The concept of security and trust in electronic payments

The use of electronic communication channels to conduct businesses without the need for physical conduct or presence has already been established and accepted warmly. But the issue of paying electronically still remains risky and muddy. This article implicates the security and trust issues that are essential for every electronic payment mechanism in order to be accepted and established as a common medium of financial transactions. (C) 2005 Elsevier Ltd. All rights reserved.