Lecture7.pdf - BITG 2113 E-COMMERCE AND WEB DESIGN Lecture...

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BITG 2113 E-COMMERCE AND WEB DESIGN Lecture 7 E-Commerce Payment Systems Order Fulfillments & Payment Gateways
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The Payment Revolution Crucial factors that determine whether a method of e-payment achieves critical mass: Independence Interoperability and Portability Security Anonymity Divisibility Ease of Use Transaction Fees Regulations
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3 The Payment Process SOURCE: PHILIP TROMP, PERAGO.COM Initiate Payment Complete Payment Notify of Payment Agree on Trade Complete Trade Buyer Buyer Payment Access Point Bank Clearing House Bank Seller Payment Access Point Seller BANKING SYSTEM CUSTOMER PAYMENT SERVICE SYSTEM NATIONAL ECONOMY / FINANCIAL MARKETS Clear/ Switch Settle Instruct Payment INTERBANK SYSTEM Central Bank
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Slide 6-4 B2C Digital Payment Systems Digital Cash Online Stored Value Systems Smart Card Stored Value Systems Digital Credit Card Payment Systems Digital Wallets Digital Accumulating Balance Payment Systems Digital Checking Payment Systems
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Most Common Payment Systems, Based on Number or Transactions
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