Concept

Payment system

Related publications (29)

Circular economy digital market solutions for reuse in the European construction sector

Corentin Jean Dominique Fivet, Martin Fröhlich, Maria Sivers

Focusing on the cross-matching supply and demand for reused building components and related services, the paper analyses existing Digital Reuse Market Solutions (DRMS) in the European construction sector. A collection of 746 DRMS is built from major online ...

2022

Essays in Financial Economics

Kevin Marc Rageth

This thesis consists of two chapters that study separate subjects in the area of corporate finance.The first chapter, titled âEconomic Gains in Bank Mergers and Acquisitions â Evidence from Targetsâ, investigates economic gains in bank mergers and ac ...

EPFL2022

Dynamic Byzantine Reliable Broadcast

Rachid Guerraoui, Jovan Komatovic, Dragos-Adrian Seredinschi, Andrei Tonkikh

Reliable broadcast is a communication primitive guaranteeing, intuitively, that all processes in a distributed system deliver the same set of messages. The reason why this primitive is appealing is twofold: (i) we can implement it deterministically in a co ...

Schloss Dagstuhl--Leibniz-Zentrum f{\"u}r Informatik2021

Design choices for Central Bank Digital Currency

Bryan Alexander Ford, Fan Zhang, Srdan Capkun, Ari Juels

Central banks around the world are exploring and in some cases even piloting central bank digital currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer p ...

Brookings Institution2020

Replicated state machines without replicated execution

Kirill Nikitin

This paper introduces a new approach to reduce end-to-end costs in large-scale replicated systems built under a Byzantine fault model. Specifically, our approach transforms a given replicated state machine (RSM) to another RSM where nodes incur lower costs ...

IEEE2020

Online Payments by Merely Broadcasting Messages

Rachid Guerraoui, Daniel Patrick Collins, Jovan Komatovic, Dragos-Adrian Seredinschi, Matej Pavlovic, Matteo Monti, Athanasios Xygkis, Andrei Tonkikh

We address the problem of online payments, where users can transfer funds among themselves. We introduce Astro, a system solving this problem efficiently in a decentralized, deterministic, and completely asynchronous manner. Astro builds on the insight tha ...

IEEE2020

Designing Coalition-Proof Reverse Auctions Over Continuous Goods

Maryam Kamgarpour, Orcun Karaca

This paper investigates reverse auctions that involve continuous values of different types of goods, general nonconvex constraints, and second stage costs. We seek to design the payment rules and conditions under which coalitions of participants cannot inf ...

2019

System Support for Efficient Replication in Distributed Systems

Dragos-Adrian Seredinschi

Current online applications, such as search engines, social networks, or file sharing services, execute across a distributed network of machines. They provide non-stop services to their users despite failures in the underlying network. To achieve such a hi ...

EPFL2019

Secure Contactless Payment

Serge Vaudenay, Handan Kilinç Alper

A contactless payment lets a card holder execute payment without any interaction (e.g., entering PIN or signing) between the terminal and the card holder. Even though the security is the first priority in a payment system, the formal security model of cont ...

2018

Security of Distance-Bounding: A Survey

Serge Vaudenay, Gildas Avoine, Martin Benjamin, Srdan Capkun, Aslan Tchamkerten

Distance-bounding protocols allow a verifier to both authenticate a prover and evaluate whether the latter is located in his vicinity. These protocols are of particular interest in contactless systems, e.g. electronic payment or access control systems, whi ...

2018

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