The document discusses various topics related to electronic payments, including:
1) Different types of electronic money and key requirements for internet-based payment systems.
2) Methods of electronic payment such as credit cards, debit cards, smart cards, and digital cash/e-cash.
3) Issues and implications regarding the regulation, economics, and social impacts of electronic payment methods.
The series of presentations contains the information about "Management Information System" subject of SEIT for University of Pune.
Subject Teacher: Tushar B Kute (Sandip Institute of Technology and Research Centre, Nashik)
http://www.tusharkute.com
Brief description about the various E-Payment Systems :
E-Cash, E-Cheques,E-Wallets, Credit and Debit Cards transaction systems, Electronic Clearing Systems...
Their various drawbacks and advantages and disadvantages.
E-payment and E-payment System (EPS) / Classification of E-paymentUttar Tamang ✔
This slide contains:
1. What is Electronic Payment (E-payment) ??
2. What is E-payment System (EPS) ??
3. E-Payment Channels
4. E-payment Instruments
5. Characteristics of E-payment
6. Classification of E-payment
7. Current Status of E-Payment
.
.
- Uttar Tamang
The series of presentations contains the information about "Management Information System" subject of SEIT for University of Pune.
Subject Teacher: Tushar B Kute (Sandip Institute of Technology and Research Centre, Nashik)
http://www.tusharkute.com
Brief description about the various E-Payment Systems :
E-Cash, E-Cheques,E-Wallets, Credit and Debit Cards transaction systems, Electronic Clearing Systems...
Their various drawbacks and advantages and disadvantages.
E-payment and E-payment System (EPS) / Classification of E-paymentUttar Tamang ✔
This slide contains:
1. What is Electronic Payment (E-payment) ??
2. What is E-payment System (EPS) ??
3. E-Payment Channels
4. E-payment Instruments
5. Characteristics of E-payment
6. Classification of E-payment
7. Current Status of E-Payment
.
.
- Uttar Tamang
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.
It includes contents related to risk and requirements associated to Electronic Payment Systems. Tt also contains descriptions on various types of electronic payment systems.
Delivery Channels and Inter Bank Payment System, E-Payments, Types of Electronic Fund Transfer system, Real Time Gross Settlement,National Electronics Funds Transfer ,Immediate Payment Service, Credit Card, Automatic Teller Machine, Smart Card, E-Money, E- Wallet, E-Cheque
Epayments system in India and globally iit project abhiROCKS1103
IIT project on epayments. Including all the method uses and innovations in e payments and the growth of epayments in the modern world and rapid growth in india after demonetization.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
2. Submitted To:
Md. Zillur Rahman
Assistant Professor
Dept. of Business Administration
Shahjalal University of Science and Technology
Submitted By: Team One
Syeda Fatima Banu 2009731007
Muhsina Jannat 2009731015
Sharmistha Tribedi 2009731020
Taskia Akter 2009731039
Mahmuda Akter 2009731045
3. Learning Objectives:
• Real-world Cash and Electronic Cash
• Key Requirements for Internet-based Systems
• Electronic Transaction System
• Secure Electronic Transactions
• Electronic Payment Media
• Methods of E-payment
• General Guide to E-payment
• Issues and Implications
4. Real World Cash: Money
• Money is a medium of exchange to simplify transactions, a
standard of value to decide the worth of goods, and a store of
value to facilitate savings.
Money offers the following features:
Convenience No hidden cost of use
Wide acceptance No audit trail
Anonymity
5. Electronic Money (E-Money)
• E-Money: an electronic media for making payments.
• There are four types of e-money:
1. Identified and online (+I+L): credit card and debit card
transactions
2. Identified and offline (+I-O): purchasing by check or postal
money order
3. Anonymous and online (-I+L): cash payments
4. Anonymous and offline (-I-L): electronic cash
6. There are two distinct sets of properties should be considered
in money transfer:
ACID Test
1. Atomicity 3. Isolation
2. Consistency 4. Durability
ICES Test
1. Interoperability 3. Economy
2. Conversion 4. Scalability
7. Internet Based Payments
• Electronic Payment: financial transactions made without use
of paper documents.
• Users: PayPal, Brodia, CyberCash, e-cash, eCharge,
InternetCash, iPIN, Qpass, Windows Live ID etc.
• Four main Internet based payment systems:
Electronic Currency Debit Cards
Credit Cards Smart Cards
8. Properties of E-Payment System
• Several nontechnical properties are relevant to an
electronic payment system -
▫ Acceptability
▫ Ease of Integration
▫ Customer Base
▫ Ease of Use and Access
9. Electronic Transaction System: CyberCash
• Electronic transaction system makes it possible to process
transactions over the Internet.
• CyberCash is an internet payment service which offered a
range of e-commerce solution using E-Transaction System.
• Initially provided an e-wallet software to consumers and
software to merchants to accept credit card payments.
• They offered "CyberCoin", a micropayment system modeled
after the NetBill research project.
• On January 1, 2000, CyberCash fell victim to the Y2K Bug,
got bankrupt on March 11, 2001.
10. Secure Internet Credit Card Payment Process
• The main CyberCash transaction systems centered on secure
credit card payment with the following procedures:
11. Secure Electronic Transactions (SET)
• SET protocol is a proven standard for handling transactions
on the Internet.
• The system is administered jointly by Visa and MasterCard
to ensure reliable E-Payment Media.
• It was developed with four important goals:
1. Confidentiality of payment
2. Integrity of transmitted data
3. Authentication of card user
4. Interoperability across network providers.
13. Electronic Payment Media
• Different companies, such as PayPal, WebMoney etc are
working as Electronic Payment Medias to transfer E-Payment.
• There are three types of electronic payment media
1. Trusted third party: Banks, that maintain all sensitive
information.
2. Notational fund transfer-related type: Visa/Master
Card’s SET based transactions.
3. Digital cash or electronic money: allows the transfer of
money itself which carry values.
14. Credit Card
• Credit card is a plastic payment card issued by a
financial institution for the purchase of goods or
services on credit to users as a system of payment.
• Features of credit card:
▫ Leaves a complete audit trail
▫ Are not well suited for impulse buying
▫ Are not convenient for making small products
16. Risks of Using Credit Cards
• Though monthly full payment is not made, interest will
be charged.
• Interest charged from the date of purchase even before the
payment.
• Credit card transactions result in immediate credit to the
merchant’s bank account as cash.
• Card holder’s risk of losing a credit card amount to $50
and has to notify the issuing bank.
• A card holder can dispute charges or purchases to the card
issuer if he is not satisfied.
17. Credit Card Laundering
• A violation of merchant's agreement with the bank or
credit card company.
• Allowing a person to use a merchant account though he
has no own merchant account.
• Customers and credit card issuing company face losses
and write off the amount to bad debt.
• Simple procedure for earning extra cash by merchant.
• Often turns into losses beyond all commissions.
• This practice is illegal and strictly prohibited.
18. Debit Card
• Debit card is a payment card that transfers funds directly from
the customer’s bank account to the merchant. It look exactly
like credits cards, except they directly tap customer’s checking
account every time he makes a purchase or a withdrawal.
• Features of Debit Card:
Convenience
Widely Accepted than checks
Easy Application
No Grace Payment Period
Less Protection for Undelivered Items
Risks for Merchants - Overspent Customers
19. Difference between Debit and Credit Card
Debit card Credit card
A debit card takes money Credit card charges money to
directly from customer’s customers line of credit.
banking account
Debit card is a quick-pay-now There is generally a grace
process where no grace period period of approximately thirty
is given. days before interest is charged
in credit card purchase.
Debit card carries less security With credit card purchases,
for undelivered, defective or customer can contest the
fraudulent items. charge and put a hold on
payments.
Debit cards are used for retail Credit cards are used for large
or small purchases on faith. businesses.
20. Smart Card
• A thin and credit card sized piece of plastic provide
identification, authentication, data storage and application
processing
• Contains a half-inch-square area that serves as the card’s
input/output system
• With a built-in chip capable of storing information in its
memory
• Used typically for electronic processes such as financial
transactions
• First produced by Motorola, in 1977
21. Uses & Applications of Smart Card
• Provides users with the ability to make a purchase
• Holds cash, ID information, and a key to a house or an office
• Provides three categories of applications -
1. Authenticate an individual’s claim of personal identification
2. Authorization for things like drug prescription fulfillment
and voting purposes
3. Transaction processing and capturing fingerprint
• Provides encryption and decryption of messages to ensure
security, integrity, and confidentiality
• Acts as a carrier of value, called as an Electronic Purse
22. DigiCash and E-Cash
• DigiCash:
▫ Another alternative method of digital payment
▫ Leaves no audit trail
▫ Offers true digital economy
▫ Resistance from the treasury department
▫ One such digital cash system is CyberCoin
• E-Cash:
• Electronic currency service
• Requires a client-server interaction
• Customers buy it with a secure credit card transaction
• Safest way for fraudulent protection
23. E-Wallet
• An electronic payment system that operates like a carrier
of e-cash and information in the same way a real world
wallet functions.
• It gives the shopper a single, simple, and secure way of
carrying currency electronically.
• Trust is the basis of the e-wallet as a form of electronic
payment.
• The most popular wallet vendors are Brodia.com, IBM,
Yahoo!, Trintech, eWallet, CyberCash, America Online
and so on.
24. Electronic Funds Transfer and Automated
Clearing House
• Electronic Funds Transfer (EFT)
▫ A computer-based system that facilitates the transfer
of money between two financial institutions.
• Automated Clearing House (ACH)
▫ Where Bank’s transactions involve more than one
financial institution routing to debit and credit the
correct accounts.
26. M-Commerce and M-Payment
▫ The ability to secure payments over wireless devices like
mobile phones and personal digital assistant (PDA).
▫ Depends on its payment infrastructure, delivering
confidential data safely and reliably.
▫ Capable of handling payments between authorized parties
in a consistent and interoperable manner.
▫ Products and services are - Mobile ATM, Mobile ticketing,
vouchers, coupons and loyalty cards, Content purchase and
delivery, Location-based services, Mobile banking,
brokerage. Auctions, Mobile marketing and advertising etc.
27. General Guide to E-Payment
• Using a secure Web browser
• Reading the Web site’s privacy policy carefully
• Figuring out merchant’s refund policies in advance
• Investigating the trustworthiness of the merchant before
initiating a purchase
• Keeping a record of all online transactions and check e-mail
and other contacts regularly
• Reviewing credit card statements line-by-line to ensure
authenticity
28. Issues and Implications Regarding Electronic
Payment Methods and Methodologies
• Consumer Needs
• Corporate Processes
• Corporate Strategy
• Regulation of Competition
• Economics & Social Processes