International Journal of Computer Applications
There is an increased activity in research and development conducted to improve current payment systems in parallel with the progress of Internet. Signcryption combines the functionalities of encryption and digital signing in a single logical step. It is a cryptographic primitive that provides confidentiality, integrity, authentication and non-repudiation. Identity-based cryptography serves as an efficient alternative to the traditional certificate-based cryptosystems. This paper introduces an efficient electronic payment system based on signcryption without bilinear pairings. This e-cash system is more efficient than other schemes employing bilinear pairings and involves less computational cost.