Application of Electronic Currency on the Online Payment System like PayPal

Abstract

Credit card payment system is the most popular way to make a purchase on electronic commerce. The main problem about using it is that the customer gives his personal information and credit card number to merchant or payment service provider when he makes a purchase in Internet. The result of this action is the lost of customer's anonymity and privacy in both the real world and Internet. We propose a new electronic currency scheme which guarantees customer anonymity and privacy. Also, we integrate our scheme with PayPal system. Please 7rse the follm! ~n g format 11 hen citing th~s chapter

An Analysis of the PayPals Corporate Strategy for Success

“…The repudiation problem is resolved by the authorization of the payment. As additional security parameter, the customer receives a notification with the payment details by email [3]. The fraud risk models run by PayPal and the various analytical tools employed are tailored and targeted to the characteristics of different businesses and therefore work very well.…”

Befektetői motivációk vizsgálata a kriptovalutával rendelkezők körében

“…A kriptovaluta fejlődése terén meghatározónak számított a banki infrastruktúrára épülő internetes fizetési rendszer, a PayPal. Az online üzletek üzemeltetői számára lehetőséget biztosít a biztonságos és egyszerű pénzfogadásra, míg a vásárlók egyszerűen, elektronikus módon tudnak fizetni (PELÁEZ and NOVELLA, 2006). Satoshi Nakamoto japán programozó 2009-ben hozta nyilvánosságra valuta koncepcióját, amellyel megalkotta a Bitcoin (BTC) (bitérme) virtuális fizetőeszközt.…”