%0 Journal Article %A Theodosios Tsiakis and George Stephanides and George Pekos %D 2008 %J International Journal of Computer and Information Engineering %B World Academy of Science, Engineering and Technology %I Open Science Index 21, 2008 %T Considerations of Public Key Infrastructure (PKI), Functioning as a Chain of Trust in Electronic Payments Systems %U https://publications.waset.org/pdf/15212 %V 21 %X The growth of open networks created the interest to commercialise it. The establishment of an electronic business mechanism must be accompanied by a digital – electronic payment system to transfer the value of transactions. Financial organizations are requested to offer a secure e-payment synthesis with equivalent level of security served in conventional paper-based payment transactions. PKI, which is functioning as a chain of trust in security architecture, can enable security services of cryptography to epayments, in order to take advantage of the wider base either of customer or of trading partners and the reduction of cost transaction achieved by the use of Internet channels. The paper addresses the possibilities and the implementation suggestions of PKI in relevance to electronic payments by suggesting a framework that should be followed. %P 3274 - 3281