ABSTRACT

Research on Internet Economics attempts to improve our understanding of the Internet as an economic system. Recently proposed and implemented payment methods follow one of three models: electronic currency, credit-debit, and secure credit card transactions. Such payment services have different strengths and weaknesses with respect to the requirements of security, reliability, scalability, anonymity, acceptability, customer base, convertibility, efficiency, ease of integration with applications, and ease of use. Within this paper I shall analyze these payment services as well as their respective strengths and weaknesses. This paper discusses some of the desired characteristics of payment systems for an open networks and the benefits and drawbacks of alternative approaches, and describes how the different methods can be used together to provide financial infrastructure for the Internet.

INTRODUCTION

The bursting of technology-based stock bubbles occurred......

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Title: Internet Payment Services
Approximate Word Count: 2098
Approximate Pages: 9 (250 words per double-spaced page)

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