Third-party Payment Platform Research Articles

Vulnerability Evaluation Method for E-Commerce Transaction Systems With Unobservable Transitions

E-commerce transaction systems have become an important factor in trading activities. However, e-commerce systems are still undergoing development. Unobservable actions and attacks on systems are frequent problems that increase the vulnerability of e-commerce systems. Most existing approaches to addressing these issues cannot describe or analyze the overall structure of a local specification and unobservable actions well. The vulnerable e-commerce transaction net (VET-net) is a useful model for describing the unobservable actions, online transactions and third-party payment platforms of e-commerce systems. Based on a VET-net, we focus on the detection and evaluation of e-commerce transaction systems to attacks. We propose the concept of vulnerable transitions, which include not only vulnerable actions but also unobservable transitions. Then, we use an improved slice method to locate the vulnerable transitions. For these vulnerable transitions, we propose a vulnerable transition evaluation method based on a hidden Markov model along with a reachability graph (HMM-RG). The HMM-RG uses hidden Markov models (HMMs) to approximate the state reachability graph of a VET-net. By calculating the firing probability, the HMM-RG can evaluate the vulnerability degree of malicious states. We use a real-world case to show our method’s effectiveness and reasonability.

Research on current situation, risk and Control Strategy of Third-Party payment in China

With the rapid development of third-party payment in China, platform operation safety has become the most concerned issue. Based on the analysis of the expansion of third-party payment business in China, the scale of users and the scale of payment transactions, this paper explores the operational risks of the third-party payment platform in China. The influence factors of risk and the evolution of causality are analysed. On this basis, how to control the third party payment risk is discussed.

Research on Two Decision Models in Third-Party Payment Platform Transaction

In transaction platform, because of competing for market share, this will inevitably bring a series of problems and risks for companies. Decision of the managers and consumers in third-party payment platform, are issue of great concern to platform development. Using rough set theory, this paper constructs the third-party payment platform transaction’s rough complex network, establishes a rough complex networks trust model for platform managers to enhance efficiency, a customer select commodities rough decision model for customer’s benefit maximization. In this paper, rough set theory is used to study the uncertainty of complex network trust model, but also given attribute reduction algorithm based on time series analysis to solve the attribute rules extraction in dynamic knowledge system. Simulation examples show that the models and algorithms provide the science decision-making approach for a direct participant of the platform transaction.

Foreign Students’ Intention towards a China’s Third Party Mobile and Online Payment Platform Based on Alipay

As the times progressed, so many features of smartphones that are developed by producers in manufactures. Hardware and software are fused to deliver comfort and increase the productivity of users’ smartphone. The example of software that can help users for a convenient transaction is Alipay and Wechat Pay, a China’s third-party mobile and online payment platform developed by Alibaba Group and Tencent respectively. This research aimed to observe ex-pats’ motives in the use of a Chinese third-party online payment platform with the sample was some foreign students in Nanjing as the Alipay users. Based on Unified Theory and Acceptance and Use of Technology (UTAUT) which consists four key constructs (effort expectancy, performance expectancy, social influence, and facilitating conditions), the results found that behavioral intentions were significantly carried out by effort expectancy, performance expectancy, and facilitating conditions, while social influence factors were found to be insignificant.

Real Money, Real Me: Life Told by Third-party Mobile Payment Platforms

Platforms are constantly shaping online identities. The third-party mobile payment solution is one of the latest technological innovations that have redefined how we lead our lives today. The popularity of third-party mobile payment in China allows platforms greater data power to present users’ identities either as individual consumers or as members of a consumption community. This article first introduces the background and data features of third-party mobile payment platforms. It then concentrates on the two dominant platforms, Alipay and WeChat Pay, to demonstrate their different monetary approaches to user identities, characterized respectively by personal finance and by collective belonging. Finally it will discuss in brief further implications, including the possibility of a unified on/offline identity, the identification of an online user, and the issue of privacy protection.

Study on core essential elements for O2O business model with value net theory

The O2O business model concept was given based on literature review. The O2O business model framework was established and the most basic seven major elements were identified in our research with value net theory as follow: customer, telecom operator, content provider, service provider, software provider, third-party payment platform and offline business entity. Then, we identified eight secondary elements and 22 three-level elements of O2O business model with Delphi, and the O2O business model core essential elements evaluation model was also established. We analysed the model systematically and figured out top ten core elements with analytic network process as follow: network speed and stability, mining the customer subject requirements, insight to customer demand, control the trading risk, the core technology research and development, the life service payment platform, after payment platform, financial services platform development, outburst requirements fulfilment and maintenance of direct correlation among enterprises. The top ten elements mainly concentrated in four dimensions as follow: customer, telecom operators, third-party payment platform, and software providers. We hope that the research can provide enlightenment to O2O business model essence and insight to O2O future trends.

Study on core essential elements for O2O business model with value net theory

The O2O business model concept was given based on literature review. The O2O business model framework was established and the most basic seven major elements were identified in our research with value net theory as follow: customer, telecom operator, content provider, service provider, software provider, third-party payment platform and offline business entity. Then, we identified eight secondary elements and 22 three-level elements of O2O business model with Delphi, and the O2O business model core essential elements evaluation model was also established. We analysed the model systematically and figured out top ten core elements with analytic network process as follow: network speed and stability, mining the customer subject requirements, insight to customer demand, control the trading risk, the core technology research and development, the life service payment platform, after payment platform, financial services platform development, outburst requirements fulfilment and maintenance of direct correlation among enterprises. The top ten elements mainly concentrated in four dimensions as follow: customer, telecom operators, third-party payment platform, and software providers. We hope that the research can provide enlightenment to O2O business model essence and insight to O2O future trends.

The intermediate effects of third-party payment platform in China

The purpose of this paper is to discuss the consumer behaviour of third-party payment (TPP) in China, and the intermediate effects for the quality variables of TPP platform, which are its platform conveniences, applications conveniences, and social networks, from consumers' perceived values and risks of TPP to the consumer TPP behaviour. Furthermore, this paper tries to analyse the moderated effects of people's gender, age and monthly income on their TPP behaviour and the above intermediate effects. According to the results of a questionnaire survey in China and their statistical analysis, respondents' TPP behaviour variables are their average TPP frequency is three times a day, and their average TPP amount is RMB 1,664 a month. It is found that the intermediate effects for the quality variables of TPP platform are significant. What is more, it is proven that the gender, age, and monthly income of people would moderate their TPP behaviour and the intermediate effects for the application conveniences and social networks of TPP platform.

The intermediate effects of third-party payment platform in China

The intermediate effects of third-party payment platform in China

Antecedents of trust and continuance intention in mobile payment platforms: The moderating effect of gender

Abstract Drawing upon trust and innovation diffusion theories, our study develops a model to examine trust building mechanisms in the third-party mobile payment platforms. In particular, we investigate whether there exist significant differences between female and male consumers regarding various trust building mechanisms in the context of mobile payment. An empirical survey was conducted and 740 valid questionnaires were collected from Alipay and Wechat pay users in China. The statistical analysis results indicate that security is the most significant antecedent of customers’ trust, followed by platform reputation, mobility and customization. Customers’ trust, in turn, is negatively associated with perceived risk and positively associated with continuance intention. Moreover, a multi-group analysis shows that the relative influences of trust building mechanisms are contingent upon gender. Specifically, mobility and reputation have stronger influences for male customers in building trust, while security and customization have more salient effects on trust for female customers.

Integrating context-awareness and UTAUT to explain Alipay user adoption

Due to its advantages, Alipay has become one of the largest third-party payment platforms in China. However, Alipay is also confronted with dual challenges from inherent technology to external competition. In fact, Alipay user adoption is determined not only by perception of the technology but also by the context-awareness. In other words, even though a technology may be perceived as being advanced, if it cannot use the context to provide relevant information or services, they may not adopt it. By integrating the context-awareness and the unified theory of acceptance and usage of technology (UTAUT), this paper proposes a model of Alipay user adoption. We found that the relationship between the context and Alipay user adoption is mediated by performance expectancy and effort expectancy. While the relationship between the ubiquity and Alipay user adoption is only mediated by the performance expectancy.

Petri net-based methods for analyzing structural security in e-commerce business processes

The rapid development of e-commerce worldwide, means more e-commerce business processes adopting the structure of multiple participants; these include shopper clients, merchant and third-party payment platforms (TPPs), banks, and so on. It is a distributed and complex system, where communications among these participants rely on the web services and Application Programming Interfaces (APIs) such as Cashier-as-a-Service or CaaS. This introduces new security challenges due to complex interactions among multiple participants, and any design flaws in procedure structures may result in serious security issues. We study the structural security issues based on Petri nets, and a framework for analyzing structural security in e-commerce business process is proposed. Petri net-based modeling and analysis methods are also provided. Given the specifications of e-commerce business processes, the proposed methods can help designers analyze structural security issues of an e-commerce business process.

Analyzing E-Commerce Business Process Nets via Incidence Matrix and Reduction

E-commerce business process nets (EBPNs) are a novel formal model for describing and validating e-commerce systems including interactive parties such as shopper, merchant, and third-party payment platform. Data errors and nondeterminacy of the data states during the trading process can be depicted with the help of EBPNs. However, the problem about how to analyze EBPNs remains largely open. To analyze their data-liveness, data-boundedness, and reachability, this paper presents two analysis methods. For EBPNs, reachability analysis is proposed based on a 3-D incidence matrix method. Additionally, reduction methods are proposed for a special EBPN. Finally, the validity and reliability of the proposed methods are illustrated via the examples of e-commerce systems.

Investigation on Accounting Treatment of the Thirdparty Payment Platform in Electronic Commerce

This paper firstly analyzes the current situation of China’s third-party payment platform and illustrates the differences of accounting treatments under the third-party payment mode and traditional payment mode; secondly, it concludes the problems of China’s third-party payment platform in the accounting treatment; finally, it proposes the reasonable countermeasures and suggestions to solve the problems in the accounting treatment of China’s third-party payment platform. People are more likely to choose the fast and convenient network platform to satisfy their demands of all aspects as the computer and network technologies develop; hence the E-commerce is born at the right moment. As an important component of E-commerce, the third-party payment platform has always on the move; the increasing transaction and business in all fields have brought forth the issues of accounting treatment. How to give full display to accounting to give a helping hand in the growth of the third-party payment platform has become a topic worth thinking about in the current Information Age.

Modeling and Verification of Online Shopping Business Processes by Considering Malicious Behavior Patterns

Recently, online shopping integrating third-party payment platforms (TPPs) introduces new security challenges due to complex interactions between Application Programming Interfaces (APIs) of Merchants and TPPs. Malicious clients may exploit security vulnerabilities by calling APIs in an arbitrary order or playing various roles. To deal with the security issue in the early stages of system development, this paper presents a formal method for modeling and verification of online shopping business processes with malicious behavior patterns considered based on Petri nets. We propose a formal model called E-commerce Business Process Net to model a normal online shopping business process that represent intended functions, and malicious behavior patterns representing a potential attack that violates the security goals at the requirement analysis phase. Then, we synthesize the normal business process and malicious behavior patterns by an incremental modeling method. According to the synthetic model, we analyze whether an online shopping business process is resistant to the known malicious behavior patterns. As a result, our approach can make the software design provably secured from the malicious attacks at process design time and, thus, reduces the difficulty and cost of modification for imperfect systems at the release phase. We demonstrate our approach through a case study.

Analyzing the Factors that Influence Development of Chinese Mobile Third-party Payment Platform: the Customers Perspective

Analyzing the Factors that Influence Development of Chinese Mobile Third-party Payment Platform: the Customers Perspective

The Study of Online Recharging for Campus Cards Based on the Third-Party Payment Platform

In order to enrich campus card recharging methods and improve the cardholders experience, this paper first briefly introduces the campus card online recharging modes based on the third-party payment platform, then analyzes the business processes of the self-help recharging mode and the automatic recharging mode, introduces the validation processes of the transactions, and expounds the fund flows and the double reconciliation mechanism at last.

Research of Third-Party E-Commerce Risk and Measures

The paper proposed a method that endogenous two-sided network effects were proved in transaction services that the value of services to suppliers (buyers) increases with increasing number of buyers (suppliers) while decreases with increasing number of suppliers (buyers). Network led to the development pace of peoples lives, promote the development of online shopping and the rise of third-party payment platform. For more benefits, the platform owner must aim at transaction services of staple commodities with high price elasticity and large quantities of market supply and demand, while reducing the marginal usage costs of buyers and suppliers with effective measures.

Modeling and Validating E-Commerce Business Process Based on Petri Nets

E-commerce and online shopping with a third-party payment platform have rapidly developed recently, and encountered many fault tolerance and security problems concerned by users. The causes of these problems include malicious behavior and imperfect business processes. The latter lead to the emergence of security vulnerabilities and loss of user funds which become more and more serious these years. We focus on the business process of e-commerce, and propose a formal model for constructing an e-commerce business process called an E-commerce Business Process Net. It integrates both data and control flows based on Petri nets. Rationality and transaction consistency are defined and validated to guarantee the transaction properties of an e-commerce business process. This paper offers a complete methodology for modeling and validating an e-commerce system with a third-party payment platform from the view point of a business process. Its use enables a designer to identify errors early in the design process and correct them before the deployment phase. In order to demonstrate the applicability and feasibility of the methodology, we have modeled and validated a real-world e-commerce business process and discovered the problems that cause the violation of transaction properties.