Distributed electronic payment system based on bank union

With the development of e-commerce, electronic payment systems based on the Web have become a research hotspot. Most current payment models are based on the single bank, and e-cash has a lack of transparency and interoperation generally. Therefore, we put forward a distributed electronic payment system model based on bank union. It adopts a two-level secure architecture to guarantee the security of the payment system and to realize the e-cash´s transparency and interoperation. Moreover, on the base of it, we design a distributed payment gateway, and verify the security and performance of the system after its implementation.