Online trading has continued to prosper throughout the 1990s, with acredit-card-based electronic payment system is the preferred method of payment. However, this payment system is not suitable for transactions amounting to only a few cents or a few dollars. To minimize transaction costs and developing new systems for the settlement of micropayments had two options. IDE began to develop a system of micropayments, pay-EZ, in early 1999 for the settlement of small transactions. Several competing systems, Acosis and Millicent had already penetrated the market. Management was under time pressure to pay EZ product and overcome the technical and operational issues. Viability of Pay-EZ should be demonstrated by the general meeting of the Board October 18, 1999, two months before its official launch. "Hide
by Ali F. Farhoomand, Katherine Lo, Peter Lovelock Source: University of Hong Kong, 17 pages. Publication Date: January 1, 2000. Prod. #: HKU053-PDF-ENG
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