Knowledge-Based Supervision Model for Electronic Payment

With the booming of the electronic payment industry in China, an effective regulation is in urgent need in order to support e-commerce development as well as to avoid potential financial risks. In response, information systems play an essential role in helping the authorities achieve the mission. This paper proposes a knowledge-based conceptual model for e-payment supervision. To align with the supervisory targets, the model focuses on the following services: 1) monitoring the progress of e-payment industry; 2) assessing the dynamic impact raised by e-payment development; 3) supporting the regulatory policy making intelligently. The establishment of key performance indicators (KPIs) reflecting e-payment progress is studied and the mapping scheme from monitoring KPIs to analytical simulation model is presented in details. The knowledge cell approach is introduced for knowledge management and to improve the model´s flexibility. The soundness of the model is validated through the prototype system implementation.