Second generation micropayment systems: lessons learned

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

5 Citations (Scopus)
56 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 languageUndefined
Title of host publicationProceedings of the Fifth IFIP conference on e-Commerce, e-Business, and e-Government, I3E 2005
EditorsM. Funabashi, A. Grzech
Place of PublicationBerlin
PublisherSpringer
Pages345-359
Number of pages15
ISBN (Print)0-387-28753-1
DOIs
Publication statusPublished - 2005
Event5th 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 200528 Oct 2005
Conference number: 5

Publication series

Name
PublisherSpringer
NumberXXIV
Volume189
ISSN (Print)1571-5736

Conference

Conference5th IFIP Conference e-Commerce, e-Business, and e-Government, I3E 2005
Abbreviated titleI3e
CountryPoland
CityPoznan
Period26/10/0528/10/05

Keywords

  • IR-63596
  • EWI-7620
  • METIS-224929

Cite this

Parhonyi, R., Nieuwenhuis, L. J. M., & 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 (pp. 345-359). Berlin: Springer. https://doi.org/10.1007/0-387-29773-1_23