Analysis of Electronic Payment Systems

Analysis of Electronic Payment Systems - A credit card...

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Analysis of Electronic Payment Systems IT205 By: Virginia Kirby June 3, 2011
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There are many different kinds of e-commerce. The most common are consumer to consumer, business to business, business to consumer and M-commerce. Consumer to consumer is consumers selling things directly to other consumers. Business to business is businesses selling goods or services to other businesses. Business to consumer is businesses selling to individual buyers. M-commerce is when a purchase is made with a hand held device. Several kinds of electronic payment systems are used. Some of these include: credit card payment systems, micro payment systems, digital wallets, cellphones, digital checking systems, accumulated digital payment systems and systems for digital checking.
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Unformatted text preview: A credit card holder can send information to merchants and processing banks with a protected payment processing system. Mastercard, Visa, and Discover Card are different kinds of credit cards. Digital wallets keep credit card information stored and safe when it is used. Purchases under ten dollars can use the micro payment system. When a consumer has a balance through internet shopping that they will pay later by credit card this is called accumulated digital payment systems. A digital checking system lets consumers pay for goods on the internet with a check. Internet technology supports business to business e-commerce by providing access to manufacturers and the lowest prices from merchants....
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This note was uploaded on 07/15/2011 for the course IT 205 taught by Professor Kurts during the Spring '08 term at University of Phoenix.

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Analysis of Electronic Payment Systems - A credit card...

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