Title :
Open transnational system for digital currency payments
Author :
Mjolsnes, Stig F. ; Michelsen, Rolf
Abstract :
Physical cash, in the form of coins and notes, is an anachronism in the information age. A newly developed system of cryptographic protocols realizes digital currency so that electronic payments can be done without online authorization or pre-registration. The user´s electronic wallet contains digital currency, and can be used both at physical and virtual (such as Internet) points of sale. An important goal of the CAFE project was to develop a system with significant improvements over existing retail payment systems by developing a truly open system with high standards of multiparty security that can be scaled to international operations. The paper reports on design issues for this type of digital currency systems
Keywords :
EFTS; Internet; cryptography; open systems; point of sale systems; CAFE project; Internet; cryptographic protocols; digital currency payments; electronic payments; electronic wallet; information age; international operations; multiparty security; online authorization; open transnational system; points of sale; preregistration; retail payment systems; standards; Business; Cryptographic protocols; Data security; Digital signatures; Digital systems; Large-scale systems; Public key cryptography; Robustness; Smart cards; Standardization;
Conference_Titel :
System Sciences, 1997, Proceedings of the Thirtieth Hawaii International Conference on
Conference_Location :
Wailea, HI
Print_ISBN :
0-8186-7743-0
DOI :
10.1109/HICSS.1997.663175
