E-PAYMENT
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E-PAYMENT

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E-PAYMENT SYSTEM

E-PAYMENT SYSTEM

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E-PAYMENT Presentation Transcript

  • 1. welcom e
  • 2. TOPIC E-PAYMENT SUBMITTED BY JITHIN.M CABM-S5
  • 3. WHAT IS E-PAYMENT E-PAYMENT DEFINED AS A ELECTRONIC PAYMENT,IS A SUBSET OF AN E-COMMERCE TRANSACTION.IT INCLUDES ELECTRONIC PAYMENT FOR BUYING/SELLING OR SERVICES WHICH ARE OFFERED ON THE INTERNET
  • 4. TYPES OF E-PAYMENT SYSTEM E-CASH MICRO PAYMENTS DEBIT AND CREDIT CARDS SMART CARD PEER TO PAYMENT B2B AND B2C TRANSACTIONS
  • 5. E-CASH IT IS DEFINED AS ELETRONIC CASH.IT IS AN INTERNET BASED SYSTEM GENERATED BY A COMPUTER. IT ALLOWS FUNDS TO BE TRANSFERRED AND ITEMS SHOULD BE PURCHASED BY DEBIT/CREDIT CARD,CHEQUE OR MONEY ORDER.IT IS MORE EFFICIENT AND HAS LOWER TRANSACTION COST
  • 6. MICRO PAYMENTS A MICROPAYMENT IS AN E-COMMERCE TRANSACTION INVOLVING A VERY SMALL SUM OF MONEY IN EXCHANGE FOR SOMETHING MADE AVAILABLE ONLINE.SUCH AS APPLICATION DOWNLOAD,A SERVICE WEB BASED CONTENT ETC.
  • 7. DEBIT AND CREDIT CARDS A DEBIT CARD IS A PLASTIC CARD THAT PROVIDES THE CARD HOLDER ELECTRONIC ACCES TO HIS BANK ACCOUNT TO WITHDRAW CASH OR PAY FOR GOODS AND SERVICES. IT REMOVES THE NEED TO GO TO YOUR BANK TO MAKE PAYMENTS. IT ALSO GIVES YOU THE ABILITY TO TAKE DIRECTLY CASH FROM ATM’S CREDIT CARD IS A CARD ISSUED BY A FINANCIAL COMPANY GIVING THE HOLDER AN OPTION TO BORROW FUNDS.CREDIT CARDS CHARGE INTERST AND ARE PRIMARLY USED FOR SHOR TERM FINANCING.IT IS MOST USED PAYMENT SYSTEM GIVEN ITS HIGH CONVENIENCE
  • 8. SMART CARD A SMART CARD IS A PLASTIC CARD IN THE SIZE OF CREDIT CARD WITH AN EMBEDDED MICROCHIP THAT CAN BE LOADED WITHDATA,USED FOR TELEPHONE CALLING,ELECTRONIC CASH PAYMENTS AND OTHER APPLICATION.IT STORES MORE INFORMATION THAN A MAGNETIC STRIP CARD.IT CONTAIN INFORMATION SUCH AS A/C INFO.,CREDIT CARD NO,HEALTH INSURANCE ETC.
  • 9. PEER TO PEER PAYMENT IT ALLOWS THE TRANSFER OF ELECTRONIC CASH (E-CASH) VIA E-MAIL BETWEEN TWO PEOPLE WHO HAVE ACCOUNT AT E-CASH ENABLED BANK.PEER TO PEER TRANSACTINSALLOW ONLINE FINANCIAL TRANSFERS BETWEEN CONSUMERS
  • 10. B2B AND B2C TRANSACTIONS THE FASTEST GROSSING SECTOR OF E-COMMERCE PAYMENT IS BUSINESS TO BUSINESS(B2B) TRASACTION.THESE PAYMENT ARE MUCH LARGER THAN BUSINESS TO CUSTOMER(B2C) TRANSACTINS AND INVOLVE COMPLEX BUSINESS ACCOUNTING SYSTEM
  • 11. Advantages and Disadvantages of Payment Cards Advantages: • They are good for online transactions. • Speed and Convenience • Flexible Payment Arrangements • They have worldwide acceptance. Disadvantages: • Payment card service companies charge merchants per-transaction fees and monthly processing fees. • hacking Payment System Collision
  • 12. CONCLUSION E-PAYMENT IS IMPROVING AND DEVELOPING VERY FAST. THE USAGE,COMFORTABILITY IS BEING WIDER AND WIDER DAY BY DAY.GOVT SUPPORT E-PAYMENT SYSTEM FOR THE DEVELOPMENT .