Electronic_Payment_Systems_25_Slides.pptx

Notes of Electron payment system

1. Electronic Payment Systems Types, EFT, Digital Tokens, Smart Cards, Risks, and Design

2. Introduction to Electronic Payment Systems Definition of Electronic Payment Systems Importance in the digital economy

3. Evolution of Payment Systems From barter to cash Banking and cheques Rise of electronic payments

4. Types of Payment Systems Traditional Payment Systems Electronic Payment Systems

5. Traditional Payment Systems Cash Transactions Cheques Bank Drafts

6. Advantages of Traditional Systems Widely accepted Simple to use No need for technology

7. Disadvantages of Traditional Systems Risk of theft Time-consuming Lack of traceability

8. Value Exchange System Concept of value exchange Physical exchange vs digital exchange

9. Examples of Value Exchange Cash for goods Digital wallets for services

10. Electronic Funds Transfer (EFT) Direct transfer of funds between bank accounts Examples: NEFT, RTGS, IMPS

11. Advantages of EFT Fast and efficient Paperless transactions Secure transfers

12. Limitations of EFT Requires bank accounts Dependent on network availability Transaction fees

13. Digital Token Based Electronic Payment Systems Tokens as substitutes for cash Examples: E-cash, Cryptocurrencies

14. Advantages of Digital Tokens Fast and borderless Lower transaction costs Secure and decentralized

15. Challenges with Digital Tokens Regulatory issues Price volatility Acceptance barriers

16. Smart Cards Embedded microchip technology Stores and processes data securely

17. Types of Smart Cards Debit Cards Credit Cards Prepaid Cards

18. Credit Cards Allow borrowing of funds up to a limit Key Features: Credit limit, monthly billing

19. Benefits of Credit Cards Convenience Purchase protection Rewards and cashback

20. Risks of Credit Cards High interest rates Fraud risks Debt accumulation

21. Risks in Electronic Payment Systems Fraud and Identity Theft Hacking and Cyberattacks Data Privacy Concerns Transaction Errors

22. Security Measures in E-Payment Encryption Two-Factor Authentication Tokenization

23. Designing Electronic Payment Systems User-friendly interfaces Security integration Scalability and reliability

24. Regulatory Framework Government policies International standards Compliance requirements

25. Future of Electronic Payment Systems Biometric payments AI and Blockchain integration Global adoption trends

26. Conclusion E-payments simplify transactions Security and trust are essential for adoption