CFP last date
20 January 2025
Reseach Article

An Agent-based Decision Model for Electronic Payment System

by Rebecca Vincent
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 60 - Number 18
Year of Publication: 2012
Authors: Rebecca Vincent
10.5120/9795-4426

Rebecca Vincent . An Agent-based Decision Model for Electronic Payment System. International Journal of Computer Applications. 60, 18 ( December 2012), 32-36. DOI=10.5120/9795-4426

@article{ 10.5120/9795-4426,
author = { Rebecca Vincent },
title = { An Agent-based Decision Model for Electronic Payment System },
journal = { International Journal of Computer Applications },
issue_date = { December 2012 },
volume = { 60 },
number = { 18 },
month = { December },
year = { 2012 },
issn = { 0975-8887 },
pages = { 32-36 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume60/number18/9795-4426/ },
doi = { 10.5120/9795-4426 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T21:07:41.006988+05:30
%A Rebecca Vincent
%T An Agent-based Decision Model for Electronic Payment System
%J International Journal of Computer Applications
%@ 0975-8887
%V 60
%N 18
%P 32-36
%D 2012
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Customers agent sent into the network for shopping are always faced with some complex choices of products, prices and brands. This paper presents a supporting scheme to solve the problems faced by agent in decision making in purchasing online products. Our model consist consists of negotiating semantic for customer and merchant agent with possible advise in accordance to the user preferences and motivations. Investigations are made prior to the user's reactions to responses from the customer agent. A provision of decision trees indication merchant and customers view are also incorporated in the model. The results of the risk analysis with expected response shows that transaction risk reduces with increase in expected response.

References
  1. Kalakota, R. and Whinston, A. 1997. Electronic commerce: a manager's guide. Addison-Isley.
  2. Oscar, A. R. and Antonio F 2012. Payment Frameworks for the Purchase of Electronic Products and Services, Computer Standards and interfaces, 34, 80-92.
  3. Pedersen, P. E. 2000. Behavioural Effects of Using Software Agents for products and Merchant Brokering: An experimental Study of Consumer Decision making. International Journal of Electronic Commerce, 5, 125-141.
  4. Paul, S. and Ma Q. 2003. A Discussion of Ib-based Consumer Decision Support Systems (WCDSS) and their effectiveness. In: 9th Americas Conference on Information Systems (AMCIS) USA.
  5. Patel, K. P. 2006. Decision Support System Based E-Commerce Model and its Functioning. Management of Innovation and Technology, 1, 513 – 517.
  6. Hanzaee, I. and Alinejad H. 2012. An Investigation about Customers perceptions of Security and Trust in E-payment Systems Among Iranian online Customers, Journal of basic and Applied Scientific Research, 2,2, 1575-1581.
  7. Ngai, E. W. T. and Wat, F. K. T. 2005. Fuzzy Decision Support System for Risk Analysis in E-commerce Development. Decision Support Systems, 40, 2, 235-255.
  8. Ashrafi, M. Z. and Kiong S. N. 2009. Privacy-Preserving E-Payment using One-Time Payment Details. Computer Standards and Interfaces, 31, 321-328.
  9. Tsoukiàs, A. 2008. From Decision Theory to Decision Aiding Methodology. European Journal of Operational Research, vol. 187, 138-161.
  10. Pettenati, M. C. , Bussotti, P. , Parlanti, D. and Giuli, D. 2008. Trust-enabling decision support system for e-tourism intermediation, International Journal of Networking and Virtual Organisations 2008 -5, No. 3/4 , 275 - 299
  11. Xu, X. F. , Mo, T. and Wang Z. J. 2007. SMDA: A Service Model Driven Architecture", New Challenges and Approaches, Springer, London, 291-302.
  12. Petit C. and Maguad F. X. 2006. Multiagent Meta-Model for Strategic Decision Support. Knowlegde-Based Systems 19, 202-211.
  13. Austin, B. and Laurence B. 2011. Electronic Payment Systems development in a developing Country : the role of Institutional Arrangements, Journal of Information Systems in Developing Countries, 49, 3, 1-16.
  14. Jennings, N. R. and Woolbridge, M. 1998. Agents Technology: Foundations, applications and Markets", Springer-Verlag Berlin, Heldelberg Germany.
  15. Changsu, H. , Wang A. , Namchul P. and Ki-soo R. 2010. An Empirical study of Customers' Perceptions of Security and Trust in E-Payment systems, Electronic Commerce Research and Applications, 9, 84-95.
  16. Richarme, M. 2004. Consumer Decision-Making Models Strategies and Theories. Oh My! Decision Analyst.
  17. Rigopoulos, G. , Psarras, J. and Askounis D. 2005. . A Proposed Architecture for Intelligent Decision Support in Digital Payments Market Based on Multi-agents Simulation, IEEE Control and Automation, 2, 964-967.
  18. Al-Qaed F. and Satcliffe A. 2006. Adaptive Decision Support System (DSS) for B2C E-Commerce. In Proceeding of ICEC'06, Fredericton Canada, ACM 1-59593-392-1, 492-503.
  19. Spiliopoulou, M. , Pohle, C. , and Faulstich, L. C. , "Improving the Effectiveness of a web Site with web Usage Mining," In KDD'99 Workshop on web Usage Analysis and User Profiling IBKDD'99, B. Masand and M. Spiliopoulou, eds. , San Diego, CA: ACM, 1999.
Index Terms

Computer Science
Information Sciences

Keywords

E-payment Agents Decision Support System Transaction Risk and Transaction Validation