Empirical Study in the Security of Electronic Payment Systems

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Executive Summary

The financial institutions seek to cut the cost of mediators through direct deal with the consumers and share information with the Internet users as well as encourage customers to pay on-line. One of the main problems faced by Organizations in terms of dealing and paying on-line that Internet users are worried and unwilling to send sensitive information through the Internet. In fact customers are scared that during the transactions hackers and Internet interlopers will steal their information.

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