A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts
This paper is aimed at investigating and increasing awareness about various concepts related to Electronic Payment Systems (EPS) including its advantages, challenges and security considerations. The proposed study also evaluates the adoption of e-payment systems and the resulting impact on economy o...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Indian Society for Education and Environment & Informatics Publishing Limited
2017
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| Online Access: | http://irep.iium.edu.my/56117/ http://irep.iium.edu.my/56117/1/A%20Survey%20on%20E-Payment%20Systems%20Elements%20Adoption.pdf |
| _version_ | 1848784685212106752 |
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| author | Masihuddin, Muddassir Khan, Burhan Ul Islam Mattoo, M. Mueen Ul Islam Olanrewaju, Rashidah Funke |
| author_facet | Masihuddin, Muddassir Khan, Burhan Ul Islam Mattoo, M. Mueen Ul Islam Olanrewaju, Rashidah Funke |
| author_sort | Masihuddin, Muddassir |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper is aimed at investigating and increasing awareness about various concepts related to Electronic Payment Systems (EPS) including its advantages, challenges and security considerations. The proposed study also evaluates the adoption of e-payment systems and the resulting impact on economy of a nation. Methods/Statistical Analysis: In this paper, a comprehensive survey on all the aspects of electronic payment was conducted after analysis of several research studies on online payment systems. The most recent references and information have been explored in order to gain significant information about electronic payments systems. Findings: From the study conducted, it can be elucidated that despite various issues that usage of electronic payment systems pose, these are identified as a positive step towards the economic development of a nation. Nevertheless, its full potential can be realized only by raising its awareness among people. Applications/Improvements: With the advancement in technology and popularity of Internet, the perception of making online transactions is bound to gain momentum. In the future, the payment modes currently |
| first_indexed | 2025-11-14T16:41:10Z |
| format | Article |
| id | iium-56117 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:41:10Z |
| publishDate | 2017 |
| publisher | Indian Society for Education and Environment & Informatics Publishing Limited |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-561172017-07-31T02:06:06Z http://irep.iium.edu.my/56117/ A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts Masihuddin, Muddassir Khan, Burhan Ul Islam Mattoo, M. Mueen Ul Islam Olanrewaju, Rashidah Funke HG Finance HG1501 Banking HG4301 Trust services T Technology (General) This paper is aimed at investigating and increasing awareness about various concepts related to Electronic Payment Systems (EPS) including its advantages, challenges and security considerations. The proposed study also evaluates the adoption of e-payment systems and the resulting impact on economy of a nation. Methods/Statistical Analysis: In this paper, a comprehensive survey on all the aspects of electronic payment was conducted after analysis of several research studies on online payment systems. The most recent references and information have been explored in order to gain significant information about electronic payments systems. Findings: From the study conducted, it can be elucidated that despite various issues that usage of electronic payment systems pose, these are identified as a positive step towards the economic development of a nation. Nevertheless, its full potential can be realized only by raising its awareness among people. Applications/Improvements: With the advancement in technology and popularity of Internet, the perception of making online transactions is bound to gain momentum. In the future, the payment modes currently Indian Society for Education and Environment & Informatics Publishing Limited 2017-05 Article PeerReviewed application/pdf en http://irep.iium.edu.my/56117/1/A%20Survey%20on%20E-Payment%20Systems%20Elements%20Adoption.pdf Masihuddin, Muddassir and Khan, Burhan Ul Islam and Mattoo, M. Mueen Ul Islam and Olanrewaju, Rashidah Funke (2017) A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts. Indian Journal of Science and Technology, 10 (20). pp. 1-19. ISSN 0974-6846 E-ISSN 0974-5645 http://indjst.org/ |
| spellingShingle | HG Finance HG1501 Banking HG4301 Trust services T Technology (General) Masihuddin, Muddassir Khan, Burhan Ul Islam Mattoo, M. Mueen Ul Islam Olanrewaju, Rashidah Funke A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts |
| title | A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts |
| title_full | A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts |
| title_fullStr | A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts |
| title_full_unstemmed | A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts |
| title_short | A survey on E-payment systems: elements, adoption, architecture, challenges and security concepts |
| title_sort | survey on e-payment systems: elements, adoption, architecture, challenges and security concepts |
| topic | HG Finance HG1501 Banking HG4301 Trust services T Technology (General) |
| url | http://irep.iium.edu.my/56117/ http://irep.iium.edu.my/56117/ http://irep.iium.edu.my/56117/1/A%20Survey%20on%20E-Payment%20Systems%20Elements%20Adoption.pdf |