Payment transactions using online banking Mobile banking Payment apps and services

1. E-commerce
CLASS : XII(PYTHON)
NETWORK

2. E-COMMERCE
Ecommerce, also known as electronic commerce or internet
commerce, refers to the buying and selling of goods or
services using the internet, and the transfer of money and data
to execute these transactions

3. INDEX
• Payment transactions using online banking
• Payment apps and services

4. Payment transactions using online banking
• Credit Card
• Debit Card
• Online Banking
• Mobile banking

5. Credit Card
It is a small plastic card with a unique number attached with an account. It has also a
magnetic strip embedded in it which is used to read credit card.When a customer
purchases a product through credit card, credit card issuer bank pays on behalf of the
customers and customer has a certain time period after which he/she can pay the
credit card bill.

6. Debit Card
A debit card is a payment card that deducts money directly from a consumer’s
checking account to pay for a purchase. Debit cards eliminate the need to carry cash or
physical checks to make purchases directly from your savings. In addition, debit cards,
also called “check cards,” offer the convenience of credit cards and many of the same
consumer protections when issued by major payment processors such as Visa or
Mastercard.

7. Online Banking
Online banking allows a user to conduct financial transactions via the Internet. Online
banking is also known as Internet banking or web banking.Online banking offers
customers almost every service traditionally available through a local branch including
deposits, transfers, and online bill payments.

8. Mobile Banking
Mobile banking is the act of making financial transactions on a mobile device (cell
phone, tablet, etc.). This activity can be as simple as a bank sending fraud or usage
activity to a client’s cell phone or as complex as a client paying bills or sending money
abroad.

9. Payment apps and services
Payment Apps or mobile wallet refers to the payment services operated under financial
regulation and is performed using a mobile device. Mobile banking is a service
provided by a bank or other financial institution that allows its customers to conduct
financial transactions remotely using a mobile device such as a smartphone or tablet.