2. INTRODUCTION
• E-payment system is a way of making transactions or paying for goods and services through an
electronic medium without the use of check or cash. It’s also called an electronic payment system
or online payment system. he electronic payment system has grown increasingly over the last
decades due to the widely spread of internet-based banking and shopping. As the world advance
more on technology development, a lot of electronic payment systems and payment processing
devices have been developed to increase, improve and provide secure e-payment transactions
while decreasing the percentage of check and cash transaction.
8. CHARGE CARDS
• Are similar to credit cards except they have no revolving credit line so
they have make payments every month.
9. E-WALLETS
E-wallet is a card with microchip.
Replaces cash & coins for small ticket purchases like road/bridges tolls,
pay phones.
It is convenient & safe way to carry less cash.
Example Microsoft Wallet.