Secure Payments

Overview of Secure Payments

  • Secure Payment methods store your credit card information in a Secure Socket Layer (SSL)
  • Provide a way for customers to ensure that their connection is secure and can process transactions safely.
  • There are many secure payments platforms with different features.
  • Top online marketplaces rely on Secure Payment methods to complete their transaction
  • You can check to see if your website is secure by checking the website certificate,

History/Origin of Secure Payments

  • The first ever secure and successful online retail transactions, which were made in 1994, were initiated by Internet Shopping Network and NetMarket
  • Beginning of e-commerce
  • Ebay and Amazon opened in 1995
  • Had to develop new firewalls to protect user information
  • Sir Tim Berners Lee, an English computer guru and scientist, opened first web server for commercial purposes
  • Opened up for places like pizza hut online ordering at end of 1994
  • Pizza hut holds “First Online Transaction”
  • Had developed from there, only getting bigger

Case Studies



Apple Pay


Strengths of Secure Payments

  • Generally tends to be more efficient and convenient
  • Safer in the sense that you don’t need to carry cash and a wallet around.
  • Fraud protection
  • Easy peer to peer transactions

Challenges of Secure Payments

  • Always the possibility that your information is compromised, fraud and hacking is likely.
  • Not as universally accepted (some stores do not accept secure payments, some regions of the world do not allow it)
  • Requires a lot of trust
  • Some secure payments like Bitcoin are used for illegal activity
  • Federal regulation of secure payment methods

Futures of Secure Payments

  • Digital wallet gaining traction
  • Fast, secure, and convenient
  • Mobile payments
  • Tokenization
  • Biometric authentication
  • Wearable payment methods (smartwatch)
  • Payment through applications (Panera, Starbucks, Uber)

Relation to Other Studies

The introduction of Blockchain shares very similar attributes to that of Secure Payments. Blockchain allows secure payments to take place by storing all data into blocks. This allows users to feel secure with the payments they are making, and that the information they are placing in Blockchain is not going to be seen by anyone else. Blockchains allow secure payments like cryptocurrency to be able to be sorted much easier and quicker. It allows information to flow easier, which makes secure payments that much more appealing. As Blockchain becomes more accepted, we can expect these two metaverses to coincide much more often, as peoples privacy becomes of more concern.


If you want to take a look at the other studies, click the links below

Virtual Worlds

Life Logging


Mirror Worlds

Augmented Reality

Take me back to the home page

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