1. Evaluating the security of available payment methods
The Way to Pay
Evaluating the security of available payment methods
David Yienger

2. Evaluation Criteria Ease of Use Acceptance Rate Learning Curve
Security!

3. Smart Cards Use imbedded chip instead of traditional magnetic stripe
Unique ability to store large amounts of data
On-card encryption
Digital Signature
Attacks require significant equipment and expertise
Differential Power Analysis
Timing Attack
Reverse Engineering - Destructive

4. Electronic Check Check cashing in a hassle-free way
Avoids fees of credit card processing
Some companies promote eCheck use by passing this saving to the consumer
Captures the information held on a standard check
Processed as single debit transaction
Difficult to dispute a deposited check
Would only lose the check, not an entire account!

5. Bit Coin Electronic, anonymous currency
Lack of central authority results in constantly fluctuating transfer rate
Slowly gaining acceptance
Based on mathematics
Fixed amount released, but can be broken into smaller segments
User Encryption largely varies

6. The Field Credit Card Common target for fraud
Digital Cash Combination of debit account with anonymity of cash Lacking widespread acceptance
Cash Belongs to the holder

7. References and Resources

8. The End