This document discusses various electronic payment methods. It describes e-payment systems and their importance for e-commerce. Then it outlines different types of e-payment systems including PayPal, Mondex, eBay, Bitcoin, digital wallets, digital cash, online stored value systems, digital accumulating balance payment systems, digital credit accounts, and digital checking. For each type, it provides details on how the system works and examples.

1. ELECTRONIC
PAYMENT
METHODS
By:
Saad Ali
BSIT 4th(M)1037
To:
Inam-ul-haq (AP)
Universtyofeducation(okara)
1

2. TABLE OF CONTENT
 E-payment system
 Types of E-payment system
 PayPal, Mondex , eBay , bit coin
 Digital Wallet
 Digital cash
 Online stored value systems
 Digital accumulating balance payment
systems
 Digital credit accounts
 Digital checking 2
Universty of education (okara)

3. E-PAYMENT SYSTEMS
 All business activities need the support of
payment system, so does the e-commerce.
As e-commerce process transactions
through the Internet, it requires a more
secure, stable and efficient payment system
for supporting commerce done
electronically. By the success of online
banking and online payment in recent years,
the market seems to have a solution for e-
commerce. Online payment can be
conducted in different means, such as
intelligent card (IC), e-check, e-Wallet, e-
Cash etc. 3
Universty of education (okara)

4. MOST COMMON ONLINE
PAYMENT SYSTEMS
 Credit cards are dominant form of online
payment, accounting for around 80% of
online payments
4
Universty of education (okara)

5. PAYPAL
 No set-up fee, easy to qualify
 Easy to integrate in Web site
 Chargeback protection program
 Fee at most 2.9% of sale plus 30¢
 40 million users (good or bad?)
 Requires customer registration at PayPal
5
Universty of education (okara)

6. PAYPAL TRANSACTION METHOD
6
Universty of education (okara)

7. MONDEX
 Smart-card-based, stored-value card (SVC)
 Subsidiary of MasterCard
 NatWest (National Westminister Bank, UK) et al.
 Loaded through ATM
 ATM does not know transfer protocol; connects with
secure device at bank
 Spending at merchants having a Mondex value
transfer terminal
7
Universtyofeducation(okara)

8. MONDEX WORKING
8
Universtyofeducation(okara)

9. EBAY
 eBay Inc. (stylized as "ebay" since late 2012) is an
American Multinational corporation and e-commerce
company, providing consumer-to-consumer and business
to consumer sale services via the internet
 The company manages eBay.com, an online actions and
shopping website in which people and businesses buy
and sell a broad variety of goods and services worldwide
9
Universtyofeducation(okara)

10. EBAY PAYMENT METHOD
10
Universtyofeducation(okara)

11. BIT COIN
11
Universtyofeducation(okara)

12. BIT COIN
12
Universtyofeducation(okara)

13. TYPES OF E-PAYMENT SYSTEM IN CURRENT AGE
 Digital Wallet
 Digital cash
 Online stored value systems
 Digital accumulating balance payment systems
 Digital credit accounts
 Digital checking
13
Universty of education (okara)

14. 1-DIGITAL WALLETS
Concept of digital wallet relevant to many of
the new digital payment systems
 Seeks to emulate the functionality of
traditional wallet
 Most important functions:
*Authenticate consumer through use of digital
certificates or other encryption methods
*Store and transfer value
*Secure payment process from consumer to
merchant
 Most common types are client-based
software applications: Gator eWallet.com,
asterCard Wallet 14
Universty of education (okara)

15. 2-DIGITAL CASH
One of the first forms of alternative
payment systems
 Not really “cash”: rather, are forms of
value storage and value exchange that
have limited convertibility into other
forms of value, and require
intermediaries to convert
 Many of early examples have
disappeared; concepts survive as part of
P2P payment systems 15
Universty of education (okara)

16. HOW DIGITAL CASH WORK
16
Universty of education (okara)

17. 3-ONLINE STORED VALUE
SYSTEMS
 Permit consumers to make instant,
online payments to merchants and other
individuals based on value stored in an
online account
 Rely on value stored in a consumer’s
bank, checking, or credit card account
17
Universty of education (okara)

18. HOW A STORE VALUE SYSTEM WORKS
18
Universty of education (okara)

19. 4-DIGITAL ACCUMULATING
BALANCE PAYMENT SYSTEMS
 Allows users to make micropayments and
purchases on the Web, accumulating a debit
balance for which they are billed at the end of
the month
 Examples: Qpass, Valista, Clickshare, Click &
Buy, Peppercoin
19
Universty of education (okara)

20. 5- DIGITAL CREDIT CARD
PAYMENT SYSTEMS
Extend the functionality of existing credit cards
for use as online shopping payment tools
-Focus specifically on making use of credit
cards safer and more convenient for online
merchants and consumers
-Example: eCharge
20
Universty of education (okara)

21. HOW A DIGITAL CREDIT CARD PAYMENT DONE
21
Universty of education (okara)

22. 6-DIGITAL CHECKING
PAYMENT SYSTEMS
 Extend the functionality of existing checking
accounts for use as online shopping payment
tools
 Examples: PayByCheck, Western Union
MoneyZap
22
Universty of education (okara)

23. HOW ONLINE CREDIT CARD
TRANSACTION WORK
23
Universty of education (okara)

24. REFERENCE :
•http://www.bing.com/search?q=slideshare&form=PRUSEN&mkt=en-
us&refig=83b76a7be1be44aa995e2451b092673f&qs=AS&pq=slide&sk=AS2&
sc=8-5&sp=3&cvid=83b76a7be1be44aa995e2451b092673f
•http://www.bing.com/search?q=wikipedia+org&filters=ufn%3a%22wikipedia
+org%22+sid%3a%223b30aeb1-32ee-2dbf-e322-
4e7c55beee2b%22&qs=MB&pq=wiki&sc=8-
4&sp=1&cvid=25F9342E5D694794B5C3F61A8A1ACDBD&FORM=QBRE&ghc
=1
Universty of education (okara)
24