Payment Systems. In the early days of e-commerce, online transactions were not possible. Customers could pay by cheque – post – bank – cleared – despatch.

Slides:

Advertisements

Similar presentations

What Are the Functions of ATM Machines?

Advertisements

A business makes payments for what it buys, In return it receives payments for goods it sells or services it provides.

1.7.6.G1 © Family Economics & Financial Education –March 2008 – Financial Institutions – Online Banking – Slide 1 Funded by a grant from Take Charge America,

Chapter 6 E-commerce Payment Systems. Traditional Payment Systems Cash Checking Transfers Credit Card Accounts Stored Value Accounts Accumulating Balance.

OVER VIEW OF BANKING FRAUDS

Electronic payment Methods: Defined: It is alternative payment mechanism for electronic transactions instead of traditional payment methods like cheque,cash,

There are many different ways of making and receiving payments. MAKING A PAYMENT Cash Cheque Credit cards Debit cards Direct debit Credit transfers.

Making, receiving and recording payments made to or from a business Welsh translation of above.

E-invoice for consumers Information in brief for invoicers February 2007.

1.7.6.G1 © Family Economics & Financial Education –March 2008 – Financial Institutions – Online Banking Funded by a grant from Take Charge America, Inc.

Electronic Commerce. On-line ordering---an e-commerce application On-line ordering assumes that: A company publishes its catalog on the Internet; Customers.

Bank & Insurance Ms. Cichon Rosholt High School. Financial Institutions Commercial Bank: Financial institution that offers a wide variety of banking services.

Electronic Payment By: El Panda. What is an electronic payment? Electronic money (also known as e-currency, e-money, electronic cash, electronic currency,

“Electronic Payment System”

FINANCIAL SOCCER Module 3 Credit, debit and prepaid cards Collect a quiz and worksheet from your teacher.

Traditional and Electronic Payment Methods Chapter 3.

3. 18 Methods of making and receiving payments Methods of making and receiving payments Banks and bank accounts  All businesses have bank accounts.

Electronic Payment Systems University of Palestine University of Palestine Eng. Wisam Zaqoot Eng. Wisam Zaqoot March 2010 March 2010 ITSS 4201 Internet.

How should I pay?. I listed these in the order I think you are most likely to encounter them.  Cash  Check  Debit card (use for a Debit or Credit transaction)

DEBIT CARD, CREDIT CARD & SMART CARD

Electronic Payment Systems

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Banking Services and Fees 9.

BZUPAGES.COM Electronic Payment Systems Most of the electronic payment systems on internet use cryptography in one way or the other to ensure confidentiality.

The difference between a Credit and Debit Card Debit card: Give you access to your funds immediately Credit card: You use money you don’t have but are.

CIS 342: e-Commerce Applications Prof Frye

ICA on-line shopping & on-line banking. On-line shopping In early days of internet this was limited due to concerns over security of personal and bank.

What is E-commerce Safety Precautions Password Strengths

Payments Compare different payment systems. Payment systems In the early days of e-commerce, on line transactions were not possible. Customers could pay.

3.3 Internet Services. Overview Demonstrate knowledge and understanding of the following internet services and describe the advantages and disadvantages.

Lloydes TSB Case Study Lloyds: LloydsTsb is the banking arm of Lloyds International One of the only banks left with rural branches found in villages They.

Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill Technology Education Chapter 10B Doing Business in the Online World.

Topic 4 : Know the features of a current account.

Payment Methods There are many ways to pay for goods and services.

Read to Learn Discuss the different types of checking accounts and how they work. Discuss other services and offerings that banks provide checking account.

Electronic Payment Systems. How do we make an electronic payment? Credit and debit cards Smart cards Electronic cash (digital cash) Electronic wallets.

What is Money??? Money is the name given to the value we place on things. Generally accepted in exchange for goods Nowadays, money is used instead of.

E-Commerce. 2 What is E-commerce?  Electronic commerce (e-commerce) –A business transaction that occurs over a computer network. –Sometimes called e-business.

WIRELESS CONNECTIONS & E-COMMERCE. Presentation Credits “Introduction to Computers” by Peter Norton “Using Information Technology” by V. Rajaraman.

Money & Banking 2. Cheques Current account holders can use it to make payments. Written permission to a bank to pay someone a certain amount of money.

PayPal™ Options Basic description for utilizing PayPal™ for payment options for your chapter The following PayPal™ information was graciously provided.

Traditional and Electronic Payment Methods Chapter 3.

Chapter 6- Source Documents. Source Document (p. 165)  Is a business paper that shows the nature of a transaction.

Basic Bank Services Bank account Bank deposits and cheques Electronic funds transfer Bank credit card transactions Debit card transactions 1 © 2013 McGraw-Hill.

Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill Technology Education Chapter 9B Doing Business in the Online World.

7.3 Protect your Identity Objective: Understand the importance of managing and protecting your personal credit….

What is an electronic payment?

Payment Systems Unit 34: E-commerce M2 - Compare two different payment systems used in e-commerce systems.

Cashflows Facility. Recommended Supplier Provides a facility to trade online and accept debit and credit card payments from customers Learning experience.

Justice Stillwell 1.  Pre paid cards are non- reloadable  Similar to credit cards  No line of credit needed  Make sure you have enough balance before.

Types of transactions. What is it? An electronic payment is any kind of non-cash payment that doesn't involve a paper check. Methods include credit cars,

How does it work? Explain the process... Is a subset of an e-commerce transaction to include electronic payment for buying and selling goods or services.

Adam Shields Sarah Purdy. What is PayPal? PayPal is an online payment service that allows individuals and businesses to transfer funds electronically.

Unit 8: Assignment 1 – Task

Networking E-commerce. E-commerce ► A general term used to describe the buying and selling of products or services over the Internet. ► This covers a.

ONLINE SHOPPING. Refers to buying and selling of goods and services using websites accessed through the internet physical goods such as clothes and books.

Methods of Payment Cash

1.7.2.G1 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take Charge.

Types of Money How should I pay?. Types of money I listed these in the order I think you are most likely to encounter them.  Cash  Check  Debit card.

Prepared for: SHAMSUL BAHARIN SAIHANI Prepared by: Salmi binti Ibrahim ( ) Zunainah binti Abd Aziz ( )

 In its simplest form ecommerce is the buying and selling of products and services by businesses and consumers over the Internet.

Payment gateway is the service to process credit card transactions for the online customers, these gateway transactions are offered by different banks.

Types of Money How should I pay?. Types of money I listed these in the order I think you are most likely to encounter them.  Cash  Check  Debit card.

E-commerce payment system facilitates the acceptance of electronically made payment methods for online transactions. Also known as Electronic Data Interchange.

ELECTRONIC PAYMENT SYSTEMS MGT 546 PREPARED FOR: SHAMSUL BAHARIN SAIHANI PREPARED BY: SITI SHAMEEN ALIA BINTI ALIAS NUR ATIQAH BINTI MOHD MAZLAN.

MONEY MANAGEMENT BY: ERIC WALKER REVIEW UNITS 1-4.

Paypal PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. With a PayPal account, you can send and.

There are many different ways of making and receiving payments.

Entrepreneurship Secure Ordering Presented By Mrs. Bowden.

Chapter 6- Source Documents

Shopping experience! Is it safe to pay online? Ian Ramsey

Presentation transcript:

Payment Systems

In the early days of e-commerce, online transactions were not possible. Customers could pay by cheque – post – bank – cleared – despatch goods. Credit Card – telephoning / ing credit card details – not safe – number would be split over several s – not reliable.

Improved technology such as SSL (Secure Socket Layers) and HTTPS has also allowed websites to provide better security to reassure customers. Electronic cheques work in a similar way to paper cheques, although they are instigated digitally. Customer asks their bank to make a payment to a creditor or vendor and the bank can either pay this immediately, if they can accept electronic payment or produce a paper cheque for the company if they cannot.

Businesses are protected when payment is by credit card because the bank will provide the money - invoice the customer: so the businesses will always get paid whether or not the customer can pay his/her credit card bill. Debit cards are now accepted as a method of payment as more e-commerce transactions take place and not everyone wants or has a credit card.

Paypal Paypal is currently the most popular method of on-line payment. The user uploads money into the paypal account from a bank using a digital transfer. The money can then be used to make safe instant payments. Customers feel this is safer because they are not inputting their bank card details into a variety of websites, just the paypal site.

CV2 When making payments on line, several details from a card are necessary: issue number – expiry date – full name on card. Including also the CV2 security number from the back, which was originally introduced just for e-commerce transactions.

Splash Plastic Splash Plastic was devised by PrePay technologies from the UK. It is a card that can be loaded with money at the Co-op, Post offices or bank account. It can be used instead of a credit/debit card to make online purchases. March money Splash Plastic: Maestro symbol. It is available for people aged 10 and older and it can be loaded with a maximum of £1000.