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Unformatted text preview: Credit
card to deposit money, for the amount of the purchase, in the Seller’s
Bank account. ELECTRONIC COMMERCE PAYMENT SYSTEMS
2. DIGITAL WALLETS A Digital Wallet securely stores Credit Card and the owner identification
information such as Shopper’s name, Credit Card number, Shipping
information i.e. Delivery address, Date and specific instruction etc…
automatically when invoked to complete the purchase
Digital Wallets make paying for purchases over the Web more efficient
by eliminating the need for Shoppers to enter their address and Credit
Card details repeatedly each time they buy something.
e.g. Q*Wallet and Google Toolbar Autofill are examples of Digital
Wallet. ELECTRONIC COMMERCE PAYMENT SYSTEMS
3. ACCUMULATED BALANCE DIGITAL PAYMENT SYSTEMS
Enable users to make Micropayments, when purchases on the
It accumulates a Debit balance on users Credit card or Telephone
bills that must be paid periodically.
Micropayment Systems have been developed for purchase
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- Spring '11