EE--PaymentPayment

Presented ByPresented By

Tushar NevaskarTushar Nevaskar

Electronic payment structureElectronic payment structure

E- commerce is spreading widely. The E- commerce is spreading widely. The commerce based on e lectronic media has a commerce based on e lectronic media has a global occupation. In any commerce or any global occupation. In any commerce or any commercial transaction the most important commercial transaction the most important factor is accepting and paying. Thus e-factor is accepting and paying. Thus e-commerce has many ways to pay funds or commerce has many ways to pay funds or accept fund through electronic media and it accept fund through electronic media and it is cal led e lectronic payment system.is cal led e lectronic payment system.

Models Models of of paymentpayment

Generally 3 types are available in e-payment system.Generally 3 types are available in e-payment system.

1) Prepaid – through this way smart card, cyber coins, 1) Prepaid – through this way smart card, cyber coins, e-cash system is used.e-cash system is used.

2) instant paid – internet cheque, net cheque, 2) instant paid – internet cheque, net cheque, electronic cheque are used.electronic cheque are used.

3) post paid – credit cards are used. 3) post paid – credit cards are used.

Popular Types of E-payment systemPopular Types of E-payment system

Credit cardsCredit cards

Debit cardsDebit cards

Smart cardsSmart cards

Stored value cardStored value card

E-cash or e-a/cE-cash or e-a/c

CREDIT CARDCREDIT CARD

The most common way to pay for an e-commerce The most common way to pay for an e-commerce transaction is with credit card. The customer types transaction is with credit card. The customer types the card number, entry date & billing address on the the card number, entry date & billing address on the order form and the vendor can verify the details and order form and the vendor can verify the details and be confident of payment. Credit cards are used in a be confident of payment. Credit cards are used in a conventional retail application are recorded on a conventional retail application are recorded on a transaction slip and verified by the use of signature. transaction slip and verified by the use of signature. In addition to this credit card companies allow for In addition to this credit card companies allow for customer not present [ CNP ] transaction. customer not present [ CNP ] transaction.

Debit cardsDebit cards

most ATM cards are debit cards with a visors master most ATM cards are debit cards with a visors master card logo. They are easier more convenient and offer card logo. They are easier more convenient and offer greater access to your money when a debit card is used greater access to your money when a debit card is used with a pin as in using an ATM machine it is called an with a pin as in using an ATM machine it is called an online transaction. online transaction.

A major problem at this type is that using a dr card A major problem at this type is that using a dr card mean less protection for items that are never mean less protection for items that are never delivered, for defective items with cr cards purchases delivered, for defective items with cr cards purchases you can put a hold on payment within 60 days. you can put a hold on payment within 60 days.

Smart cardsSmart cards

Smart cards are used to provide real time interactive Smart cards are used to provide real time interactive access to secure data stored in the memory of the access to secure data stored in the memory of the smart card. A security plan protects this information smart card. A security plan protects this information from an unauthorized access and manipulation of from an unauthorized access and manipulation of data stored in the memory. Lets say that a smart card data stored in the memory. Lets say that a smart card is an electronic cheque book a consumers is an electronic cheque book a consumers identification, information, checking a/c no and identification, information, checking a/c no and balance are stored in smart card. The seller verify our balance are stored in smart card. The seller verify our identity by inserting the smart card in smart card identity by inserting the smart card in smart card reader. reader.

Stored value cardStored value card

One of the most common forms of e-payment is One of the most common forms of e-payment is the stored value card. The most wide spread use the stored value card. The most wide spread use of this technology is the telephone card that is of this technology is the telephone card that is available for use in public for boxes. Further uses available for use in public for boxes. Further uses of this technology are some public transport of this technology are some public transport operations. operations.

On a more general scope there have been a no of On a more general scope there have been a no of skims to promote stored value card as skims to promote stored value card as replacement of cash but stored value card could replacement of cash but stored value card could not been proved to be popular because public is not been proved to be popular because public is happy with old fashion cash. happy with old fashion cash.

E-cash or e- A/cE-cash or e- A/c

the online equivalent of a stored value card is the online equivalent of a stored value card is e-cash or network money. The system operated e-cash or network money. The system operated by the user transferring money from a credit by the user transferring money from a credit card or bank a/c into an e-cash a/c. the e-cash card or bank a/c into an e-cash a/c. the e-cash can then be used to make payment for e-can then be used to make payment for e-commerce transaction commerce transaction

Thank Thank --YouYou