Investigating the effect of privacy on Pay Pal and Bitcoin

ABSTRACT

Advancement of technology has given rise to globalization establishing avenues for the business around the world. This phenomenon has given rise to novel business such as online selling and purchasing of goods and services connecting sellers and consumers around the globe. However, the payment for these online purchases is a crucial concern for the consumers worldwide. Consumers are confronted with the issue of information misuse and have varying perception regarding the use of online payment options. This study has focused on people in UK and has been designed to find out the consumers concerns for online privacy of information as well as to improve the system of online purchasing for ensuring secure transactions for the consumers. For this purpose focus group are conducted to obtain the views and perceptions if users regarding online payments. A careful study of the privacy policies of famous online services PayPal and Bitcoin have been made to understand how these services protect consumers from online miser use of information. The study also shows that apart from the issues experienced by the consumers, certain issues are also being experienced bib the businesses. Moreover, the banking sector is also likely to be affected by the use of virtual currency.

ABSTRACT1

REQUIREMENTS ANALYSIS3

Introduction3

Aims and Objectives3

Requirements6

Summary7

LITERATURE REVIEW9

Introduction9

Concerns of privacy in online payments: Review and analysis9

Privacy policies of PayPal and Bitcoin: An overview of information disclosure policies12

Measures to evaluate the effectiveness of PayPal and Bitcoin15

Summary17

RESEARCH METHODOLOGY18

Introduction18

Research design18

Kinds of data19

Kinds of research20

Sampling approaches21

Research approach chosen for this study25

Sampling Population26

Pilot Study27

Data collection and analysis for this study27

Justification for the chosen methods29

Summary30

DISCUSSION31

Introduction31

Summary36

PROJECT PLAN38

Project task analysis38

REFERENCES39

REQUIREMENTS ANALYSIS

Introduction

In order to conduct a successful study and find a solution to some particular issue, it is important that all the aims and objectives are well defined with all the requirement of fulfilling them before a research is commenced. This section focuses on the aims of conducting this study; the objections which have been formulated top fulfil those aims along with the requirement of fulfilling the objectives.

Aims and Objectives

The aim of this study along with the objectives to achieve those aims is given below:

Aim 1: To Address the Consumer Issues Related To Online Payments

The foremost aim of this research is to address the issues which are being experienced by consumers who make online purchasing. The study aims at unveiling the problems which the online purchasers experience when they order for goods and services making use of internet, and then opt for financial payment services to make payments for purchases made by them. In order to achieve this aim, the following objects have been established

To understand various features which are held important by people in online payment

In order to address consumer issues in online payments, it is imperial to first gain an understanding of the features which are held important by these people. The features that the online consumers consider as important may vary from individual to individual, according their understanding about online payment services, and knowledge which they have regarding ...