This document discusses electronic payment systems. It defines e-payment as any payment made through a telecommunications or electronic network from individuals or businesses to other businesses. The document outlines different types of e-payment methods including electronic funds transfer, mobile payments, and electronic token-based systems. It also describes various e-payment media like credit cards, debit cards, smart cards, electronic checks, e-cash, and e-wallets. Advantages of electronic payment systems are increased speed, convenience and sales while disadvantages include security concerns, disputed transactions, and increased business costs.

1. ELECTRONIC PAYMENT
SYSTEM

2. PRESENTED BY
Nishad Mon MP
SUNNIYYA ARABIC COLLEGE

3.  E- payment is a subset of an e-
commerce transaction to include
electronic payment for buying
and selling of goods or services
offered through the internet.

4. It is a financial exchange that takes
place online between buyer and sellers.
The content of this exchange is usually
some form of digital financial
instruments such as(encrypted credit
card numbers, electronic cheques or
digital cash) that is backed by a bank or
an intermediary, or by a legal tender

5. DEFINITION
E payment is defined as any payment to
a business by individual customers or
business houses which is executed
through a telecommunication or
electronic network

6. Types of E-payment systems
Electronic Fund Transfer
Payment through mobile phone
Electronic token based systems

7. EFT is used to transferring money from one
bank account directly to another without any
paper money changing hands like, direct
debit payments or electronic bill payments in
online banking

8. Payment through mobile phone:
A mobile payment is a
money payment made for a product
or service through a portable
electronic device such as a tablet
or cell phone. Mobile
payment technology can also be
used to send money to friends or
family members, such as with the
applications PayPal and Venmo

9. Electronic token based payments:
it is an modern form of E- payment
which is based on electronic tokens,
which are provided by banks or
financial institutions.

10. E- PAYMENT MEDIA
Credit Card
Debit Card
Smart Card
Electronic Cheque
Electronic Cash
E- Wallet or Digital
Wallet

11. CREDIT CARD
A credit card is a payment card issued to
users as a system of payment
It allows the cardholder to pay for goods
and services based on the holder’s
promise to pay for them

12. DEBIT CARD
A debit card is a plastic card when provides
an alternative payment method to cash
when making purchase
It looks just like a ATM card, it eliminates
the need to carry cash or physical cheque to
make purchases

13. SMART CARD
 It is similar to credit card and debit card in
appearance but it has a small microprocessor
chip embedded in it. It has the capacity to store
customer work related/personal information.
 Smart card can accessed only using a PIN (
Personal Identification Number) of customer.

14. ELECTRONIC CHEQUE
It resembles the function of paper
cheques but offer greater security and
more features
It offer protective measures such as
digital signature and encryption to safe
guard transactions

15. E- CASH
 A system that allows a person to pay for goods or
services by transmitting a number from one
computer to another
 Like the serial numbers on real currency notes,
the E cash numbers are unique
 This is issued by bank and represents a specified
sum of money and these are anonymous and
reusable

16. E –WALLETS
The E-wallet is another payment scheme
that operates like a carrier of e-cash and
other information
It gives the customers a single, simple,
and secure way of carrying currency
electronically
Trust is the basis of the e-wallet as a
form of electronic payment.

17. ADVANTAGES AND DISADVANTAGES OF EPS
ADVANTAGES
Increased speed and
convenience
Increased sales
Reduced transaction
costs
DISADVANTAGES
Security concerns
Disputed
transactions
Increased business
costs