Digital checks are encrypted with a digital signature

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Unformatted text preview: .e. A Bank account or a physical address) e.g. PayPal PayPal ELECTRONIC COMMERCE PAYMENT SYSTEMS ELECTRONIC 7. DIGITAL CHECKING PAYMENT SYSTEMS 7. Extend the functionality of existing Checking Accounts so they can be used for online shopping payments . Digital Checks are less expensive than Credit Cards and much faster than traditional Checking. Digital Checks are encrypted with a Digital Signature that can be verified and used for payments in e-commerce. Digital Checks (Electronic Checks) are useful in B2B . Digital are Example is eCheck. eCheck ELECTRONIC COMMERCE PAYMENT SYSTEMS ELECTRONIC 8. ELECTRONIC BILLING PRESENTMENT AND PAYMENT SYSTEMS 8. Enable the users to view their bills electronically and pay them through Electronic Fund Transfers (EFT) from Bank Account or with Credit Card Accounts. These services support payments for online and physical store purchases of goods services after purchase has taken place such as paying routine monthly bills. The System notifies the Purchasers about their Bills that are due, Present the bills, and Process the...
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