iKP

Vangie Beal
Last Updated May 24, 2021 7:45 am
Short for Internet Keyed Payment, iKP is a set of protocols proposed by IBM Research in Hawthorne and Zurich, for electronic payments over open networks. iKP technology is based on RSA public-key cryptography and provides the architecture for credit card transactions between the customer and the merchant, while using the existing financial network for approval and clearing.