Empirical Study in the Security of Electronic Payment Systems
The financial institutions seek to cut the cost of
mediators through direct deal with the consumers
and share information with the Internet users as well
as encourage customers to pay on-line. One of the
main problems faced by Organizations in terms of
dealing and paying on-line that Internet users are
worried and unwilling to send sensitive information
through the Internet. In fact customers are scared
that during the transactions hackers and Internet
interlopers will steal their information. This study
suggests that there are some security features such
as authentication, authorization, privacy and
encryption can influence user’s perceptions of
security for electronic finance transactions and
contribute toward enhancing customers' perceptions
that the e-finance transactions are secure and safe to
send through sensitive information and pay on-line.
Keywords: Electronic Payment, Authentication, Authorization, Privacy, Encryption
Download Full-Text
