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Unformatted text preview: .e. A Bank account or a physical address)
PayPal ELECTRONIC COMMERCE PAYMENT SYSTEMS
7. DIGITAL CHECKING PAYMENT SYSTEMS
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 .
Example is eCheck.
eCheck ELECTRONIC COMMERCE PAYMENT SYSTEMS
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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- Spring '11