CONSEPP: CONvenient and Secure Electronic Payment Protocol Based on X9.59

The security of electronic payment protocols is of interest to researchers in academia and industry. While the ultimate objective is the safest and most secure protocol, convenience and usability should not be ignored, or the protocol may not be suitable for large-scale deployment. Our aim in this paper is to design a practical electronic payment protocol which is both secure and convenient. ANSI X9.59 standard describes secure payment objects to be used in electronic payment in a convenient and secure way. It has many useful convenience features for large-scale consumer market deployment, the best being the elimination of consumer certificates. Consumer public keys are stored in account records at financial institutions; the digital signatures issued by consumers are verified by financial institutions. Encryption is deliberately not provided by X9.59. In this paper we propose a new Internet e-payment protocol, namely CONSEPP (CONvenient and Secure E-Payment Protocol), based on the ac...

• Type: Conference
• Year: 2001
• Where: ACSAC
• Authors: Albert Levi, Çetin Kaya Koç
• Keywords: ACSAC 2001, ANSI X9.59 Standard, Electronic Payment, Electronic Payment Protocol, Security Privacy