Róbert Párhonyi, Lambert J.M. Nieuwenhuis and Aiko Pras of the University of Twente in the Netherlands explore the prospects for success of second-generation micropayments systems.The paper contains an overview of first and second generation micropayment systems and compares their key characteristics to determine their success or failure.
The authors explains why the first generation systems failed and conclude that second generation systems have a better chance of success than their predecessors.
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