Analysis of Electronic Payment Systems

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Running head: ANALYSIS OF ELECTRONIC PAYMENT SYSTEMS 1 Analysis of Electronic Payment Systems Andrew J. Ayers IT/205 April 20, 2011 Robert Morris
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ANALYSIS OF ELECTRONIC PAYMENT SYSTEMS 2 Analysis of Electronic Payment Systems Name and describe various categories of e-commerce. Business-to-consumer – (B2C) - this is where businesses sell products and or services to individual consumers. Some examples would be Amazon.com, banking, travel services, online auctions, health information and real estate sites, and peer-to-peer sites such as Craigslist. Business-to-business – (B2B) - this describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer. Cisco is an example of one of the first B2B catalogs online. Other examples of B2B e-commerce are intranet services and Web meetings. Consumer-to-consumer – (C2C) – this involves the electronically- facilitated transactions between consumers through some third party. A common example is the online auction (such as EBay), in which a consumer posts an item for sale and other consumers bid to purchase it. Compare and contrast electronic payment systems. Which types do you use most often?
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