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Outsourcing of payment system operations is a very popular alternative to accepting payments directly from customers. This has its advantages and disadvantages. Please respond to all of the following prompts: • Discuss the advantages and disadvantages of outsourcing by providing a response to the following questions:
Why would a company decide not to handle payment processing?
Does it really save time and money?
What are the potential legal ramifications of holding customer payment data?
Reference: Schneider, G.P. (2013). Electronic Commerce (10th ed.). Boston, MA: Cengage Learning.
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