E-payment System Research Articles

Implementation of number plate detection system for vehicle registration using IOT and recognition using CNN

In the intelligent transportation system the automatic license plate recognition and detection plays a very important role. This application could be used for traffic control security e-payment systems in the toll pay and parking. Many algorithms have been developed to force license plate detection and recognition and all have many advantages and flaws under different situations. With the advent and rise of deep learning concepts in various fields of artificial intelligence, computer vision has developed in leaps and bounds in terms of innovations and methods. Automatic License Plate Recognition has emerged as an effective method to automate the watch keeping process for traffic systems, parking fee structures, and police surveillance. License plate recognition (LPR) is a quite used and mature technology but much work is needed to be done in order to make it perfect. In recent years, the scientific community has made major advances in methodology and performance. This paper tries to aim at summarizing and analyzing various methodologies and progress in LPR in the deep learning era using IOT sensors. Hence, in this paper, an Automatic License Plate Detection and Recognition (ALPDR) system has been proposed having four steps namely License Plate Extraction, Image Pre-processing, Character Segmentation and Character Recognition. For the first three steps (extraction, pre-processing, and segmentation), unique methods have been proposed. As the character recognition is an important step of license plate recognition and detection, four different methods for character recognition have been experimented on, which include Convolution Neural Network (CNN), MobileNet, Inception V3, ResNet 50.

CREDIT CARD FRAUD DETECTION USING MACHINE-LEARNING

The recent advances of e-commerce and e-payment systems have sparked an increase in financial fraud cases such as credit card fraud. It is therefore crucial to implement mechanisms that can detect the credit card fraud. Features of credit card frauds play important role when machine learning is used for credit card fraud detection, and they must be chosen properly. This paper proposes a machine learning (ML) based credit card fraud detection engine using ML classifiers: Decision Tree (DT), Logistic Regression (LR), Artificial Neural Network (ANN). To validate the performance, the proposed credit card fraud detection engine is evaluated using a dataset generated from European cardholders. The result demonstrated that our proposed approach outperforms existing systems.

Acceptance of Zakat E-payment System: A Perception of Undergraduates

Zakat E-payment is one of the product innovations that is a widely spread method to facilitate the contribution of zakat in the present world. Online payment is an important method of transaction widely practiced across the globe. Due to its flexibility and convenience, it has been a popular payment method recently, especially in critical religious matters such as zakat, one of the pillars of Islam. The main objective of the study is to analyse the acceptance of the zakat e-payment system from the perception of undergraduates as they are potential payors in the future as they enter the workforce. Specifically, factors influencing the acceptance of zakat e-payment will be determined. The study’s conceptual framework is based on the Theory of Acceptance (TAM), where six variables or constructs, namely financial literacy (FL), perceived usefulness (PU), Perceived Ease of Use (PEU), Enjoyment (ENJ), Attitude (ATT) and Behavioural Intention (BI). This cross-section study employs a data set comprising 210 undergraduate students. Data was collected using a close-ended questionnaire. The results, among others, recommend that zakat e-payment system providers modify or create highly usable applications. Therefore, marketing initiatives should focus on promoting these zakat e-payment system characteristics.

Millennial and Generation Z Online Purchasing Decisions on Indonesian Marketplace

The COVID-19 epidemic, as well as advancements in information technology, have both led to a shift in consumer behavior, with consumers increasingly preferring to purchase things online. This study is an explanatory study that aims to evaluate the impact of e-customer reviews, e-customer ratings, and e-payment on the online purchase decisions of Millennials and Generation Z in Indonesian marketplaces. The populations studied in this research include the Millennial Generation and Generation Z, both of which purchase products from Indonesian marketplaces in unknown, large numbers. Purposive sampling was employed in this investigation to gather 420 samples that fulfilled the specific criteria used in this study. This study employed a questionnaire to collect data, which was emailed using Google Forms and distributed between December 8, 2022, and January 16, 2023. According to the findings of this research, e-customer reviews have no impact on online purchasing decisions. In contrast, this study shows that e-customer ratings have an impact on online purchasing decisions. Finally, this research discovered that e-payment affected online purchasing decisions. The findings of this study are crucial because they provide insight into the preferences and attitudes of Generation Z and Millennials about e-customer reviews, e-customer ratings, and e-payment systems.

Can Cryptocurrency Be a Payment Method in a Developing Economy?

This study sought to understand the factors driving the consumer adoption of a cryptocurrency, in particular Bitcoin, as an electronic payment (e-payment) system for electronic commerce (e-commerce) transactions within a developing economy such as South Africa. The advent of e-commerce has led to increased online transactions facilitated by e-payment systems, which can fall prey to opportunistic hackers. Cryptocurrencies have been pegged as a solution to this security issue. However, little is currently known around consumer propensity to use a cryptocurrency as an e-payment option, particularly within a developing economy. The investigated factors that could influence user adoption were based on literature and tested on a South African representative sample of 814 respondents. Of the factors identified from literature, the study found that “perceived usefulness and perceived ease of use,” “self-efficacy,” “awareness,” “trust,” and “security” have the most significant influence on South African consumers adopting a cryptocurrency as an e-payment system.

Moderating Role of Financial Development on the Relationship Between Tax Revenue and Economic Development of Nigeria

This study examined the moderating role of financial development on relationship between direct tax revenue and economic development in Nigeria. The specific objectives were to investigate the relationship between personal income tax, company income tax and petroleum profit tax on human development index and per capita income and the moderating effect of financial development on direct taxes and economic development of Nigeria. The study anchored on benefit theory of taxation while correlational and ex-post facto research designs were adopted for the study. The population of the study was direct taxes revenue data and economic development in Nigeria from 1991 to 2020 and secondary data were sourced from Annual statistical bulletin of CBN, Federal Inland Revenue service (FIRS) and National Bureau of Statistics. The secondary data were analysed using univariate, bivariate and multivariate analysis. The result of the multiple regression shows that personal income tax, company income tax and petroleum profit tax positively and significantly influence economic development in Nigeria. Also, financial development positively and significantly moderates the relationship between direct taxes and economic development. Consequently, the study concludes that the level of financial development affects the revenue generation potentials through direct taxes for the economic development of Nigeria. Hence, the study recommends among others that government parastatals, multinationals, conglomerates and companies in the country should not engage any vendor who does not have a TIN number. This will go a long way in reducing tax evasion; taxes should be remitted via an e-payment system or via direct payment to the various tax authorities’ accounts.

E-payment Administration and the Growth of Small and Medium Enterprises (SMEs) in Southeast Nigeria: An Evaluation of Cashless Policy

Nigerian payment systems are cash based although the use of electronic payment system such as online banking services, automated teller machine services and the mobile banking services started gradually in 2011 with the introduction of cashless policy, which became operational in 2023. This study examined the impact of the cashless policy of the government on the performance of small-scale enterprises in Southeast – Nigeria. It explored the availability of required e-payment facilities, the effectiveness of e-payment administration, and the impact of cashless policy on the performance of SMEs in the region. Descriptive survey design and researcher’s designed questionnaire were adopted to generate data from 500 respondents that were randomly chosen from five states in southeast Nigeria, while statistics of percentages, and SPSS tools were used to analysis the data. Results of the analysis reveal inadequate supply of e-payment facilities and lack of IT skills for managing e-payment transactions among majority of the respondents. In addition, it revealed the ineffectiveness of e-payment system in the management of SMEs with significant negative impact on the performances of SMEs in southeast Nigeria. Among others, the paper recommends awareness creation and sensitization about the cashless economy, and adequate provision or the modernisation of e-payment facilities to ensure the effectiveness of the policy.

E-Payment Acceptance Among German Millennials: Perception and Demographic Background

During the last twenty years, the growth of the internet and its ability to facilitate e-commerce transactions has had a profound impact on the way business is done by both corporations and individuals (Herhausen et al., 2015; Jeffus et al., 2017). The unprecedented growth of e-commerce has driven the creation of new payment systems to transfer funds electronically from person-to-person or person-to-business (Teoh et al., 2013; Sumanjeet, 2009). The intent of this research is to explore the factors surrounding e-payment use in specific geographical regions to provide a better understanding of that regions e-payment behaviors. This research centers on German millennials, how they value e-payment, and what factors influence their acceptance of electronic funds transfer technology. To reach this goal, a survey was conducted with German millennials exploring what behavior affects their usage of e-payment systems. The results of this survey can provide insights to understand attitudes and behaviors of young generations in their e-payment. The results of this exploratory study center on the descriptive statistics of the respondents.

E-PAYMENT SYSTEM (EPS) AND EFFICIENCY OF BANKS IN NIGERIA

This study examines the effect of e-payment system (EPS) on the efficiency of banks in Nigeria. Specific objectives are to determine the implication of mobile payment, Automated Teller Machine (ATM) and POS on the efficiency of Nigerian banks, by collating data Central Bank of Nigeria (CBN), from the year 2012 to 2016. A linear regression analysis was used via SPSS to carry out the analysis, at a significance level of 0.05. The result of the analysis obtained a P-Value significance of 0.333 which connotes that there is no discernible effect of EPS on the efficiency of banking in Nigeria. The study recommended that Banks and other financial institutions should intensity efforts in mounting other e-payment channels to promote trade and commerce in Nigeria and the CBN should embark on intensive campaign for complete adoption of e- payments products especially at the grassroots.
 Keywords: Electronic, Payment, System, Mobile and Efficiency.

A Study on Factors Influencing the Use of Digital Wallet and Customer Loyalty in E-Payment System: Assessing the Mediating Role of Customer Satisfaction

A Study on Factors Influencing the Use of Digital Wallet and Customer Loyalty in E-Payment System: Assessing the Mediating Role of Customer Satisfaction

Predicting Customer Intention Towards E-Payment Systems in Online Retailers

Predicting Customer Intention Towards E-Payment Systems in Online Retailers

Risks, Opportunities and Challenges of E-payment System: The Social Cash Transfer Program in Thyolo District.

Risks, Opportunities and Challenges of E-payment System: The Social Cash Transfer Program in Thyolo District.

Digital Transformation: Optimizing the Use of E-Payment Gateways for MSME Performance

The development of the times and the rapid progress of the economy in Indonesia has made the business world currently required to take strategic steps in order to compete with other businesses, especially Micro, Small and Medium Enterprises (MSMEs). The e-payment system makes it possible to provide convenience in transactions rather than using cash. In addition to increasing payment efficiency, increasing customer loyalty and further increasing the effectiveness and efficiency of time. This study aims to analyze the effect of e-payment gateways on the performance of MSMEs in the food and beverage sector in Pangkalpinang City. The method used in this study is a quantitative method with a sample of MSME actors in the food and beverage sector in Pangkalpinang City, totaling 100 respondents. The data analysis tool used in this study used SPSS Version 24 with multiple linear regression tests. Based on the research results, it can be concluded that e-payment has a positive and significant effect on the performance of micro, small and medium enterprises because e-payment activities are able to provide convenience for transactions, increase time efficiency and effectiveness, reduce costs required for various payment documents that are done manually.

Innovating E-Payment System to Boost Marketing of Entrepreneurial Products: Case of Pan-African Payment and Settlement System (PAPSS)

Innovating E-Payment System to Boost Marketing of Entrepreneurial Products: Case of Pan-African Payment and Settlement System (PAPSS)

Perceived Security of E-Payment System and Reduction in Incidence of Fraud in Kwara State Internal Revenue Service, Nigeria

<p class="Default">Globally, governments have been embracing e-payment system to fast-track revenue collection, and to equally minimize incidence of fraud. However, a major threat to the smooth operation of e-payment in Nigeria is security related issues. Therefore, this study examined perceived security and incidence of fraud, with particular reference to Kwara State Internal Revenue Service (KWIRS), Nigeria. The study obtained a sample of 285 from a population of 996. The findings demonstrated that perceived security dimensions strongly contributed to reduction in incidence of fraud. The study concludes that improvements in e-payment system security, particularly with regard to trust issues, have a significant impact on the amount of fraud reduction in KWIRS. It is recommended that the government ensure the expansion of the country's e-payment system, which necessitates adequate collaboration with the private sector in expanding the existing internet facilities, in order to improve the convenience of use and safety for users<em>. </em>

Consumer Perception toward Digital Payment System

In the modern world, where the current electronic payment system is replacing the traditional payment method, the e-payment system is becoming popular among the new generation and gaining popularity among the older generation. With the gain of popularity, security, and privacy issues are also increasing. The study examined the impact of security and privacy on customers’ trust in the case of the e-payment system and its resultant effect on customers’ perceived Quality. Descriptive research has been conducted using online responses from 390 customers using e-payment. The study also examined the impact of perceived ease of use and usefulness on perceived quality. The collected data was analyzed by using the structural model and measurement model. The study concluded that trust depends on the security and privacy factor, where privacy and security strongly impact customers’ trust in the e-payment platform. And it is also concluded that trust positively impacts customers’ perceived quality of the e-payment platform. In Nepal, security and privacy issues are increasing with the increased use of e-payment platforms, so security and privacy are significant factors to consider. Also, Perceived ease of use and usefulness positively impact customers’ perceived quality of the system for online transactions.

Predictors of Users' Satisfaction with E-payment System: An Empirical Evidence from Balochistan

This study suggests a research model to explain how the independent variables relate to one another(perceived security, perceived speed of e-payment, perceived ease of payment, convenience, anonymity, traceability) and dependent variable (satisfaction with e-payment) to see if the academic and nonacademic employees' satisfaction level is increased or decreased with the use of electronic payment system. To find out the links among the aforementioned variables, the present study disseminated questionnaire among 350 employees including the teaching and non-teaching staff of four universities i.e. University of Balochistan, BUITEMS, University of Loralai, and University of Turbat. In the present study, convenience sampling was employed.. In the current study, 219 responses were recorded using a convenience sampling method for data collection. The descriptive data analysis was done using SPSS. Partial least squares structural equation modeling (PLS-SEM) was utilized to analyze the hypothesized model and found full support for all the hypotheses of this study. The outcome of the study reveals that the employees get satisfied when they get their salaries and other transactions through a proper E-Payment system. The employees can use these services while travelling or at home or sitting at their offices. Therefore, it really sounds beneficial to use e-payment system in the modern era. This study also checked that what else e-payment value-added services are desired by the employees. Based on such contribution, this study focused on exploring the users' satisfaction through e-payment system. The work presents future directions for research as well as theoretical and practical consequences.

Computational solution of advanced stochastic time-delay differential equations using hybrid block extended Adams Moulton methods for customer’s satisfaction when using electronic payment systems in Nigerian banks

This study examined the implementation of Hybrid Block Extended Adams Moulton Methods (HBEAMM) for the computational solution of Advanced Stochastic Time-Delay Differential Equations (ASTDDEs) through the use of various electronic payment systems such as ATM, POS and internet banking offered by the Nigerian banks. This work attempts to proffer solution to customer challenges in using the ATM of most banks in Nigeria. The challenges are considered in this work as capable of resulting to advanced time-delay and volatility noise. It is therefore modeled as advanced stochastic time-delay differential equation (ASTDDE) and solved using Hybrid Extended Block Adams Moulton Methods (HEBAMMs). The discrete schemes of the proposed method (HBEAMM) were obtained by continuous formulations of multistep collocation method by matrix inversion approach. The necessary and sufficient conditions for convergence and stability of the method were analyzed and proved satisfactory. The discrete schemes obtained were applied in solving some advanced stochastic time-delay differential equations and the results obtained revealed the degree of customers’ satisfaction in the use of e-payment systems. The accuracy of the method is compared with other existing methods and presented graphically to prove its superiority.

Instant Payment Framework Based on Blockchain Technology and Open API Architecture to Improve the E-Payment System of The Local Banks in Egypt

Instant Payment Framework Based on Blockchain Technology and Open API Architecture to Improve the E-Payment System of The Local Banks in Egypt

Jakarta F&amp;B Merchants’ Adoption of the E-Payment Gateway System

With the increase of various e-payment service providers, Foods and Beverages (F&amp;B) merchants in Jakarta, especially Small and Medium-Sized Enterprises (SMEs), are encouraged to adopt e-payment systems for their businesses. However, the adoption is still considered low compared to the number of SMEs in the F&amp;B industry in Jakarta. This paper acts as a preliminary study and uses the technology acceptance model on F&amp;B SMEs in Jakarta to analyze the descriptive statistics of 31 respondents in the five cities of Jakarta. The results include the reliability and validity of the instrument, the descriptive statistics measure of frequency, central tendency, and dispersion of variation.