An intermediation and payment system technology

This paper presents the Globe-ID(R) [3] electronic commerce enabling technology designed and developed by Gd-Tech [2]. The most important design goal was to address electronic commerce as a whole, securing the essential steps of each e-commerce transaction: the offer, the order and the payment. Globe-ID(R) is a system based on an intermediation Server which acts as a trusted third party for merchants and consumers. It contributes directly to the securization and notarization of the transactions, manages the e-commerce actors' accounts, and acts as a gateway to the private networks of traditional financial instruments. This paper presents the model, the protocol, and security features of this technology.