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A framework for micropayment evaluation

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  • Schmidt, Carsten
  • Müller, Rudolf

Abstract

Lacking payment systems become a bottleneck for the vision of the Information Economy. In many cases payments of fractions of a cent, so-called micropayments, are of particular interest. In this paper we propose a framework to evaluate payment systems. The framework consists of a well structured parameter vector of desired attributes. For the evaluation of attribute values we suggest to use VTS diagrams from object oriented analysis and design. The framework is applied to DigiCash, SET and First Virtual.

Suggested Citation

  • Schmidt, Carsten & Müller, Rudolf, 1998. "A framework for micropayment evaluation," SFB 373 Discussion Papers 1998,66, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    • Handle: RePEc:zbw:sfb373:199866
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    Cited by:

    1. Mashreghi , Behrooz & Keramati , Abbas, 2012. "An Analysis of the Factors Influencing Success of Bank-issued Micropayment Systems in Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 6(3), pages 245-286, April.
    2. Ben Greiner & H.-Arno Jacobsen & Carsten Schmidt, 2002. "The Virtual Laboratory Infrstructure for Online Economic Experiments," Papers on Strategic Interaction 2002-35, Max Planck Institute of Economics, Strategic Interaction Group.

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    Keywords

    micropayments; electronic commerce;

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