Closed Circle Internet E-Payment System Schema


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Abstract


Electronic Business greatly needs new payment systems that will support its further development. This Paper discusses the existing e-payment systems and their strength, weakness, and discusses the characteristics of a successful e-payment system. Then it proposes an E-payment system schema that covers weaknesses and makes use of strengths. The proposed schema depends on the Closed Circle method. This method makes the payment system more secured, and general. Also it leads to the disappearance of third party
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Keywords


Closed Circle; E-Business E-Commerce; E-Payment; Security Schema

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References


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