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An Immediate Real Time Detection and Prevention of Double-Spending in Electronic Cash Payment System

by Princewill Aigbe, andrew Onibere
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 122 - Number 18
Year of Publication: 2015
Authors: Princewill Aigbe, andrew Onibere
10.5120/21803-5112

Princewill Aigbe, andrew Onibere . An Immediate Real Time Detection and Prevention of Double-Spending in Electronic Cash Payment System. International Journal of Computer Applications. 122, 18 ( July 2015), 32-39. DOI=10.5120/21803-5112

@article{ 10.5120/21803-5112,
author = { Princewill Aigbe, andrew Onibere },
title = { An Immediate Real Time Detection and Prevention of Double-Spending in Electronic Cash Payment System },
journal = { International Journal of Computer Applications },
issue_date = { July 2015 },
volume = { 122 },
number = { 18 },
month = { July },
year = { 2015 },
issn = { 0975-8887 },
pages = { 32-39 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume122/number18/21803-5112/ },
doi = { 10.5120/21803-5112 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T23:11:00.021864+05:30
%A Princewill Aigbe
%A andrew Onibere
%T An Immediate Real Time Detection and Prevention of Double-Spending in Electronic Cash Payment System
%J International Journal of Computer Applications
%@ 0975-8887
%V 122
%N 18
%P 32-39
%D 2015
%I Foundation of Computer Science (FCS), NY, USA
Abstract

The introduction electronic commerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. The success of electronic commerce business depends on the credibility of the available electronic payment systems. Electronic cash payment is one electronic payment systems developed to settle payments electronically, but suffers the problem of double-spending fraud. This paper identifies the possible causes of double-spending fraud and presents techniques to mitigate this type of fraud. These techniques involve the modification of existing electronic cash payment system, and a demonstration of the modified system to determine its double-spending fraud resistant capability.

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Index Terms

Computer Science
Information Sciences

Keywords

eCash algorithm registration certificate double-spending fraud resistant capability merchant real time entity public key infrastructure subscriber registration authority.

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