NDLI: Virtual card payment protocol and risk analysis using performance scoring

Content Provider	IEEE Xplore Digital Library
Author	Xu Xianhua Sung Sam Yuan Ge Ling Tan Chew Lim
Copyright Year	2001
Description	Author affiliation: Lotus (IBM) Asia Pacific, Singapore (Xu Xianhua)
Abstract	There are several payment protocols mediated by trusted third party functioning as bank (or credit card) agents. But these protocols do not integrate all parts of the protocol together. These agents only establish payment intention but not handle settlement. These protocols rely on traditional payment systems and logistics pathways to complete transactions thus the efficiency is low. In addition, though the agents in these protocols took up some services of the traditional financial conglomerates, risk analysis of the agents is unintentionally neglected. Here we developed an integrative and instantaneous payment protocol-virtual card payment protocol. Broker in our protocol is a bank agent, a financial conglomerate, a logistics assistant, a creditor to score participants' performance and an arbitrator to solve dispute between customers and merchants. In this protocol, one transaction is divided into 3 parts and different parts of the transaction apply different security level. Settlement can be instantaneously handled totally online, without direct involvement of traditional payment systems. Logistics is integrated to process through Internet. We define this technique "pay-on-delivery-online". Since inconsistency in transactions causes customer to complain, we introduce complaint-processing to build trust among involved participants. To dissipate risk concentration in Broker, we propose an algorithm to quantify participants' trustworthiness by estimating participants' transaction history with statistic analysis. Since it assumes that the participants' performance can only be evaluated by those that have established business with them, the model is more objective than poll online and is like the credit scoring or behavioral scoring in real world banking systems.
Sponsorship	IEEE Comput. Soc. Tech. Committee on Parallel Process.
File Size	107208
File Format	PDF
ISBN	0769509908
ISSN	15302075
DOI	10.1109/IPDPS.2001.924949
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2000-04-23
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Protocols Risk analysis Logistics Credit cards Security Internet History Statistical analysis Algorithm design and analysis Banking
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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