This course covers various methods of transferring payments over the Internet and compares their functionality. Topics include electronic money, electronic contracts, micro-payments, authenticity, integrity and reliability of transactions, the encryption and digital signature techniques needed to support electronic cash, and the technologies available to support secure transactions on the Internet.

CILO-1: Access and evaluate the effectiveness and the security of each transaction in electronic payment systems. CILO-2: Evaluate the limitations of different types of e-payment systems and access their security risks in the analysis and design of electronic payment systems. CILO-3: Apply different types of e-payment mechanisms, such as e-payment protocols, account transfer, electronic cash, micropayment, electronic trade to build up an e-payment system.