Paper Details

Reference:

Tomi Poutanen, Heather Hinton, and Michael Stumm,
"NetCents: a lightweight protocol for secure micropayments",
In Proceedings 3rd USENIX Workshop on Electronic Commerce, Boston, MA, USA, Usenix Association, New York, NY, USA, August, 1998, pp. 25–36.

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Abstract:

NetCents is a lightweight, flexible and secure protocol for electronic commerce over the Internet that is designed to support purchases ranging in value from a fraction of a penny and up. NetCents differs from previous protocols in several respects: NetCents uses (vendor-independent) floating scrips as signed containers of electronic currency, passed from vendor to vendor. This allows NetCents to incorporate decentralized verification of electronic currency at a vendor's server with offline payment capture. Customer trust is not required within this protocol and a probabilistic verification scheme is used to effectively limit vendor fraud. An online arbiter is implemented that will ensure proper delivery of purchased goods and that can settle most customer/vendor disputes. NetCents can be extended to support fully anonymous payments. In this paper we describe the NetCents protocol and present experimental results of a prototype implementation.

Keywords:

Electronic commerce, micropayments, electronic payment transactions

Reference Info:

ACMid: 1267150
ISBN: 1-880446-97-9

BibTeX:

@inproceedings(Poutanen-USENIXEC98,
    author = {Tomi Poutanen and Heather Hinton and Michael Stumm},
    title = {{NetCents}: a lightweight protocol for secure micropayments},
    booktitle = {Proceedings 3rd USENIX Workshop on Electronic Commerce},
    location = {Boston, MA, USA},
    organization = {Usenix Association},
    address = {New York, NY, USA},
    month = {August},
    year = {1998},
    pages = {25-36},
    isbn = {1-880446-97-9},
    keywords = {Electronic commerce, micropayments, electronic payment transactions}
)