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 |
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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 | |
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 | |
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Publisher | Springer |
Number | XXIV |
Volume | 189 |
ISSN (Print) | 1571-5736 |
Conference
Conference | 5th IFIP Conference e-Commerce, e-Business, and e-Government, I3E 2005 |
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Abbreviated title | I3e |
Country/Territory | Poland |
City | Poznan |
Period | 26/10/05 → 28/10/05 |
Keywords
- IR-63596
- EWI-7620
- METIS-224929