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A new efficient micropayment scheme against overspending
Alexandria, Egypt June 28-July 01
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/ISCC.2004.1358380Ninth IEEE Symposium on Computers and ...
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Weimin Lang, Dept. of Electron. & Inf. Eng., Huazhong Univ. of Sci. & Technol., Hubei, China
Zongkai Yang, Dept. of Electron. & Inf. Eng., Huazhong Univ. of Sci. & Technol., Hubei, China
Gan Liu, Dept. of Electron. & Inf. Eng., Huazhong Univ. of Sci. & Technol., Hubei, China
Wenqing Cheng, Dept. of Electron. & Inf. Eng., Huazhong Univ. of Sci. & Technol., Hubei, China
Yunmeng Tan, Dept. of Electron. & Inf. Eng., Huazhong Univ. of Sci. & Technol., Hubei, China
We propose a new micropayment scheme in which possible overspending is radically reduced by the adoption of probabilistic polling in a transaction. On the other hand, the losses caused by a dishonest overspending consumer must be shared by banks and merchants, furthermore, an iterative interactive payment protocol is performed which protects the profits of both consumers and merchants. Compared with PayWord, the fairness of our scheme is much higher and restricted anonymity of a customer is provided.
Citation:
Weimin Lang, Zongkai Yang, Gan Liu, Wenqing Cheng, Yunmeng Tan, "A new efficient micropayment scheme against overspending," iscc, vol. 1, pp.50-55, Ninth IEEE Symposium on Computers and Communications 2004 Volume 1 (ISCC'04), 2004
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