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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?
Definition of "Volume" : Economy in the cost of binding. reduction in the number of undersized volumes difficult to handle, the need for splitting over thick and composite
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