Shaping the Future of Online Payment Processing: An Autonomic Approach Applied to Intelligent Payment Brokers

  • Marcelo Perazolo
  • Carlos Hoyos
  • Viswanath Srikanth
Part of the Lecture Notes in Computer Science book series (LNCS, volume 3825)


As e-Commerce systems evolve, and B2B models flourish, more and more complex payment transactions are performed electronically. A consistent topic periodically addressed by e-Commerce systems is how to reduce the costs associated with these electronic transactions, such that it is of minimal detriment to the growth in the volume of transactions that are conducted online. This question is of particular interest in the area of micro-payments, where the cost of the transaction is a significant percentage of the total cost of the goods exchanged between the merchant and the buyer. This paper proposes a novel architecture and associated artifacts for online payment processing providers and their client applications (online order capture and processing systems, payment capture and processing systems, and other online-based merchant software). New data structures, message exchange patterns and optimization algorithms are developed to support this new paradigm. These artifacts are molded following the concepts defined by the Autonomic Computing and Intelligent Agents disciplines.


Autonomic Computing Autonomic Manager Payment Provider Payment Processing Payment Transaction 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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  1. [IBMAC]
    IBM Corporation. An Architectural Blueprint for Autonomic Computing (October 2004),
  2. [MUWS]
    OASIS Standards Consortium. Management Using Web Services, Parts 1 and 2 (December 2004),
  3. [UML]
    OMG – Object Management Group. Unified Modeling Language, Version 2.0,
  4. [MICRO]
    World Wide Web Consortium. Micropayments Overview,
  5. [MC]
    Payment Service Provider. MasterCard,
  6. [VISA]
  7. [SET]
    Payment Service Provider. SET – Secure Electronic Transactions,
  8. [ACH]
    Payment Service Provider. ACH – Automated Clearing House,
  9. [PAYPAL]
    Payment Service Provider. PayPal,
  10. [CYBER]
    Payment Service Provider. CyberSource,
  11. [PARA]
    Payment Service Provider. ParaData,
  12. [VS]
    Payment Service Provider. VeriSign,
  13. [FIRST]
    Payment Service Provider. FirstData,
  14. [CITI]
    Payment Service Provider. CitiBank,

Copyright information

© Springer-Verlag Berlin Heidelberg 2006

Authors and Affiliations

  • Marcelo Perazolo
    • 1
  • Carlos Hoyos
    • 1
  • Viswanath Srikanth
    • 1
  1. 1.IBM CorporationDurhamUSA

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