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Question:
a) List and describe the role of the different parties involved in any e-payment system.
b) Outline five factors (characteristics) that determine the acceptance of an electronic payment method
c) (i) Outline the main differences between a credit card and a debit card.
(ii) Explain why the use of credit cards is not suitable for micro-payments and suggest an alternate payment instrument that could be used.
d) Explain the concept behind electronic check and what are the benefits of using an e-check rather than going for the normal paper-based check?
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