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angelackptwk7it205 - payments to merchants and other...

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The different categories of e-commerce are business-to-consumer (B2C) electronic commerce involves retailing products to individual shoppers. Best Buy is an example of a brick and mortar store that sells directly to the consumer. Business-to-business (B2B) electronic commerce involves sales of goods and services among businesses. Consumer- to-consumer (C2C) electronic commerce involves consumers selling directly to consumers. There are several different types of electronic payment systems. Digital credit card payments are used by 90 percent of the United States. Digital wallets are for paying for purchases over the Web accumulated balance digital payment systems. Accumulated balance digital payment systems enable users to make micropayments and purchases on the Web. Online stored value payment systems enable consumers to make instant online
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Unformatted text preview: payments to merchants and other individuals based on value stored in an online digital account digital checking. Digital checking systems such as Pay by Check extend the functionality of existing checking accounts so they can be used for online shopping payments. The electronic payment system used most often is the credit card system. This is the application that most organizations use on a regular basis. Internet technology supports business to business e commerce by allowing business to create new store fronts on the World Wide Web. It gives business information about a product with multimedia graphic displays and interactive features similar to those for B2C commerce. , businesses can use Internet technology to create extranets or electronic marketplaces for linking to other businesses for purchase and sale transactions....
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