epayment methods

Universty of education (okara)

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ELECTRONICPAYMENTMETHODS

By: Saad Ali BSIT 4th(M)1037 To: Inam-ul-haq (AP)

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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


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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.


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MOST COMMON ONLINE PAYMENT SYSTEMSCredit cards are dominant form of

online payment, accounting for around 80% of online payments


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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


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PAYPAL TRANSACTION METHOD


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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

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Universty of education (okara)MONDEX WORKING

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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

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Universty of education (okara)EBAY PAYMENT METHOD

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Universty of education (okara)BIT COIN

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Universty of education (okara)BIT COIN

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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


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1-DIGITAL WALLETSConcept 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


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2-DIGITAL CASHOne 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


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HOW DIGITAL CASH WORK


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3-ONLINE STORED VALUE SYSTEMSPermit 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


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HOW A STORE VALUE SYSTEM WORKS


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4-DIGITAL ACCUMULATING BALANCE PAYMENT SYSTEMSAllows 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


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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: eChargeUniversty of education (okara)

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HOW A DIGITAL CREDIT CARD PAYMENT DONE


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6-DIGITAL CHECKING PAYMENT SYSTEMS

Extend the functionality of existing checking accounts for use as online shopping payment tools

Examples: PayByCheck, Western Union MoneyZap


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HOW ONLINE CREDIT CARD TRANSACTION WORK


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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


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




epayment methods

Education