Credit cards and smart cards-e commerce payment system , Other Subject

CREDIT CARDS AND SMART CARDS

Over the years, credit cards have roll out to be one of the nearly all common forms of payment for e-commerce transactions. In the before time years of BUSINESS TO CONSUMER, many customers were concerned of using their credit cards in excess of the internet because of fear that their credit card information would get stolen. Though, because of increased security with credit card companies for example VISA, American Express, and MasterCard there is extensive use of credit card use over the internet, particularly in North America.

In spite of this extensive use in North America, there are still a number of countries such as India, China and Pakistan that have a number of problems to beat in consider to credit card safety. In the interim, the use of smartcards has suit tremendously popular. A Smartcard is like to a credit card; though it contains an embedded 8-bit microprocessor and uses electronic cash which transfers from the consumers' card to the sellers' device. An accepted smartcard plan is the VISA Smartcard. Using the VISA Smartcard you can shift electronic cash to your card from your bank account, and you can then use your card at a variety of retailers and on the internet.

Posted Date: 10/12/2012 9:18:37 AM | Location : United States







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