  With the rapid growth of Information and Communication Technology, Electronic
commerce is now acting as a new means of carrying out business transactions
through electronic means such as Internet environment. To avoid the
complexities associated with the digital cash and electronic cash, consumers
and vendors are looking for credit card payments on the Internet as one
possible time-tested alternative. This gave rise of the on-line payment
processing using a third-party verification; which is not suitable for the
developing countries in most of the cases because of the excessive costs
associated with it for maintenance and establishment of an online third-party
processor. As a remedy of this problem, in this paper, we have proposed a
framework for easy security incorporation in credit card based electronic
payment system without the use of an on-line third- party processor; which
tends to be low cost and effective for the developing countries.
