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Designing a generic payment service

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4 Author(s)
Abad Peiro, J.L. ; IBM Research Division, Zurich Research Laboratory, Säumerstrasse 4, 8803 Rüschlikon, Switzerland ; Asokan, N. ; Steiner, M. ; Waidner, M.

The growing importance of electronic commerce has resulted in the introduction of a variety of different and incompatible payment systems. For business application developers, this variety implies the need to understand the details of different systems, to adapt the code as soon as new payment systems are introduced, and also to provide a way of picking a suitable payment instrument for every transaction. In our work, we unify the different mechanisms in a common framework with application programming interfaces. Our framework provides services for transparent negotiation and selection of payment instruments as well. This allows applications to be developed independent of specific payment systems with the additional benefit of providing a central point of control for payment information and policies.

Note: The Institute of Electrical and Electronics Engineers, Incorporated is distributing this Article with permission of the International Business Machines Corporation (IBM) who is the exclusive owner. The recipient of this Article may not assign, sublicense, lease, rent or otherwise transfer, reproduce, prepare derivative works, publicly display or perform, or distribute the Article.  

Published in:

IBM Systems Journal  (Volume:37 ,  Issue: 1 )