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lectronic Payment System(EP
Electronic Payment System(EPS)
The system which helps the customer to make online payments.
EPT facilitates the acceptance of electronic payment for online
transactions. Also known as a sample of electronic data inter
change(EDI).
In north America almost 90% of online retail transactions were
done by this parent type.
Examples of EPS:
Online reservation
Online ticket booking(movie)
online bill payment
Online order placing(nirulas)
Generic E-Pament System
3
Invoices
Payer Payee
Registration Payment Authorisation
Issuere Acquirer
Inter- bank settlement
Phases in E- Payment
system
Registration
Invoicing
Payment selection & processing
Payment authorisation & confirmation
Methods of online payment
Net banking
Credit cards
Debit cards
Smart cards
Paypal
Google wallet
Mobile money wallet
Bitcoin etc…
Advantages of EPS
Time saving
Expenses control
Reduced risk of loss & theft
Low commissions
User friendly
Convenience
Increased profitability
Disadvantages of EPS
Restrictions
Risk of being hacked
Money transfer between payment systems
Lack of anonymity
Necessity of internet access
Thank you

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Electronic payment system (Eps)

  • 2. Electronic Payment System(EPS) The system which helps the customer to make online payments. EPT facilitates the acceptance of electronic payment for online transactions. Also known as a sample of electronic data inter change(EDI). In north America almost 90% of online retail transactions were done by this parent type. Examples of EPS: Online reservation Online ticket booking(movie) online bill payment Online order placing(nirulas)
  • 3. Generic E-Pament System 3 Invoices Payer Payee Registration Payment Authorisation Issuere Acquirer Inter- bank settlement
  • 4. Phases in E- Payment system Registration Invoicing Payment selection & processing Payment authorisation & confirmation
  • 5. Methods of online payment Net banking Credit cards Debit cards Smart cards Paypal Google wallet Mobile money wallet Bitcoin etc…
  • 6. Advantages of EPS Time saving Expenses control Reduced risk of loss & theft Low commissions User friendly Convenience Increased profitability
  • 7. Disadvantages of EPS Restrictions Risk of being hacked Money transfer between payment systems Lack of anonymity Necessity of internet access