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Automatic Generation of B2C E-Commerce Payment Process

Automatic Generation of B2C E-Commerce Payment Process. By Jinglei Mei Thursday, November 09, 2000. Introduction. E-Commerce Overview? Problem Description Research Objectives. E-Commerce Overview. What is E-Commerce? What is B2C E-Commerce?

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Automatic Generation of B2C E-Commerce Payment Process

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  1. Automatic Generation of B2C E-Commerce Payment Process By Jinglei Mei Thursday, November 09, 2000

  2. Introduction • E-Commerce Overview? • Problem Description • Research Objectives

  3. E-Commerce Overview • What is E-Commerce? • What is B2C E-Commerce? • Current E-Commerce framework • Future of E-Commerce

  4. What is E-Commerce? • E-Commerce is the conducting of business transactions, sharing of business information, delivery of information/goods and maintaining business and customer relationships via an electronic network.

  5. What is E-Commerce? • E-Commerce affects the way that business interactions occur, influences how end customers negotiate, order, and pay for goods and services.

  6. What is B2C E-Commerce? • B2C means Business-To-Consumer • B2C transactions where a consumer seeks goods and services over a network

  7. Current E-Commerce framework • E-Commerce is an environment that facilitates business and organizational transactions over networks • E-Commerce is a new term for an old practice, which was standardized as Electronic Data Interchange (EDI) • The TCP/IP protocol, Internet, WWW, and international networks are increasing being used for traditional labor-intensive business processes

  8. Future of B2C E-Commerce • Consumer confidence/security becomes more important in B2C • Reliable/convenient Consumer Relationships is one of the most important parts in B2C • Consumers want to purchase in a distributed environment

  9. Problem Description • The current existing payment protocols still lack of supporting for simultaneous atomic purchases from multiple sources

  10. Problem Description (Cont.) • When a customer interacts with multiple merchants within one single E-Commerce transaction, the traditional bilateral communication between participants cannot provide a feasible solution.

  11. Research Objectives • Intend to propose and implement B2C E-Commerce payment by a transactional process encompassing the diverse interactions between all participants

  12. Research Objectives • Introduce a mechanism to generate processes at the payment coordinators site based on a generic payment process template, which is filled with the description of customer’s E-Commerce transaction

  13. Research Objectives(Cont.) • Intend to develop a payment coordinator which allows the combination of different interactions into one E-Commerce transaction.

  14. Literature Reviews • Several agent-based approaches exist • L.Kerschberg and S. Banejee presented an agency-based framework for E-Commerce • Peter Cassidy presented “Online payment systems for retail E-Commerce activating the automated Till”

  15. Literature Reviews (Cont.) • Several payment models exist • Direct cash-like /account-based system • FirstVirtual, NetCheque • Electronic wallets • Electronic Bill Presentment and Payment(EBPP)

  16. Literature Reviews (Continues) • E-Commerce payment infrastructure • Electronic cash and Electronic checks • Internet-based Credit card payments • Secure Electronic Transaction(SET) • Secure Socket Layer(SSL)

  17. Importance/Benefits of Research • E-Commerce is a very interdisciplinary research area. • The most important phase in E-Commerce interactions is the payment, due to the transfer of sensitive information(e.g. credit card number)

  18. Importance of Research(Cont.) • The accomplishment of payments is the crucial part in B2C E-Commerce interactions, since this phase does not only determine the success or failure but also requires sensitive information to be transferred.

  19. Research Design • Requirements of B2C E-Commerce payment process • Basic structure of payment process • Generation of payment process • Architecture of payment coordinator

  20. 1.Requirements of B2C payments • Security • Use current cryptographic technologies • Key transfer in an encrypted way • Anonymity • Protect customer and his/her spending patterns • Partial anonymity

  21. Requirements (Cont.) • Verification and Provability • Customers and merchants must be able to prove/verify the transactions • Atomicity • Includes Money transfer, Goods Delivery and Distributed purchase atomictiy

  22. 3. Generation of Payment Process • Architecture of B2C Payment System • Execution of Distribution Payment Transactions

  23. 4. Payment Coordinator • Shopping Assistant • Payment Process Generator • Process Engine

  24. i.) Shopping Assistant • It collects and performs all payment information captured during the initial negotiation phase, where data is exchanged by MIME types. • It runs at the customer’s site and is plugged into customer’s web browser. • It contains a wallet to manage electronic cash tokens and stores.

  25. ii.)Payment Process Generator • The execution of payment process • Handles the transformation • Is plugged into the process engine • Consists of order,merchant and payment information

  26. iii.) Process Engine • Workflow based Internet Services(WISE) is driven the design and implementation of software tools for E-Commerce. • WISE is based on virtual business process, virtual enterprises, and trading communities.

  27. WISE Engine • WISE functionalities include Exception Handling, Event management and inter-process communication, Quality of Service and Execution Guarantees.

  28. Data Analysis • Properties of Transactional Payment Processes • Guaranteed Termination of Payment Process • Compliance of Payment Process Requirements • Cryptographic Security • Handling of System Failure

  29. Data Analysis • Laboratory/Simulation may be used to analyze the characterization of conventional/digital payment mechanisms

  30. Schedule • Preliminary approval (1 month) • Literature reviews (2 month) • Research Design (3 month) • Research Implementation (3 month) • Evaluation (1 month) • Documentation (1 month)

  31. Facilities and Special Resource • WISE Process Engine • Protocols for secure E-Commerce • Visa/MasterCard Supports

  32. Summary • This research shows the structure of Automatic Generation of B2C payment process • This research presents a system allowing a customer to encompass different independent interactions with different merchants into one single E-Commerce transaction

  33. Summary (Cont.) • This research will extend and generalize the idea of dynamically generating payment process by allowing to use different payment methods for different goods within one single process.

  34. Questions?

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