Explain the e-cheques verses credit cards in brief, Computer Engineering

Assignment Help:

Explain the E-cheques verses Credit Cards in brief.

E-cheques: E-cheques are utilized for business dealing into e-commerce. Transactions of such cheques take place onto Internet. In such system the electronic cheque is issued through the buyer to the seller. These e-cheques are deposited by the seller into the bank account. Some agencies as clearing house, buyer’s bank, certification authority and seller’s bank participate within the whole process with the actual buyer and the seller.

Credit Card: It is a normally used transaction card. After the purchases are made, there the card enters the transactions in opposition to the credit card. The card issuer transfers the needed amount of money to the seller’s account. The bill of this amount is raised to the cardholder.


Related Discussions:- Explain the e-cheques verses credit cards in brief

Basic operational concepts of a computer, Basic Operational Concepts of a C...

Basic Operational Concepts of a Computer: Most of computer operations are executed in the ALU (arithmetic and logic unit) of a processor. For an example: to add 2 numb

Define the character set of c language, Define the Character Set of C Langu...

Define the Character Set of C Language? C uses the lower case letter a to z, the upper case letters A to Z, the digits 0 to 9 and certain characters as building blocks to form

How to maintain lists, How to maintain lists? To return from a high li...

How to maintain lists? To return from a high list level to the next-lower level (SY-LSIND), the user chooses back on a secondary list.  The system then gives the currently dis

Forward chaining, Forward Chaining: Now we have suppose we have a set ...

Forward Chaining: Now we have suppose we have a set of axioms that we know are true statements about the world. Whether we set these to each be an initial state of the segoal

Design a 4 to 1 multiplexer, Design a 4 to 1 Multiplexer by using the three...

Design a 4 to 1 Multiplexer by using the three variable function given by F(A, B, C) = ∑ m(1,3,5,6) Ans. The given function F(A,B,C) = ∑ m(1,3,5,6) can be implemented along wit

Explain internal organization of bit cells in a memory chip, Explain with n...

Explain with neat diagram the internal organization of bit cells in a memory chip. Memory cells are usually organized in the form of an array, in which every cell is capable of

Logical database is a database structure., In sense of Database Management ...

In sense of Database Management System (DBMS) LOGICAL DATABASE is a database Structure. False LOGICAL DATABASE is not a database Structure.

Components of flash, A piece of art can be looked at as having 3 main compo...

A piece of art can be looked at as having 3 main components, the subject, the composition and the content. Subject The subject of an artwork is, in simple terms, the object

Interrupt signal interconnection network (isin), Interrupt Signal Interconn...

Interrupt Signal Interconnection Network (ISIN): When a processor wish to transmit an interruption to another processor, then this interrupt initially goes to ISIN, by which it

What is an i/o buffer, What is an I/O buffer? I/O buffer: One ty...

What is an I/O buffer? I/O buffer: One type of input-output requirement arises from devices which have a very high character density as disks and tapes. With these chara

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd