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Commerce on the Internet is briskly expanding, but consumers
and
merchants alike are looking for methods to speed the evolution of the
online commercial environment into a dominant force for commercial
activity. The eminent concern is secure payments. Many consumers
remain reluctant to make purchases over the Internet, but let the
facts speak for themselves.
According to the Hermes project, security concerns make
up sixty
percent of consumers primary reason for not purchasing online, and
women are over seventy percent less likely to buy than their male
counterparts. Forrester purports that even though eighty-four percent
of companies accept credit card payments online through some form of
secure technology, consumers don't really believe that e-commerce
transactions are safe. Comparatively speaking, experts say that every
time you pay with a credit card at a store, in a restaurant, or on the
telephone, you make yourself vulnerable to fraud. Unlike most offline
credit card purchases, online transactions can be encrypted,
protecting the information as it travels over the Internet.
Discussion on safety issues surrounding Electronic Commerce
can be
academic, involved and lengthy. Following are some of the most
comprehensive analysis's on the Internet.
http://www.hp.co.uk/projects/vishnu/main.html
An electronic business project of Hewlett-Packard on financial
transaction models in the electronic world.
http://www.digicash.com
The company that pioneered development of electronic payment
mechanisms for open, closed, and network systems that provide security
and privacy.
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