The document discusses traditional and electronic payment systems, highlighting their differences in medium, risk levels, and requirements. It also explains how payment gateways function, detailing protocols like the Secure Electronic Transaction, and the risks associated with e-payments such as stolen credentials and lack of anonymity. A case study focuses on Electronic Payment & Services (EPS) and its partnership with HPE to ensure secure, real-time ATM transactions for banks.

1. E-PAYMENTS
SYSTEM
Persented By:
Shubham
(PGD20043)

2. TRADITIONAL AND
E-PAYMENTS SYSTEM.
ONLINE BANKING AND RISK
INVOLVED IN E-PAYMENT.
PROTOCOLS AND
PAYMENT
GATEWAYS.
CASE STUDY
02
01
04
03
INDEX

3. 01
TRADITIONAL
AND
E-PAYMENTS
SYSTEM

4. FLOW OF 01
Traditional Payment
system
Electronic Payment
System
Difference Between
Them

5. TRADITIONAL
PAYMENT
SYSTEM
Traditional payment system
is way of making
transaction or paying for
good and services by
physical medium, with the
use of checks or cash.

6. E-PAYMENT
SYSTEM
Electronic payment system
is way of making
transaction or paying for
good and services through
an electronic medium,
without the use of checks
or cash.

7. DFFERENCE
TRADITIONAL PAYMENTS
SYSTEM
ELECTONIC PAYMENT
SYSTEM
High : Hardware and Software facilities.
OPTION 01
OPTION 01
OPTION 01
OPTION 01
Service
Woking Environment
Modes
Requirements
It is convenient, fast and efficient.
Open system platform i.e. internet.
Low requirement.
Low.
Close system platform.
Electronic wallets, Credit, Debit
cards and so on.
Cash, checks.
Risk High Low

8. PROTOCOLS
AND
GATEWAYS
02

9. FLOW OF 02
SET Protocols
Block Diagram of SET
Protocol
Diagram
Payment Gateways
Work
Definition, Requirements
and Participants.
Definition, Online store
and Offline store.
HOW PAYMENT
GATEWAYS WORK?

10. SET PROTOCOL
Secure Electronic Transaction (SET) ensure security and integrity
of electronic transaction.
It restricts revealing of credit and debit card to merchants.
It is not a Payment System.
REQUIRMENTS
 PI (Payment Information) and OI (Order Information)
confidential.
 Needs to provide Interoperability.
 Resistive against Message Modification.
 Mutual Authentication.
PARTICIPANTS
 Cardholder.
 Issuer.
 Merchant.
 Acquirer.
 Payment Gateway.
 Certificate Authority.

11. BLOCK DIAGRAM
PAYEE BENIFICER
Customer Financial Institute
i.e Bank.
Merchant Financial Institute
i.e Bank.
P.G
CUSTOMER MERCANT
C. F. I M. F. I

12. YOUTUBE LINK
OF
SET PROTOCOL
https://www.youtube.com/watch?v=GEVq9
YQVIm8&t=157s

13. Consumer-facing interfaces used to
collect payments.
In physical stores, payment gateways
consist of the point of sale (POS)
terminals used to accept payments
by card or by phone.
In online stores, payment gateways
are the “checkout” portals used to
enter credit card information or
credentials for services such as
PayPal.
PAYMENT
GATEWAYS

14. HOW PAYMENT
GATEWAYS WORK?

15. 03
ONLINE BANKING AND
RISK INVOLVED IN
E-PAYMENT

16. ONLINE BANKING
 Online banking allows a user to conduct financial
transactions via the Internet.
 Consumers aren't required to visit a bank branch
in order to complete most of their basic banking
transactions.
 A customer needs a device, an Internet
connection, and a bank card to register. Once
registered, the consumer sets up a password to begin
using the service.

17. RISK INVOLVED IN
E-PAYMENT
Electronic payment systems are popular because
of their convenience.
However, they also may pose serious risks to
consumers and financial institutions.

18. RISK
Payment Conflict
Stolen payment
credentials and
passwords.
Lack of
anonymity.
Impulse
Buying.
Tax Evasion

19. 04
CASE STUDY

20. ELECTRONIC PAYMENT &
SERVICES (EPS)
EPS works in close partnership with HPE to
put in place a highly scalable, available and
secure deployment and achieve its
business objective of delivering real-time
ATM transactions to end users of banks
and payment solutions to financial
institutions.

21. Financial Services. EPS offers managed ATM and outsourcing
services to public sector banks and
financial institutions on a pay-per-use
basis.
EPS needed high uptime for facilitate real-
time ATM transactions for banks. At the same
time, EPS needed a high level of security and
compliance.
Scalable, highly available, robust data
center and hosting solution.
Capacity planning .
Deployment management
OBJECTIVE SOLUTION
INDUSTRY APPROCH

22. THANKS!
Do you have any questions?
Shubham.pgdm2020@imsnoida.com
+91 8837763170