A device or instrument that has been printed, embossed, or encoded so as to purport to be a legitimate card, but which is not genuine.
Published in Chapter:
Electronic Payment
Marc Pasquet (GREYC Laboratory (ENSICAEN – Université Caen Basse Normandie - CNRS), France), Sylvain Vernois (GREYC Laboratory (ENSICAEN – Université Caen Basse Normandie - CNRS), France), and Wilfried Aubry (GREYC Laboratory (ENSICAEN – Université Caen Basse Normandie - CNRS), France)
Copyright: © 2009
|Pages: 8
DOI: 10.4018/978-1-60566-026-4.ch212
Abstract
Money has two main forms nowadays: the fiduciary money (coins, banknotes…) and the scriptural one (electronic or virtual). To pay goods, both are used. The electronic money, one specific form of the scripting money, is more and more used everywhere in the world. Electronic payment has many particularities: specific infrastructure, equipment, and software, new forms of regulations, technical agreements, normalizations, fraud limitations… The objective of this chapter is to present a general overview of electronic payment. The background section presents its historical evolution. In the main thrust, the chapter focuses first on the general architecture of electronic payment. Second, different authorization mechanisms for the processing of the banking transaction and for fraud prevention are detailed. Future trends stress the different research topics that should be investigated, especially concerning the SEPA program (Single Euro Payments Area), which will harmonize bank payment systems in Europe through 2012.