
7.4 Internet Keyed Payment Protocol (iKP)
Figure 89. Internet Keyed Payment Protocol (iKP)
Key Points
The Internet Keyed Payment Protocol (iKP) is an IBM proposal to allow
customers, merchants, banks and credit card issuers to securely communicate
credit card transactions on the Internet based on encyption protocols.
Presentation Script
iKP is a multiparty security protocol developed by IBM Research. iKP enables
buyers and sellers to engage third parties, such as banks and credit card
companies, in a single secure payment transaction. iKP will enable buyers to
securely send their encrypted credit card number to a seller, who then forwards
it to the credit ...