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.
| Original language | English |
|---|---|
| Article number | 7 |
| Journal | ITB Journal |
| Volume | 4 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2003 |
| Externally published | Yes |
Keywords
- iBank
- micro-payments
- SET