Financial cyber-mediaries - e commerce payment system, Other Subject

FINANCIAL CYBER-MEDIARIES

These are companies that facilitate financial transactions to become known over the internet. Kind of transactions include: C2C, C2B, and/or B2B. One of the most excellent recognized and most unbeaten financial cyber-me diaries is PayPal. This free online service allows consumers and/or businesses to send money to anybody with an email address in 45 countries. PayPal is usual by thousands of businesses worldwide and is the preferred payment method on eBay.com. PayPal is now owned by ebay.com.

Many of the me diaries allow consumers to set up an account quickly, and to transfer funds into their traditional bank account (typically via ACH transactions)  from online accounts , and vice versa, after confirmation of the consumer's individuality and ability to access such bank accounts. In addition, the better me diaries additional allow transactions to and from credit card accounts, though such credit card transactions are typically assessed a fee (either to the recipient or the sender) to recoup the transaction fees charged to the me diary.

The simplicity and rate with which cyber-mediary accounts can be recognized and used have contributed to their extensive use, although the risk of theft, abuse, and other problems-with discontented users regularly accusing the mediaries themselves of wrongful behavior-is linked with them.

Posted Date: 10/12/2012 9:19:30 AM | Location : United States







Related Discussions:- Financial cyber-mediaries - e commerce payment system, Assignment Help, Ask Question on Financial cyber-mediaries - e commerce payment system, Get Answer, Expert's Help, Financial cyber-mediaries - e commerce payment system Discussions

Write discussion on Financial cyber-mediaries - e commerce payment system
Your posts are moderated
Related Questions
Discuss the family, social, and intimate relationships of the person in the case study below. Identify any role changes that have occurred. Explain the immediate and future

(a) Communication in the business organization is very important but to structure it through appropriate networks is even more vital as unregulated communication flow could make i

As">http://www.delhi.gov.in/wps/wcm/connect/doit_labour/Labour/Home/Acts+Implemented/Summary+of+the+Acts+Implemented/The+Factories+Act-1948 As per above site of Government of Ind

Watershed Protection Division (WPD): The Watershed Protection Division (WPD) conserves the soil and water resources of the District and protects its watersheds from nonpoint sourc

mention the characteristics of statistics. explain two application of statistics?

one of the ideals the greeks strived for was a a. unified Greek State B.uniform religion with one major deity C. balance and moderation in life. D. recognition in life that all hum

Prepaid "Credit" Cards A prepaid credit card is not a credit card, while no credit is presented by the card issuer: the card-holder spends money which has been "stored" by mean

Question : (a) Safety and Health Committee is a forum where employees and management representatives sit together to review and take action on safety and health issues at a pl

Choose one of the provided case studies; read the case study and explain the legislative frameworks which may be relevant to this scenario. Include in your discussion reference t

Benefits to Customers Because of extreme fight in the credit card manufacturing, credit card providers often present incentives for instance regular flyer points, gift certific