Electronic Payment Frameworks

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Author(s): Antonio Ruiz-Martínez (University of Murcia, Spain), Oussama Tounekti (University of Murcia, Spain)and Antonio F. Gómez Skarmeta (University of Murcia, Spain)
Copyright: 2019
Pages: 14
Source title: Advanced Methodologies and Technologies in Digital Marketing and Entrepreneurship
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-5225-7766-9.ch016

Keywords: Business & Management / Business Science Reference / Entrepreneurship & Innovation / Marketing

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Abstract

This chapter presents what an electronic payment framework is, its main features and benefits, what the main electronic payment frameworks proposed so far are, and the current initiatives that are being developed. For each framework developed so far, the chapter presents its key features and differences with previous works. The presentation of the different frameworks proposed so far will allow the reader to understand the evolution of these frameworks and how different features have been incorporated along the time. Once previous works have been presented, the chapter introduces the most recent work in this field, that is, the work that is being developed by W3C with its web payment activity initiative. The chapter covers the different specifications that have been defined in this initiative and it analyzes the main challenges to be addressed. Thus, the reader will have a broad vision of electronic payment frameworks.

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