FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2993698535> ?p ?o ?g. }

• W2993698535 startingPage "46" @default.
• W2993698535 abstract "If banks take on as strong a role in payments made on the Internet as they do in the traditional payments world, they can make a lot of passing funds around and issuing credentials for consumers and merchants. On the other hand, if MCI, AT&T, or other companies decide banks are moving too slowly and that they've got to set up their own online payment system, they'll handle the profitable business and banks will end up just doing the back-end processing, warns Michael Karlin, president and chief operating officer of Security First Network Bank. If banks don't take the initiative, money will get sucked out of that piece of the business, says Karlin. A subsidiary of Cardinal Bancshares, Lexington, Ky., Security First's one location, an Internet site, was scheduled to open Oct. 18. In 1994, $4.6 trillion worth of retail and wholesale purchases were made around the world, according to research firm Killen Associates, Palo Alto, Calif., which recently produced a report on Internet commerce for MCI. About 13% of those purchases, $595 billion worth, were made remotely, by catalog, TV, electronic data interchange, and on-line networks including the Internet. All of these purchases will start gravitating toward the Internet during the next ten years. While actual Internet purchases were negligible last year, Killen projects that people and businesses will buy $600 billion in goods and services on the Internet in the year 2000 and $1.25 trillion in 2005. This is backed up by a survey consulting firm Global Concepts Inc., Atlanta, conducted for Visa, MasterCard, and Verifone. While only 32% of Internet users said they currently shop on the Internet, 90.7% said they plan to in the future. Killen estimates there will be seven billion Internet payments made in 2000 and 17 billion in 2005. Assuming a typical transaction fee of $1.50, the organizations that dominate Internet commerce will take in $11 billion in 2000 and $26 billion in 2005. (The costs will probably be 50% to 60% of that.) Both nonbanks and banks have a head start in the embryonic Internet retail payment system, which so far includes only credit card and off-line debit card payments. Such nonbank companies as First Virtual, CyberCash, Netscape, and Open Market are facilitating the card-based transactions. But banks' cardholder and merchant relationships are, so far, intact because the actual credit card clearing and settlement process is the same as it normally is. Except, that is, that the Internet provides new opportunities for hackers and others to steal credit card numbers and commit fraud. New types of payments are coming to the Internet: electronic checks, on-line debit, and electronic cash. The Global Concepts survey showed that Internet users want such options. Asked to rate on-line payment options one to five, the respondents ranked credit cards 3.66, digital cash 3.33, checking accounts 3.25, ATM cards 2.80, and prepaid cards 2.62. CREDIT CARDS Cybershoppers currently can only pay for Internet items with credit cards or with MasterCard and Visa debit cards. They can type their credit card number on the Internet and take the risk that another Internet user will see it. They can also use some type of security. The first company to provide secure credit card transactions over the Internet, First Virtual Holdings, Inc., San Diego, has been growing 15% a week since February and the company has signed up 750 merchants. Its acquiring bank for now is First USA, although it wants to establish relationships with other banks. First Virtual holds card and payment information away from the Internet, so the consumer never passes a credit card number over the Internet, only a password. Consumers register credit card information with First Virtual by phone or e-mail, and it verifies this information and subsequent purchases by e-mail. The company is beginning to use digital signatures with its authorization messages. …" @default.
• W2993698535 created "2019-12-13" @default.
• W2993698535 creator A5062623504 @default.
• W2993698535 date "1995-11-01" @default.
• W2993698535 modified "2023-09-23" @default.
• W2993698535 title "Payments on the 'Net: How Many? How Safe?" @default.
• W2993698535 hasPublicationYear "1995" @default.
• W2993698535 type Work @default.
• W2993698535 sameAs 2993698535 @default.
• W2993698535 citedByCount "3" @default.
• W2993698535 crossrefType "journal-article" @default.
• W2993698535 hasAuthorship W2993698535A5062623504 @default.
• W2993698535 hasConcept C10138342 @default.
• W2993698535 hasConcept C110875604 @default.
• W2993698535 hasConcept C112698675 @default.
• W2993698535 hasConcept C136764020 @default.
• W2993698535 hasConcept C144133560 @default.
• W2993698535 hasConcept C145097563 @default.
• W2993698535 hasConcept C17744445 @default.
• W2993698535 hasConcept C199539241 @default.
• W2993698535 hasConcept C2777189325 @default.
• W2993698535 hasConcept C41008148 @default.
• W2993698535 hasConcept C54750564 @default.
• W2993698535 hasConceptScore W2993698535C10138342 @default.
• W2993698535 hasConceptScore W2993698535C110875604 @default.
• W2993698535 hasConceptScore W2993698535C112698675 @default.
• W2993698535 hasConceptScore W2993698535C136764020 @default.
• W2993698535 hasConceptScore W2993698535C144133560 @default.
• W2993698535 hasConceptScore W2993698535C145097563 @default.
• W2993698535 hasConceptScore W2993698535C17744445 @default.
• W2993698535 hasConceptScore W2993698535C199539241 @default.
• W2993698535 hasConceptScore W2993698535C2777189325 @default.
• W2993698535 hasConceptScore W2993698535C41008148 @default.
• W2993698535 hasConceptScore W2993698535C54750564 @default.
• W2993698535 hasIssue "11" @default.
• W2993698535 hasLocation W29936985351 @default.
• W2993698535 hasOpenAccess W2993698535 @default.
• W2993698535 hasPrimaryLocation W29936985351 @default.
• W2993698535 hasRelatedWork W122541455 @default.
• W2993698535 hasRelatedWork W1486281960 @default.
• W2993698535 hasRelatedWork W2079211952 @default.
• W2993698535 hasRelatedWork W212585040 @default.
• W2993698535 hasRelatedWork W2139895452 @default.
• W2993698535 hasRelatedWork W217051620 @default.
• W2993698535 hasRelatedWork W2201048962 @default.
• W2993698535 hasRelatedWork W226351804 @default.
• W2993698535 hasRelatedWork W230381358 @default.
• W2993698535 hasRelatedWork W236009219 @default.
• W2993698535 hasRelatedWork W238600920 @default.
• W2993698535 hasRelatedWork W2502614837 @default.
• W2993698535 hasRelatedWork W2565158601 @default.
• W2993698535 hasRelatedWork W2955377116 @default.
• W2993698535 hasRelatedWork W2994245200 @default.
• W2993698535 hasRelatedWork W3123659877 @default.
• W2993698535 hasRelatedWork W3123784370 @default.
• W2993698535 hasRelatedWork W319955625 @default.
• W2993698535 hasRelatedWork W32300992 @default.
• W2993698535 hasRelatedWork W2608231542 @default.
• W2993698535 hasVolume "87" @default.
• W2993698535 isParatext "false" @default.
• W2993698535 isRetracted "false" @default.
• W2993698535 magId "2993698535" @default.
• W2993698535 workType "article" @default.