Security of Payments
Description:
A very important part in e-commerce is trust. Especially the protection of card information is still a large security threat. With good reasons customers are afraid that their details will be copied or stolen.
Required security comprises encryption, data ‘finger printing’, user authorization and authentication. Technologies that already do exist and that are emerging are PKI, SSL, SET, 3D-SET, Identrus Model and several technologies for mobile devices. However, further development of the internet as a payment means is thus dependent of the fact that the users grow confidence in web-security, and in order to secure trusted transactions communication even more comprehensive security infrastructures should be put into practice. Such payment systems will definitely add service demands and technical complexity.
Enablers:
Factors which strengthen this driving force. (these are actually other driving forces, and you can link to them in the wiki!) 1. Economic Growth 2. Digital Literacy 3. Governmental Intervention 4. E-commerce Scandals 5. Aging Population
Inhibitors:
Factors which weaken this driving force. (these are actually other driving forces, and you can link to them in the wiki!) 1. Technical Inability 2. Acceptance of Insecurity
Paradigms:
According to Forrester research, as a result of fraud for every $1000 of transactions a company could lose $1 online compared to $25 offline.
Old: Fraud in offline transactions is negligible
New: In online transactions fraud is a serious problem
Experts:
Sources for additional information about this driving force. (if you have found people, put the links to them)
Timing:
1998 Global Business Dialogue on Electronic Commerce founded