Electronic payment is any kind of non-cash payment that doesn't involve a paper check. Methods of electronic payments include credit cards, debit cards, and the ACH (Automated Clearing House) network. The ACH system comprises direct deposit, direct debit, and electronic checks (e-checks).

1. WELCOME
To My Presentation
Presented by
H. M. NASIM
ID: 211-25-***

2. Electronic Payment
Topic

3. Introduction
E-payments are payments that are made
electronically over the internet. Earlier
almost all the business transactions were
done through cash payments but now the
IT revolution has led to the development of
new forms of payment.

4. PAYMENTGATEWAY
Payment Gateways are the entities that
act as a medium for transaction
processing between the entities ( e.g.
MasterCard, visa) and Certification
Authorities (CA). They issue public-key
certificates to entities.

5. Payment Systems Architecture

6. Types of E-Payment System
Credit Cards
PaymentCards
A credit card is a thin rectangular piece
of plastic or metal issued by a bank or
financial services company, that allows
cardholders to borrow funds with which
to pay for goods and services with
merchants that accept cards for
payment.

7. Types of E-Payment System
PaymentCards
Debit Cards
A debit card is a payment card that deducts
money directly from a consumer’s checking
account when it is used. Also called “check
cards” or "bank cards," they can be used to
buy goods or services; or to get cash from an
automated teller machine or a merchant
who'll let you add an extra amount onto a
purchase.

8. Types of E-Payment System
PaymentCards
Smart Cards
A smart card is a physical card that has an
embedded integrated chip that acts as a
security token. Smart cards are used for a
variety of applications, though most commonly
are used for credit cards and other payment
cards. The chip on a smart card can be either
a microcontroller or an embedded memory
chip.

9. Types of E-Payment System
PaymentCards
Charge Cards
A charge card is a type of electronic payment
card that charges no interest but requires that
you pay the statement balance in full, usually
monthly. Charge cards are offered by a limited
number of issuers. They have an uncapped
spending limit with generous reward benefits
for the cardholder but typically charge a high
annual fee.

10. TypesofE-PaymentSystem
Micro-payment System
Micropayments are small transactions or
payments usually of less than a dollar—
and, in some cases, only a fraction of a
cent—that are mainly made online.
Example: an application download,
service, or Web-based content.

11. TypesofE-PaymentSystem
Peer-to-Peer Payments
Peer-to-peer payments, or P2P payments, are
transactions that can be used for anything from
splitting a dinner bill between friends to paying
the landlord rent. These payments allow the
transfer of funds between two parties using
their individual banking accounts or credit cards
through an online or mobile app.

12. Conclusion
It is therefore important to take into consideration the
adoption of digital payments systems in the economy.
The various challenges can be solved if further
research is done and more measures put in place to
prevent loss of identity and online fraud among other
challenges. The only system is a welcome tool that
easier the payment process which was in the past
tedious since it followed the manual payment system.

13. References
ARTHUR SCHLESINGER
1. https://en.wikipedia.org/wiki/E-commerce_payment_system
2. https://securionpay.com/blog/e-payment-system/
3. https://www.lyra.com/in/e-payments/
4. https://www.discover.com/credit-cards/resources/what-are-peer-to-peer-payments/
5. https://www.g2.com/articles/online-payment-processing
6. https://www.ucb.com.bd/pos-acquiring-service/e-commerce-online-payment-gateway/