Explain the concept behind electronic check, Other Management

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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) Outline the main differences between a debit card, credit card and a charge card.

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?

e) Describe abouit micropayments. Why are they suitable for e-cash payment as compared to credit card payment?

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