical cash tree based on two one-way hash functions for dividable payment. Thisf electronic cash scheme has such properties as privacy of the payment, off-line payment, non-reuseability of cash, transferability of cash to another customer, and dividable payment of cash. This electronic cash protocol is well suited for implementing in smart card.