The prosperous Internet communication technologies have led to e-commerce in mobile computing and made Web of Things become popular. Electronic payment is the most important part of e-commerce, so many electronic payment schemes have been proposed. However, most of proposed schemes cannot give change. Based on proxy blind signatures, an e-cash payment system is proposed in this paper to solve this problem. This system can not only provide change divisibility through Web of Things, but also provide anonymity, verifiability, unforgeability and double-spending owner track.

Recently, a new light-weight version of the secure electronic transaction protocol was proposed. The protocol can achieve two goals. One goal is that the security level is the same as the SET protocol. The other goal is to reduce the computational time in message generation and verification, and reduce the communication overhead. However, the protocol has a weakness, which is that non-repudiation is acquired, but confidentiality is lost. In this paper, we point out the weakness of the protocol. We also propose an improvement to the protocol to overcome this weakness.