The document is a presentation on e-payment systems. It discusses the definition of e-payment, objectives of e-payment such as understanding concepts and security services. Examples provided include online reservations, bill payments, and ticketing. Methods discussed include online and offline, with online relying on trusted third parties like banks. Types of e-payment explained are e-cash, e-wallets, smart cards, and credit/debit cards. Security requirements and how payment gateways work are also summarized. The conclusion is that e-payment expands markets and makes payments more convenient.
2. Points to be discussed
Definition of e-payment
Objectives of e-payment
Examples of e-payment
Methods of e-payment
Types of e-payment
Security requirement of e-payment
Payment gateway
Conclusion
How e-payment works (video)
Presented by Gourav Sisodia
3. Definition of E-payment
Electronic payment system is a system which helps
the customer or user to make online payment for
their shopping.
To transfer money over the internet
Methods of traditional payment
(cheque, credit cards, or cash)
Methods of electronic payment
(electronic cash, software wallets, smart cards,
and credit/debit cards.
Presented by Gourav Sisodia
4. Objectives of e-payment
To understand the concept of electronic payment
system and its security services.
To bring out solution in the form of applications to
uproot electronic payment
To understand working of various electronic
payment system based applications
Presented by Gourav Sisodia
5. Examples of e-payment
Online reservation
Online bill payment
Online order placing (NIRULA’S)
Online ticketing booking (Bookmyshow)
Presented by Gourav Sisodia
6. Methods of e-payment
There are two methods :-
Online method
1. Individual does not have possession personally of
electronic cash
2. Trusted third party. E.g. :- online bank, holds
customer's accounts
Offline method
1. Customer holds cash on smart card or software wallet
2. Fraud and double spending require tamper-proof
encryption.
Presented by Gourav Sisodia
7. Types of e-payment
E-cash
A system that allows a person to pay for goods or
services by transmitting a number from one
computer to another.
E- wallet
It is another payment scheme that operates like a
carrier of e-cash and other information.
Presented by Gourav Sisodia
8. Types of e-payment
Smart cards
It is any pocket sized card with embedded integrated circuits
which can process data.
Credit cards
1. It is a plastic card having a Magnetic Number and code on
it.
2. It has some fixed amount to spend
3. Customer has to repay the spend amount after sometime.
Presented by Gourav Sisodia
9. Security requirement of E-
payment system
Authentication
Integrity
No-reputation
Privacy
safety
Presented by Gourav Sisodia
10. What is payment gateway
It is an e-commerce application service provider
service that authorizes payments for e-business,
online shopping, etc.
Payment gateway protects credit cards detail
encrypting sensitive information such as credit
card numbers, to ensure that information passes
securely between the customer and the merchant
and also between merchant and payment processor.
Presented by Gourav Sisodia
12. CONCLUSION
Expand market beyond Traditional
geographic market
Override traditional marketing system into
digital marketing system.
Made human life convenient as a person
can pay his payment online while he is
taking rest.
Presented by Gourav Sisodia