Payment systems for electronic commerce allow consumers to make purchases online. Common forms of online payment include payment cards like credit cards and debit cards. Electronic cash systems aim to facilitate micropayments but have been slow to gain adoption. Electronic wallets store consumers' payment and shipping information for convenience. Smart cards can store more information than magnetic strip cards and aim to replace collections of plastic cards. Phishing attacks pose a threat by tricking users into revealing financial login details.
electronic payment system:-It is a way of making transactions or paying for goods and services through an electronic medium.
The term electronic payment refers to e-commerce, or any type of electronics fund transfer.
E-payments come with various methods, like credit or debit card payments or bank transfers.
IT'S FEATURES AND MANY MORE FOR A BEGINNER PRESENTER
What is Electronic payment system.
E-payment system.
Problem with Traditional payment methods.
Problem in implementation of electronic payment.
Some of the modes of electronic payments.
Advantage & Disadvantage Of Electronic Payment.
electronic payment system:-It is a way of making transactions or paying for goods and services through an electronic medium.
The term electronic payment refers to e-commerce, or any type of electronics fund transfer.
E-payments come with various methods, like credit or debit card payments or bank transfers.
IT'S FEATURES AND MANY MORE FOR A BEGINNER PRESENTER
What is Electronic payment system.
E-payment system.
Problem with Traditional payment methods.
Problem in implementation of electronic payment.
Some of the modes of electronic payments.
Advantage & Disadvantage Of Electronic Payment.
It includes contents related to risk and requirements associated to Electronic Payment Systems. Tt also contains descriptions on various types of electronic payment systems.
Credit cards are dominant form of online payment, accounting for around 80% of
online payments in 2005
-New forms of electronic payment include:
3-1
3-2
3-3
3-4
3-5
3-6
Digital
Digital
Online
Digital
Digital
Digital
Wallet
cash
stored value systems
accumulating balance payment systems
credit accounts
checking
This session discusses about the payment systems available in an commerce environment. Which include:
credit card e-commerce transactions, e-commerce digital payment in the b2c arena, and electronic billing and presentment systems.
This PPT includes the explanation on various types of Electronic payment systems used its working and the recent trends in E-commerce and Electronic payments with special reference to India, It also speaks of various security issues related with e commerce and the use of e-payment systems.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
2. 2
Objectives
In this chapter, you will learn about:
• The basic functions of online payment systems
• The use of payment cards in electronic commerce
• The history and future of electronic cash
• How electronic wallets work
• The use of stored-value cards in electronic commerce
• Internet technologies and the banking industry
4. 5
Online Payment Basics
• Scrip: Any substitute for currency which is not
legal tender, and is often a form of credit.
– For example…
• Digital cash minted by a company instead of by a
government (e.g., Linden Dollars)
• Gift certificates or gift cards
• Subway tokens or arcade tokens
5. 6
Payment Cards
• The term payment card describes all types of plastic
cards used to make purchases
• Credit card
– Has a spending limit based on a user’s credit history
• Debit card
– Removes an amount from a cardholder’s bank account
– Transfers it to the seller’s bank account
• Charge card
– Carries no spending limit
– Amount charged is due at the end of the billing period
6. 7
Advantages and Disadvantages
of Payment Cards
• Advantages:
– Widespread acceptance
– Usually have built-in security for merchants
• Disadvantage:
– Payment card service companies charge merchants per-
transaction fees and monthly processing fees
7. 8
Payment Acceptance and
Processing
• Steps followed once a merchant receives a
consumer’s payment card information:
– Merchant authenticates payment card
– Merchant checks with payment card issuer
• To ensure that credit or funds are available
• Puts a hold on the credit line or the funds needed to
cover the charge
– Settlement of balance with the issuer
8. 9
Open and Closed Loop Systems
• Closed loop systems
– Card issuer pays the merchants that accept the card
directly and does not use an intermediary
• Open loop systems
– Involve three or more parties (e.g., systems using Visa
or MasterCard)
9. 10
Merchant Accounts
• To process payment cards for Internet
transactions an online merchant must set up a
merchant account
• New merchants must supply:
– Business plans
– Details about existing bank accounts
– Business and personal credit histories
10. 11
Processing Payment Cards Online
• InternetSecure
– Provides secure payment card services
• First Data
– Provides merchant payment card processing services
with the following programs:
• ICVERIFY and WebAuthorize
• Banks connect to an Automated Clearing House
(ACH) through highly secure, private leased
telephone lines
12. 13
Electronic Cash
• Term that describes any value storage and
exchange system created by a private entity
that:
– Does not use paper documents or coins
– Can serve as a substitute for government-issued
physical currency
13. 14
Micropayments and Small Payments
• Micropayments
– Internet payments for items costing from a
few cents to around $1
• Small payments
– Payments of less than $10
14. 15
Privacy and Security of
Electronic Cash
• Concerns about electronic payment methods include:
– Privacy and security
– Independence
– Portability
– Convenience
• Advantages of electronic cash include being:
– Independent and portable
15. 16
Holding Electronic Cash: Online
and Offline Cash
• Online cash storage
– Trusted third party is involved in all transfers of electronic cash
– Holds consumers’ cash accounts
• Offline cash storage
– Virtual equivalent of money kept in a wallet
– No third party is involved in the transaction
• Double-spending
– Spending electronic cash twice
16. 17
Advantages and Disadvantages of
Electronic Cash
• Advantages of electronic cash:
– Transactions are more efficient
– Costs less than processing credit card transactions
• Disadvantages of electronic cash:
– No audit trail
– Money laundering and fraud
– Susceptible to forgery
17. 20
Electronic Cash Systems
• CheckFree
– Largest ACH (Automated Clearing House) in the world
– Provides online payment processing services
• Clickshare
– Clickshare allows a consumer to have one account at a most-
trusted website and buy from other websites without having to
pass around a credit-card number, register or give out personal
information. One ID, one account, one bill.
18. 21
Electronic Cash Systems
• PayPal
– Founding in 2000 and purchased by eBay in 2002
– Provides payment processing services to
businesses and to individuals
– Peer-to-peer (P2P) payment system
• Free payment clearing service for individuals
20. 23
Electronic Wallets
• Hold credit card numbers, electronic cash,
owner identification, and contact information
• Give consumers the benefit of entering their
information just once
• Make shopping more efficient
21. 24
Electronic Wallets
• Server-side electronic wallet
– Stores a customer’s information on a remote server
belonging to a particular merchant or wallet publisher
• Client-side electronic wallet
– Stores a consumer’s information on his or her own
computer
22. 25
Microsoft .NET Passport
• An electronic wallet operated by Microsoft
• Passport consists of four integrated services:
– Passport single sign-in service (SSI)
– Passport Wallet service
– Kids Passport service
– Public profiles
23. 26
Yahoo! Wallet
• Server side electronic wallet offered by Yahoo!
• Lets users store information about several major
credit and charge cards
• Many industry observers and privacy rights
activist groups are concerned about electronic
wallets
24. 27
W3C Micropayment Standards
Development Activity
• Common Markup for Micropayment Per-Fee-
Links
– Standards developed by W3C Electronic
Commerce Interest Group (ECIG)
– Provide extensible and interoperable way to embed
micropayment information in a Web page
• Extensible system
– One that developers can add to (or extend) without
voiding any earlier work on the system
25. 28
The ECML Standard
• Electronic Commerce Modeling Language is a
protocol that dictates how online retailers
structure and setup their checkout forms
– Proposed alternative standard that would replace
electronic wallet standards with a single standard
26. 29
Stored-Value Cards
• Stored-value cards can be an elaborate smart
card with a microchip that records a currency
balance
• Common stored-value cards include:
– Prepaid phone, copy, subway, and bus cards
27. 30
Magnetic Strip Cards
• Magnetic strip cards
– Cannot send or receive information
– Cannot increment or decrement value of cash
stored on the card
– Processing must be done on a device into
which the card is inserted
28. 31
Smart Cards
• Stored-value cards that…
– Can hold private user data, such as financial facts
– Can store about 100 times more information than a
magnetic strip plastic card
– Safer than conventional credit cards
30. 33
Smart Cards
• Smart Card Alliance:
– Promotes benefits of smart cards
– Promotes widespread acceptance of multiple-
application smart card technology
– Members include companies in banking, financial
services, computer technology, and healthcare
– Promotes compatibility among smart cards, card
reader devices, and applications
31. 34
Internet Technology and the
Banking Industry
• Paper checks
– Used to make the largest dollar volume payments
• Check Clearing for the 21st Century Act (Check
21)
– Permits banks to eliminate the movement of physical
checks entirely
• That’s why Wal-mart returns your check to you after the
transaction is finished
32. 35
Phishing Attacks
• Basic structure:
– Attacker sends e-mail messages to a large number of
recipients
– Message states that an account has been
compromised and the matter should be corrected
– Message includes a link
– User enters a login name and password, which the
perpetrator captures
– Once inside a victim’s account, the perpetrator can
access personal information
33. 36
Phishing Attack
Countermeasures
• Most important step that companies can take
today is to educate Web site users
• Many companies contract consulting firms that
specialize in anti-phishing work
• Anti-phishing technique
– Monitor online chat rooms used by criminals
34. 37
Summary
• Most popular forms of payment on the Internet
include:
– Credit cards
– Debit cards
– Charge cards (payment cards)
35. 38
Summary
• Electronic cash is:
– A form of online payment
– Slow to catch on in the United States
– Especially useful for making micropayments
• Advantages of electronic cash:
– Portable, anonymous, and usable for international transactions
36. 39
Summary
• Electronic wallets
– Provide convenience to online shoppers
– Eliminate the need to reenter payment card and shipping
information at a site’s electronic checkout counter
• Smart cards are intended to replace the collection of
plastic cards people now carry
• Phishing expeditions create a significant threat to
online financial institutions and their customers