Micropayment systems

Micropayments are a payment scheme that emphasise the ability to make payments in small amounts. Several micropayment schemes have been suggested in this Week's materials, including Millicent, PayWord and MicroMint, among others. For additional information you can read W3C (1999). In this Assignment you will evaluate one such micropayment system.

Reference:

W3C. (1999) Common markup for Web micropayment systems [Online]. Available from: http://www.w3.org/TR/1999/WD-Micropayment-Markup-19990609/ (Accessed: 20 October 2014).

To complete this Assignment:

Choose one of the micropayment systems covered in this Week's materials. Briefly describe how it works. Evaluate the quality of security offered by this micropayment system.

For all Assignments:

Your document should have 750-1,000 words (not including the list of works cited), but it is the quality of the answer that matters, not the number of words. Cite and reference all sources use the Harvard Liverpool Referencing System. By Day 7, upload your document using the Turnitin submission link for this Assignment.