An Efficient, Secure and Delegable Micro-Payment System

In this paper, we propose a new efficient and secure micro-payment scheme, named e-coupons, which can provide the users the facility of delegating their spending capability to other users or their own devices like Laptop, PDA, Mobile Phone, and such service access points. The scheme has the promise of becoming an enabler for various Internet-based services involving unit-wise payment. It gives flexibility to the users to manage their spending capability across various access points for a particular service without obtaining an authorization for each and every access point from a facilitating bank. This flexibility which is not present in the existing micro-payment schemes is essential for accessing ubiquitous e-services and other Internetbased applications. The facility of delegation introduces a slight overhead in respect of the proof or verification of the delegated authorization and security provided to the payments. The payoff from the facility of delegation takes away the burden ...

• Type: Conference
• Year: 2004
• Where: EEE
• Authors: Vishwas Patil, R. K. Shyamasundar
• Keywords: Access Point, EEE 2004, Information Management, Micro-payment Schemes, Spending Capability