E-payment system in e-commerce

1. E-commerce management

2. Name: Anu jose
Class: 2nd B.com
Roll no: 05
College: V K H M O

3. Once business have built a web site, the must
address another important component of an e-commerce
infrastructure: enabling customers to
easily pay for products and services online.

4.  Electronic token based payment system
 Electronic cash or e- cash
 Digital cash
 Electronic cheuque
 Electronic tokens
 Smart card
 Electronic purse
 Digital coins

5. Smart card is a device that includes an embedded
integrated circuit chip(ICC) that can be either a
secure micro controller or equivalent intelligence
with internal memory or memory chip alone

6. credit card are the most widely used and continent
method of marketing online payment. Credit cards
work around the globe regard less of the location or
county of the issuing bank.

7. Digital coins an be an appropriate method of
payment for electronic transactions. The concept is
that digital coins are downloaded from a participant
bank into the users computers, or an account is set
up with in the bank.

8. Electronic purse is a card with a micro chip
that can be used instead of cash and coin for
everything from vending machined to
public transportation

9. An electronic token is a digital analog of
various forms of payment backed by a bank
or financial institution.

10. Electronic or Digital Cash combines
computerized
Convenience with security and privacy that
improve up on paper cash.

11. The electronic cheques are modeled
on paper cheque except that they are
initiated electronically.

12. After the preparation of the seminar I could under
stand that most important component of electronic
commerce is payment for the purchase . So that
electronic payment helps the consumers to pay for
there purchase more efficient and secure way , with
out an e-payment system it is impossible to make
proper payment.