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Unformatted text preview: 1 CheckPoint: Analysis of Electronic Payment Systems Cecily A. Canales IT/205 October 4, 2013 Chester Grice 2 CheckPoint: Analysis of Electronic Payment Systems There are three types of e-commerce transaction classifications. The first is Business-to- consumer, which involves a business retailing products and services to a single shopper. The next classification is Business-to-business, this involves a sale of goods or services from one business to another. The third classification is consumer-to-consumer, which involves a person selling goods to another person. For example, if I sold a TV on eBay and someone purchased the item from me that would be a consumer-to-consumer transaction. There are also different types of electronic payment systems; online credit card payment system, electronic check system, electronic cash system, and smart card-based electronic payment system. The online credit card payment system works by the consumer sending their credit card information to the service provider, then the credit card organization will handle the...
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- Spring '08
- Networking, Electronic Payment systems