Comparison study of advanced payment systems in E-commerce

 A research proposal by:

Esam Naas

Submitted in partial fulfillment of the requirements for the degree of MSc in E-commerce technology (Research methods module) Autumn 2008

This study will be used to select the convenient and most efficient new generation of payment system for the customers of electronic banking and trading market.

Simply the effective payment system is defined as the tool or the method of how customers paying their bills, debts or other trading procedures in easy and secure way.

The aim of this study is to compare between the existing systems and select the system which will be nominated as efficient, secure and quick system.

Any e-commerce payment system should include the following (Money, 2008):

Perform money transfers between customers. Receive payments in various business projects in

Internet. Make regular payments in Internet. Safely store money funds on electronic account and

get monthly interests. Make payment for goods and services in Internet

shops. Buy Gold Metal, USD and EUR currency online. Security is above all.

Online shoppers and e-commerce designer will be subjected by this research as it will give them best view of judging any payments system and selecting the better way of shopping online quick and secure.

In this study, the comparing criteria will be submitted on life testes on each payment system and there will be a graphical illustration of each response from the tested and the comments taken about the action made by the systems designers.

Three systems will be tested:1- Financial Cybermediaries (ebay Paypal)2- Electronic Bill Presentment and Payment

(natwest oline banking)3- Online Payment Systems Directory: (Amazon)

Criteria’s Table: the study will concentrate on how each system meets the following points:

Easy creation Validation Transfer action Link to bank account Make payments and receive funds Privacy Policies

Donal O’Mahony, M. P. (2001). Electronic Payment Systems for E-Commerce, Second Edition . ARTECH HOUSE, INC.

Holden, G. (2003). How to Do Everything with Your eBay® Business. The McGraw-Hill Companies.

Khosrow-Pour, M. (2006). Encyclopedia of E-Commerce, E-Government, and Mobile Commerce. Information Resources Management Association, USA by Idea Group Inc.

Terplan, K. (2006). Payment and Electronic Bill Presentment. CRC Press LLC. Williams, D. (2007). Pro PayPal E-Commerce. Apress.   Websites: Amazon. (2008). Amazon Web Services. Retrieved from Amazon:

http://aws.amazon.com/ BBC. (2006). Click Online, How biometrics could change security. Retrieved from BBC

NEWS: http://newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/1/hi/programmes/click_online/7702065.stm

Money, P. (2008). Perfect money. Retrieved from http://www.Perfectmoney.com Natwest. (2008). Natwest Onilne banking. Retrieved from Natwest:

http://www.nwolb.com PayPal. (2008). Paypal. Retrieved from Paypal: http://www.paypal.co.uk