A Secure Payment Protocol

Authors

Mark Cummins

Abstract

iBank is a business model and a set of protocols allowing customers to pay owners and retailers of information. This paper outlines this new electronic commerce mechanism specifically designed for micro-payments. The iBank scheme employs a proof of transaction but is unique in the way the payment commitment is distributed. The remainder of this paper explains in detail the full payment protocol that has developed; this includes all aspects of the protocol, including how the protocol handles disputes.

Recommended Citation

Cummins, Mark (2003) "A Secure Payment Protocol," The ITB Journal: Vol. 4: Iss. 1, Article 7.
doi:10.21427/D7CT8X
Available at: https://arrow.tudublin.ie/itbj/vol4/iss1/7

DOI

10.21427/D7CT8X