UNIT - 3 Electronic Payment System Contents • What is E-payment? • Types of E-payment Systems • Digital Token-based Electronic Payment Systems • Smart Cards & Electronic Payment Systems • Credit Card-based Electronic Payment Systems • Risk & Electronic Payment Systems • Designing Electronic Payment System What is E-payment ? • E-payment systems is the mechanism of transferring money over the Internet and technology used in this transfer is called as EFT. • EFT defined as “ any transfer of fund initiated
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Analysis of Electronic Payment Systems Michael Buggs IT/205 12/7/2012 Mr. Kenneth Neveroski Analysis of Electronic Payment Systems There are three categories of e-commerce. You have Business-to-consumer which is businesses selling products and/or services to the general public through online catalogs using the shopping cart software. Business-to-business is when businesses sell goods and services to other businesses. Such an example would be fast food restaurants ordering their products from
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the On-line Payment System 2 Payment Service Providers 3 Credit cards 3 E-wallet 3 Online Bill Payments 4 Online Bank Transfers 4 PayPal 4 Benefits of using E-Payment: 6 Customer confidence in Payment systems 6 Reliable protection when using Payment Systems 7 How do customers benefit? 8 Drawbacks of On-line Payment Systems 10 Card Holder Based On Biometrics: 11 ONLINE BANKING SERVICES 12 Disadvantages of Banking Services 12 Small and Big companies in On-line Payment System 13 RISK 14
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(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
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Many of us have become accustomed to electronic payment systems. These systems will continue to increase as businesses and banks present more opportunities to use them. Resource: Ch. 9 of Essentials of Management Information Systems Answer the following questions in 200 to 300 words: 1. Name and describe various categories of e-commerce. The three main categories of e-commerce are: • Business-to-Consumer (B2C) electronic commerce involves retailing products and services to individual
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ANALYSIS OF ELECTRONIC PAYMENT SYSTEM IT 205 SEPTEMBER 1 2011 ANALYSIS OF ELECTRONIC PAYMENT SYSTEM The three major types of electronic commerce are business-to-consumer (B2C)‚ business-to-business (B2B)‚ and consumer-to-consumer (C2C). Mobile commerce‚ or m-commerce‚ is the purchase of goods and services using handheld wireless devices. B2C or Business to Consumer‚ involves retailing products and services to individual shoppers. Barnesandnoble.com‚ which sells books‚ software‚ and music
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Electronic Payment Systems Name and describe various categories of e-commerce. 1. Business-to-Consumer (B2C) is when a company sells its merchandise directly to the customer via the Internet like eBay. 2. Business-to-Business (B2B) is when two businesses transact between each other online like Internet consultants and website development. 3. Consumer-to-Consumer (C2C) also referred to as peer-to-peer is when two consumers transact business between each other which may or may not involve a
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Electronic Payment Methods Contents Introduction 3 Sizes of Electronic Payments 3 Electronic Means 3 Critical Issues 3 S.W.O.T Analysis 4 Problem Statement 5 Options 5 Recommendation 5 Feasible Solutions 6 Monitoring 6 Evaluation 7 References 8 Introduction Payment systems that use electronic distribution networks constitute
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Credit Card Payments: Protects information transmitted among users‚ merchant sites‚ and processing banks for example Visa‚ MasterCard‚ AMEX and Discover. Digital Wallet: Software that stores credit card and other information to facilitate form completion and payment for goods on the Web. Digital wallets can be used on Google Checkout. Digital Checking: Electronic check with a secure digital signature for example e-checks. Stored Value Payments: Enables consumers to make instant payments to merchants
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CHAPTER TWO LITERATURE REVIEW 2.1 AN OVERVIEW OF E-PAYMENT AS A METHOD. E-payment is a subset of an e-commerce transaction to include electronic payment for buying and selling goods or services offered through the internet. Generally we think of electronic payments as referring to online transactions on the internet‚ there are actually many forms of electronic payments. As technology is developing‚ the range of devices and processes to transact electronically continues to increase while the
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