electronic payment system

this seminar about E-payment system.

1. Electronic Payment ( E-Payment) System  Prepared by: Lavin m.saeed Des.2022

2. Out line: What is Electronic Payment System?  How do electronic payment systems work? Security: What are the types of electronic payment system? What are the characteristics of an E-payment? The different types of e-commerce payments in use today are: Advantages of E-payment:

3. Normally e-payment is done via debit cards, credit cards or direct bank deposits. But there are also other alternative payment methods such as e-wallets and cryptocurrencies. What is Electronic Payment System?   Simply put, electronic payments allow customers to pay for goods and services electronically. This is without the use of checks or cash .

4. Electronic payment systems work when people and electronic technologies work together to move the payment information instantly through a logical progression of steps – usually in just a few seconds. How do electronic payment systems work? Let’s walk through these steps using the book buying example.

5. Security: credit card fraud is a common crime. That’s why credit card security is so closely monitored. Almost every bank and store have built-in security measures that regularly check that the cardholder is who they say they are. But as with any online payment method, there are risks involved.

6. What are the types of electronic payment system? 01 03 An automatic payment from the bank to the vendor. A one-time payment from the customer to the vendor. A recurring payment from the customer to the vendor. 02

7.   It requires the use of electronic devices, such as computers or smart-phones ,to initiate and complete transactions. What are the characteristics of an E-payment? It may offer additional features such as the ability to track and manage finances ,as well as integration with other financial services. It often offers real-time or near-real-time processing of transactions. It typically uses secure protocols and encryption to protect the confidentiality and integrity of financial information.

8. adredit Card The different types of e-commerce payments in use today are: Credit Card Debit Card E-Wallet Mobile Payment

9. Advantages of E-payment: Time-saving:- Efficient:- Security:- Certainty:-  reduced transaction costs:-

10. Thanks Thanks Thanks

11. Reference: https://bizfluent.com/info-8188352-advantages-disadvantages-epayment.html https://www.mineraltree.com/blog/electronic-payments-what-your-business-needs-to-know https://www.freshbooks.com/hub/payments/what-is-electronic-payment https://www.dbs.com/digibank/in/articles/pay/what-is-electronic-payment