Electronic Payment Systems 20-763 Lecture 3 Automated Clearing and Settlement Systems Outline The Federal Reserve Payments System â Fedwire Check processing Automated Clearing…

Electronic Payment Systems 20-763 Lecture 9 Smart and Stored-Value Cards ePayment by Smart Card Replace cash Cash is expensive to make and use Printing, replacement Anti-counterfeiting…

Electronic Payment Systems 20-763 Lecture 4 Automated Clearing and Settlement Systems Clearance v. Settlement Messaging Transmission of payment orders Clearance Determining…

Electronic Payment Systems 20-763 Lecture 7 Digital Certificates Digital Certificate A digital identity document binding a public-private key pair to a specific person or…

Electronic Payment Systems 20-763 Lecture 14 Electronic Invoice Presentment and Payment Electronic Billing U.S. consumers pay 18.2 billion bills per year Occupies 2.4 billion…

Electronic Payment Systems 20-763 Lecture 10 Micropayments II Micropayments Replacement of cash Cheaper (cash very expensive to handle) Electronic moves faster Easier to…

Electronic Payment Systems 20-763 Lecture 6 Epayment Security II Public-Key (Asymmetric) Encryption 1. USERS WANT TO SEND PLAINTEXT TO RECIPIENT WEBSITE 2. SENDERS USE SITE’S…

Electronic Payment Systems 20-763 Lecture 12 Peer-to-Peer Payments Peer-to-Peer Payments Are banks necessary? Peer-to-peer payments PayPal Elliptic Curve Cryptography CHIPS,…

Electronic Payment Systems 20-763 Lecture 11 Electronic Cash Electronic Cash Token money in the form of bits, except unlike token money it can be copied. This creates new…

Electronic Payment Systems 20-763 Lecture 11 Electronic Cash Electronic Cash Token money in the form of bits, except unlike token money it can be copied. This creates new…