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Unformatted text preview: When comparing electronic payment systems the first form would be credit cards which is the most commonly used and accepted form of payment from most retailers. Another would be digital wallet which stores the information of the buyer and fills in the gaps at checkout which eliminates the buyer needing to enter the information over and over again. Stored value payment is one of the most common forms today which include sites like PayPal which you would deposit money into an account and the balance would remain for future purchases. Digital checking is another which I have used to pay my utility bills because it is a lot faster than sending a regular check. Internet technology and the B2B model help businesses look for suppliers as well as increasing the value of products. It also helps with good communication between consumers and businesses. Internet technology has also opened the door that connects consumers to businesses and provide larger profits and more information....
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This note was uploaded on 12/09/2011 for the course IT 205 IT 205 taught by Professor Taylor during the Spring '09 term at University of Phoenix.
- Spring '09