Skip to main content

Micropayments Revisited

  • Conference paper
  • First Online:

Part of the book series: Lecture Notes in Computer Science ((LNCS,volume 2271))

Abstract

We present new micropayment schemes that are more efficient and user friendly than previous ones.

These schemes reduce bank processing costs by several orders of magnitude, while preserving a simple interface for both users and merchants. The schemes utilize a probabilistic deposit protocol that, in some of the schemes, may be entirely hidden from the users.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. W. Alexi, B. Chor, O. Goldreich, and C. P. Schnorr. Rsa/rabin functions: Certain parts are as hard as the whole. SIAM Journal on Computing, 17(2):194–209, June 13 1988.

    Article  MATH  MathSciNet  Google Scholar 

  2. Ross Anderson, Harry Manifavas, and Chris Sutherland. NetCard-A practical electronic cash system. In Proceedings Fourth Cambridge Workshop on Security Protocols, volume 1189 of Lecture Notes in Computer Science. Springer, 1996.

    Google Scholar 

  3. Shimon Even, Oded Goldreich, and Silvio Micali. On-line/off-line digital signatures. In Gilles Brassard, editor, Advances in Cryptology-Crypto’ 89, pages 263–277, Berlin, 1989. Springer-Verlag. Lecture Notes in Computer Science Volume 435.

    Google Scholar 

  4. Phillip Hallam-Baker. W3C payments resources, 1995. http://www.w3.org/hypertext/WWW/Payments/overview.html.

  5. Ralf Hauser, Michael Steiner, and Michael Waidner. Micro-payments based on iKP. Technical Report 2791 (# 89269), June 1996.

    Google Scholar 

  6. Stanislaw Jarecki and Andrew Odlyzko. An efficient micropayment scheme based on probabilistic polling. In Proceedings 1997 Financial Cryptography Conference, volume 1318 of Lecture Notes in Computer Science, pages 173–191, Springer, 1997.

    Google Scholar 

  7. Charanjit Jutla and Moti Yung. PayTree: “amortized-signature” for fiexible MicroPayments. In Proceedings of the Second USENIX Workshop on Electronic Commerce, pages 213–221. USENIX, 1996.

    Google Scholar 

  8. Laurie Law, Susan Sabett, and Jerry Solinas. How to make a mint: the cryptography of anonymous electronic cash. National Security Agency, Office of Information Security Research and Technology, Cryptology Division, June 1996.

    Google Scholar 

  9. Richard J. Lipton and Rafail Ostrovsky. Micro-payments via efficient coin-flipping. In Proceedings of Second Financial Cryptography Conference,’ 98, volume 1465 of Lecture Notes in Computer Science LNCS, pages 1–15, February 1998.

    Google Scholar 

  10. Mark S. Manasse. Millicent (electronic microcommerce), 1995. http://www.research.digital.com/SRC/personal/Mark_Manasse/uncommon/ucom.html.

  11. S. Micali, M. Rabin, and S. Vadhan. Verifiable random functions. In Proc. 40th Symp. on Foundations of Computer Science, pages 120–130, October 1999.

    Google Scholar 

  12. Silvio Micali. Certified e-mail with invisible post offices. In Proceedings RSA97, San Francisco, CA, January 1997. Also, U.S. Patent No. 5,666,420.

    Google Scholar 

  13. Silvio Micali. Efficient certificate revocation. In Proceedings RSA97, San Francisco, CA, January 1997. Also U.S. Patent No. 5,666,416.

    Google Scholar 

  14. Torben P. Pedersen. Electronic payments of small amounts. Technical Report DAIMI PB-495, Aarhus University, Computer Science Department, Århus, Denmark, August 1995.

    Google Scholar 

  15. Ronald L. Rivest. Electronic lottery tickets as micropayments. In Proceedings of Financial Cryptography’ 97, volume 1318 of Lecture Notes in Computer Science, pages 307–314. Springer, 1997. (Available as http://theory.lcs.mit.edu/~rivest/lottery.pdf).

    Google Scholar 

  16. Ronald L. Rivest and Adi Shamir. PayWord and MicroMint-two simple micropayment schemes. In Mark Lomas, editor, Proceedings of 1996 International Workshop on Security Protocols, volume 1189 of Lecture Notes in Computer Science, pages 69–87. Springer, 1997. (Also available in Crypto-Bytes, volume 2, number 1 (RSA Laboratories, Spring 1996), 7-11, and at http://theory.lcs.mit.edu/~rivest/RivestShamir-mpay.pdf).

    Google Scholar 

  17. Adi Shamir, 2001. Personal communication.

    Google Scholar 

  18. W3C. Micropayments overview. http://www.w3.org/ECommerce/Micropayments/.

  19. David Wheeler. Transactions using bets. In Mark Lomas, editor, Security Protocols, volume 1189 of Lecture Notes in Computer Science, pages 89–92. Springer, 1996. (Also available by ftp from the server http://ftp.cl.cam.ac.ukas/users/djw3/tub.ps.).

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2002 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Micali, S., Rivest, R.L. (2002). Micropayments Revisited. In: Preneel, B. (eds) Topics in Cryptology — CT-RSA 2002. CT-RSA 2002. Lecture Notes in Computer Science, vol 2271. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-45760-7_11

Download citation

  • DOI: https://doi.org/10.1007/3-540-45760-7_11

  • Published:

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-43224-1

  • Online ISBN: 978-3-540-45760-2

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics