electronic payment system

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electronic payment system

  1. 1. Electronic Payment System Electronic payment system is a system which helps the customer or user to make online payment for their shopping.
  2. 2. Requirements for E-Payments  Decreasing technology cost  Reduced operational and processing cost  Increasing online commerce
  3. 3. Some Examples of EPS • Online Reservation • Online Bill Payment • Online order placing • Online ticket booking
  4. 4. E-WALLETSE- CASH SMARTCARDS CREDIT CARDS
  5. 5. E-cash processing Bank 1 2 3 4 5 Merchant Consumer
  6. 6. E-Wallet  Decide on an online site where you would like to shop.  Download a wallet from the merchant’s website.  Fill personal details.  Click on the buying button when ready to buy.
  7. 7. Smart Card processing
  8. 8. Credit card processing
  9. 9. Secure Electronic Transaction  A form of protocol for electronic credit card payments.  SET protocol is used to facilitate the secure transmission of consumer credit card information.  Blocks out details of credit card information.
  10. 10. SET processing

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