Business to Business application s 1Ordering 2Delivery Confirmation 3Stock

Business to business application s 1ordering

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Business to Business application s: 1.Ordering 2.Delivery Confirmation 3.Stock Control 4.Authentication 5.Supply chain Information 6.Distributed teams & Collaboration Sucess Factors of M- Commerce M-Commerce is an emerging market. 1.Innovative Business model 2.Consumers adoption 3.Technology availabilty 4.interoperable system 5.Has become a part of human life
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MODULE IV ELECTRONIC PAYMENT SYSTEM Electronic Payment system is a financial exchange that takes place online between buyers and sellers. The content of this exchange is usually some form of digital financial instrument {such as encrypted credit card numbers, electronic cheques or digital cash) that is backed by a bank or an intermediary, or by a legal tender. The various factors that have leaded the financial institutions to make use of electronic payments are: 1. Decreased technology cost 2. Reduced operational and processing cost 3. Increasing online commerce The Internet Payment Processing System The participants in an online electronic payment transaction include the following: 1. The Customer: Customer in an e commerce may be the holder of a payment card such as credit card or debit card from an issuer 2. The issuer: The issuer means a financial institution such as bank that provides the customer with a payment card .The issuer is responsible for the card holder’s debt payment. 3. The Merchant – The person or organizations that sells goods or services to the cardholder via a website is the merchant. The merchant that accepts payment cards must have an Internet Merchant account with the acquirer 4. The acquirer – is a financial institution that establishes an account with the merchant and processes payment card authorizations and payments. The acquirer provides authorization to the merchant that given card account is active and that the proposed purchase doesn’t exceed the customer’s credit limit. The acquirer also provides electronic transfer of payments to the merchant’s account, and is then reimbursed by the issuer via the transfer of electronic funds over a payment network. 5. The Processor – The Processor is a large data centre that processes credit card transactions and settles funds to merchants, connected to the merchant on behalf of an acquirer via a payment gateway. Basic steps of an online payment The basic steps of an online payment transaction include the following: The customer places an order online by selecting items from the merchant’s Website and sending the merchant a list. The merchant often replies with an order summary of the items, their price, a total, and an order number The customer places an order along with their credit card information and sends it to the business. The payment information is usually encrypted by an SSL pipeline set up between the customer’s web browser and the merchant’s web server SSL certificate.
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The merchant confirms the order and supplies the goods or services to the customer. The business sends the consumer an invoice, their certificate and their bank’s certificate.
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