Andrew J. Ayers
April 20, 2011
Analysis of Electronic Payment Systems
* Name and describe various categories of e-commerce.
Business-to-consumer – (B2C) - this is where businesses sell products and or services to individual consumers. Some examples would be Amazon.com, banking, travel services, online auctions, health information and real estate sites, and peer-to-peer sites such as Craigslist. Business-to-business – (B2B) - this describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer. Cisco is an example of one of the first B2B catalogs online. Other examples of B2B e-commerce are intranet services and Web meetings. Consumer-to-consumer – (C2C) – this involves the electronically-facilitated transactions between consumers through some third party. A common example is the online auction (such as EBay), in which a consumer posts an item for sale and other consumers bid to purchase it. * Compare and contrast electronic payment systems. Which types do you use most often? Which type is most applicable for organizations you interact with regularly? There are various types of electronic categories for the e-commerce system. The most popular type of electronic payment is the digital wallet. By using the digital wallet for paying purchases over the web more efficiently and by eliminating the need repeated information for each purchase. The digital wallet is more secure, and the owner’s information is saved automatically when the information is completed for a purchase. For example; the consumer would not have repeat credit-card information each time they purchase something. Example: Google Checkout. Another type of electronic payment is micropayment this was developed for smaller purchase amounts (less than $10), such as; music downloads, individual articles, which would be too small for conventional credit cards....