and Evaluation of
Different Types of
- for the e-commerce students of
2015 Jan 23
for e-payment systems 1999-2005 go to
WTGR at a "Lab" meeting with one of
|There are many
challenges to creating content and updating web pages on an active teaching
site like witiger.com. One challenge is the question of what to do with
a category of content that has been eclipsed by newer technologies.
When i first started talking about e-commerce payment systems in 1999, many of the things we take for granted today (Jan 2013) like PayPal (invented in 1999, acquired by eBay in 2002) had just started to become popular.
Now in early 2013 a definite trend confirmed is that the majority of access to web content, especially shopping sites, is through smartphones and other mobile devices such as small tablets, e-readers and netbooks.
Therefore, in a sense, all
e-payment systems are m-payment systems and subsequent developments
will be discussed on the page
|INTRODUCTION||This matrix was created
for the purpose of better explaining to, and discussing with, e-commerce
students, the basics of e-payment systems. We looked for a similar matrix
on the web but could not find anything close to explaining all the various
payment systems within an annotated structure. There is a small
matrix at www.backe.com/epssum.html
but it is dated 1996 and has no indications of being updated. www.backe.com/epssum.html
checked again in March 2003, and October 2003 - the site still up, but
it was not updated.
There is a very long alphabetically ordered list of payment systems at the web site of Networks and Telecommunications Research Group, Department of Computer Science, Trinity College Dublin. We consider this list to be a great resource, however each entry has just one hyperlink to the main page of each system, leaving it to the browser to read further. In 2002 - the specific page on payment systems had been taken down. Dr Phillip M. Hallam-Baker has a page at http://www.w3.org/ECommerce/roadmap.html on e payment systems but I have no idea of how up-to-date it is. "A Bibliography of Electronic Payment Information" can be found at http://robotics.stanford.edu/users/ketchpel/ecash.html assembled by Stanford University. Scott Richards, and MBA student did a good site at http://www.tec.informatik.uni-rostock.de/IuK/lehre/settlement-seminar/InternetPayment.html but it is dated 1996 and no longer working.
So, because there was a lack of a simple source of information on the different e-payment system, we decided to build our own page, and have kept it updated these past 3 years.
The learning objectives of this section is that when the student has finished reading this material, and clicking on the links [that work] they will be able to
|This is the type of subject
which is "challenging" to teach because the "players" change often and
technical innovations occur frequently - sometimes between semesters
It is the responsibility of the student to use the info on this page as a basic guide, and then use various e-media sites to see what is the current status of the payment systems mentioned, and check for new developments.
By 2005 there has been a Darwinian "winnowing out" of some of the systems that were developed in the period of 1999-2003.
By 2011 and 2012 when smart phones began to evolve from cell phones, the credit card companies are putting a lot of research into competing in this field so that they end up as participants and not observers.
It seems fairly soon that something will breakthrough and we will have one or two dominant players emerge - (Apple Jan 2015?) however by the time of last updating this page that player is not easy to identify.
|During the 3rd
week in October 2013, Richardson was interviewed at length on TVO's "The
Agenda" hosted by Steve Paikin about the digital currency Bitcoin.
ww3.tvo.org/video/196425/tim-richardson-buying-bitcoin . Richardson discussed why digital currencies are increasingly desired for internet marketing situations and also talked about how Bitcoin works and the anonymous aspect which challenges law enforcement.
of Internet Payment Systems
Ganeshalingam in MGD415 at UTM in March 2006 emailed to say
your class regarding e-payment systems you talked about a cashless society.
I ran into this article today, http://www.pulse24.com/Business/Top_Story/20060328-001/page.asp,
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