The future of the mobile payment as electronic payment system. Electronic business methods enable companies to link their internal and external data processing systems more. An ecommerce payment system or an electronic payment system facilitates the acceptance of electronic payment for online transactions. This also varies widely from one ecommerce activity to the other. Pdf the electronic payment system as an ecommerce enabler. Types of payment systems and instruments everyday people tradeexchange goods and services for money. Electronic commerce research and applications will contribute to the establishment of a research community to create the knowledge, technology, theory, and applications for the development of. E commerce electronic commerce, commonly written as e commerce, is the trading in products or.
Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexible, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers. Electronic payment systems free download as powerpoint presentation. Electronic payment is the economic backbone of all ecommerce transactions. Two main components of security requirements for ecommerce are type of firewall and encryptionalgorithm mechanism. An epayment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash.
Case study of ecommerce payment system pay pal e commerce. Includes online travel, event tickets and digital download sales. This lecture will support you to understand the concept of electronic payment system in ecommerce or e business. Electronic commerce research and applications journal. With money being the major medium of exchange, payments systems were developed out of a. For merchants who are interested in international markets, there is a need to support a variety of epayment mechanisms, including bank transfers, cod, electronic checks, privatelabel cards, gift cards. The outcome of our research as of october 25, 2015, is documented in the subsequent lines. Electronic payment systems, electronic commerce, credit cards, electronic cash. Ppt electronic payment systems powerpoint presentation. E commerce mangement page 5 module i introduction to e commerce e commerce is a latest technology related with commerce and computer.
Ecommerce payment systems are softwares that facilitate the authorization of online payments. Keywords electronic commerce, payment systems, open networks, secure transactions, security, privacy. Electronic payment systems for competitive advantage in e. Electronic commerce draws on technologies such as mobile commerce. Ecommerce, payment, debit cards, credit cards, internet. Your current transaction details and your electronic merchant statement will be available by the 5th business day of each month. He has been a professor of management information systems and electronic commerce at kaist since 1985, and served as dean of the college of business during 20067.
The electronic payment system eps as an ecommerce enabler. Mcq quiz on e commerce multiple choice questions and answers on ecommerce mcq questions quiz on e commerce objectives questions with answer test pdf. Electronic payment system in ecommerce or e business. Electronic payment systems for competitive advantage in ecommerce provides relevant theoretical frameworks and the latest empirical findings on electronic payment systems in the digital.
Ecommercenotespdflecturenotesuniversitylevel studocu. Here you can download the free lecture notes of e commerce pdf notes ec notes materials with multiple file links to download. The payment system initiatives undertaken by the rbi have resulted in deeper acceptance and penetration of modern electronic payment systems in the. A compendious study of online payment systems semantic scholar. Electronic payment options electronic payment options allow to pay a business transaction without cash. Also known as financial electronic data interchange fedi, ecommerce payment. Electronic payment system globip business investments and. Ecommerce systems technology infrastructure 233 ware fit that description of middleware. This mode of payment, without using cash or cheque, is called an ecommerce payment system and is also known as online or electronic payment systems. It is used in common business but becomes more and more important in ecommercemarkets. E commerce multiple choice questions and answers mcq.
These systems are typically comprised of a shopping cart provider, a payment gateway and. Electronic payment systems for ecommerce donal omahony, michael a. Definition of ecommerce ecommerce or electronic commerce is a process of buying, selling, transferring, or exchanging products, services, andor information via electronic networks and. The business application was a hodgepodge of business logic, network and database interfaces, and. Design of a secure unified epayment system in nigeria core. Analysis on online payment systems of ecommerce supervisor. Ecommerce could deliver a significant benefit to businesses in developing countries by increasing their control over its place in the supply chain, thus improving its market efficiency. Pdf on jan 1, 2002, craig parker and others published electronic payment. Of course, we looked up the term e commerce and other related terms in the popular encyclopaedia wikipedia.
An ecommerce payment system facilitates the acceptance of. This book covers the major subjects related to e payment such as, for example, public key infrastructure, smart cards, payment agents, digital cash, set protocols, and micro payment. Worlds best powerpoint templates crystalgraphics offers more powerpoint templates than anyone else in the world, with over 4 million to choose from. During the checkout process, you bring out your credit card and swipe it or enter your number, the money is transferred, and you are on your way. Ecommerce or electronics commerce sites use electronic.
Electronic commerce defined electronic commerce, in a broad sense, is the use of computer networks to improve organizational performance. This book covers the major subjects related to epayment such as, for example, public key infrastructure. The electronic payment system is considered as the backbone of. It is a system which helps the customer or user to make online payment. Epayment system the automated process of exchanging monetary values among parties in business transactions. Increasing profitability, gaining market share, improving. Peirce, hitesh tewari, omahony donal, donal, omahony on. The most uptodate, comprehensive overview of ecommerce today lively and fun to read, ecommerce 2019. Download now electronic payment is the economic backbone of all e commerce transactions. What are the different types of ecommerce payment systems.
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