Analysis of Electronic Payment Systems
* Name and describe various categories of e-commerce. *
There are three distinct categories of e-commerce. Business-to-consumer (B2C) electronic commerce involves retailing products and services to individual shoppers. Business-to-business (B2B) electronic commerce involves sales of goods and services among businesses. Consumer-to-consumer (C2C) electronic commerce involves consumers selling directly to consumers.
Compare and contrast electronic payment systems. Which type do you use most often? Which type is most applicable for organizations you interact with regularly? *
The most common form of electronic payments are cards. There are three types of cards, credit, debit and prepaid cards. They typically are made of plastic and have a magnetic stripe on the back of the card. The customer gives the merchant the card while shopping, and the merchant swipes the card through a terminal or puts the relevant information into a database, which is then delivered to the credit card company, who relays a confirmation message back to the merchant that the purchase was completed. This is what I use most often because it the most convenient for me. I grab my card from my wallet with no need for cash. An internet payment is one other form which involve a person transferring money or making a purchase online. Electronic cheque system and electronic cash system are also two others.
* Explain how Internet technology supports business-to-business e-commerce.
E-Tailer sells physical products directly to consumers or to individual businesses. Transaction broker saves users money and time by processing online sales transactions. Market creator provides a digital environment where buyers and sellers can meet, search for products, display products, and establish prices for those products. A Content provider creates revenue by providing digital content, such as digital news, music, photos, or video, over the Web. The customer may pay to access the content, or
There are three distinct categories of e-commerce. Business-to-consumer (B2C) electronic commerce involves retailing products and services to individual shoppers. Business-to-business (B2B) electronic commerce involves sales of goods and services among businesses. Consumer-to-consumer (C2C) electronic commerce involves consumers selling directly to consumers.
Compare and contrast electronic payment systems. Which type do you use most often? Which type is most applicable for organizations you interact with regularly? *
The most common form of electronic payments are cards. There are three types of cards, credit, debit and prepaid cards. They typically are made of plastic and have a magnetic stripe on the back of the card. The customer gives the merchant the card while shopping, and the merchant swipes the card through a terminal or puts the relevant information into a database, which is then delivered to the credit card company, who relays a confirmation message back to the merchant that the purchase was completed. This is what I use most often because it the most convenient for me. I grab my card from my wallet with no need for cash. An internet payment is one other form which involve a person transferring money or making a purchase online. Electronic cheque system and electronic cash system are also two others.
* Explain how Internet technology supports business-to-business e-commerce.
E-Tailer sells physical products directly to consumers or to individual businesses. Transaction broker saves users money and time by processing online sales transactions. Market creator provides a digital environment where buyers and sellers can meet, search for products, display products, and establish prices for those products. A Content provider creates revenue by providing digital content, such as digital news, music, photos, or video, over the Web. The customer may pay to access the content, or