Second generation micropayment systems: lessons learned

R. Parhonyi; Lambertus Johannes Maria Nieuwenhuis; Aiko Pras

doi:10.1007/0-387-29773-1_23

Second generation micropayment systems: lessons learned

R. Parhonyi, Lambertus Johannes Maria Nieuwenhuis, Aiko Pras

Faculty of Behavioural, Management and Social Sciences

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

6 Citations (Scopus)

60 Downloads (Pure)

Abstract

In the next years the market for low value products such as online music and videos and the role of micropayment systems for selling such products are expected to grow substantially. The first generation micropayment systems appeared around 1994, with systems such as eCash, MilliCent and CyberCoin. These systems were unable to gain market share, however, and disappeared slowly in the late 1990s. The second generation micropayment systems appeared around 1999-2000, and are still operational. In this paper we present an overview of first and second generation micropayment systems, and compare their key characteristics to determine their success or failure. This paper explains why the first generation systems failed and concludes that second generation systems have a better chance for success than their predecessors.

Original language	Undefined
Title of host publication	Proceedings of the Fifth IFIP conference on e-Commerce, e-Business, and e-Government, I3E 2005
Editors	M. Funabashi, A. Grzech
Place of Publication	Berlin
Publisher	Springer
Pages	345-359
Number of pages	15
ISBN (Print)	0-387-28753-1
DOIs	https://doi.org/10.1007/0-387-29773-1_23
Publication status	Published - 2005
Event	5th IFIP Conference e-Commerce, e-Business, and e-Government, I3E 2005: Challenges of Expanding Internet: e-Commerce, e-Business, and e-Government - Poznan, Poland Duration: 26 Oct 2005 → 28 Oct 2005 Conference number: 5

Publication series

Name
Publisher	Springer
Number	XXIV
Volume	189
ISSN (Print)	1571-5736

Conference

Conference	5th IFIP Conference e-Commerce, e-Business, and e-Government, I3E 2005
Abbreviated title	I3e
Country/Territory	Poland
City	Poznan
Period	26/10/05 → 28/10/05

Keywords

IR-63596
EWI-7620
METIS-224929

Access to Document

10.1007/0-387-29773-1_23

2005-I3E-2ndgeneration-payments

Cite this

@inproceedings{07566c14b62b498882e6d96e44db64dc,

title = "Second generation micropayment systems: lessons learned",

abstract = "In the next years the market for low value products such as online music and videos and the role of micropayment systems for selling such products are expected to grow substantially. The first generation micropayment systems appeared around 1994, with systems such as eCash, MilliCent and CyberCoin. These systems were unable to gain market share, however, and disappeared slowly in the late 1990s. The second generation micropayment systems appeared around 1999-2000, and are still operational. In this paper we present an overview of first and second generation micropayment systems, and compare their key characteristics to determine their success or failure. This paper explains why the first generation systems failed and concludes that second generation systems have a better chance for success than their predecessors.",

keywords = "IR-63596, EWI-7620, METIS-224929",

author = "R. Parhonyi and Nieuwenhuis, {Lambertus Johannes Maria} and Aiko Pras",

note = "This work does not have a URL, or a DOI. pieter.hartel@utwente.nl wrote: > Aiko, > > Kan je al de publicaties met Robert even langslopen om aan te geven > welke ook bij DACS gerekend moeten worden? Ik ben sinds 1-9-2004 bij DACS, dus moeten de volgende publicaties van Robert ook bij DACS worden ingevoerd: - http://eprints.eemcs.utwente.nl/7075/ - http://eprints.eemcs.utwente.nl/7076/ - http://eprints.eemcs.utwente.nl/7620/ Ik weet niet of een thesis alleen bij de groep van de gepromoveerde hoort, of ook bij de groep van de assistant-promotor. In het laatste geval moet aan DACS worden toegevoegd: - http://eprints.eemcs.utwente.nl/7147/ - http://eprints.eemcs.utwente.nl/2732/ Kan ik dit zelf aanpassen? Groetjes Aiko ; null ; Conference date: 26-10-2005 Through 28-10-2005",

year = "2005",

doi = "10.1007/0-387-29773-1_23",

language = "Undefined",

isbn = "0-387-28753-1",

publisher = "Springer",

number = "XXIV",

pages = "345--359",

editor = "M. Funabashi and A. Grzech",

booktitle = "Proceedings of the Fifth IFIP conference on e-Commerce, e-Business, and e-Government, I3E 2005",

address = "Netherlands",

}

Parhonyi, R, Nieuwenhuis, LJM & Pras, A 2005, Second generation micropayment systems: lessons learned. in M Funabashi & A Grzech (eds), Proceedings of the Fifth IFIP conference on e-Commerce, e-Business, and e-Government, I3E 2005. Springer, Berlin, pp. 345-359, 5th IFIP Conference e-Commerce, e-Business, and e-Government, I3E 2005, Poznan, Poland, 26/10/05. https://doi.org/10.1007/0-387-29773-1_23

Second generation micropayment systems: lessons learned. / Parhonyi, R.; Nieuwenhuis, Lambertus Johannes Maria ; Pras, Aiko.

Proceedings of the Fifth IFIP conference on e-Commerce, e-Business, and e-Government, I3E 2005. ed. / M. Funabashi; A. Grzech. Berlin : Springer, 2005. p. 345-359.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AB - In the next years the market for low value products such as online music and videos and the role of micropayment systems for selling such products are expected to grow substantially. The first generation micropayment systems appeared around 1994, with systems such as eCash, MilliCent and CyberCoin. These systems were unable to gain market share, however, and disappeared slowly in the late 1990s. The second generation micropayment systems appeared around 1999-2000, and are still operational. In this paper we present an overview of first and second generation micropayment systems, and compare their key characteristics to determine their success or failure. This paper explains why the first generation systems failed and concludes that second generation systems have a better chance for success than their predecessors.

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KW - METIS-224929

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BT - Proceedings of the Fifth IFIP conference on e-Commerce, e-Business, and e-Government, I3E 2005

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