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

What is race condition, What is Race condition? Race condition: The c...

What is Race condition? Race condition: The circumstances where several processes access - and manipulate shared data-concurrently. The last value of the shared data depends

Define dynamic linking, Define dynamic linking.  Dynamic linking is sam...

Define dynamic linking.  Dynamic linking is same to dynamic loading, rather that loading being postponed unless execution time, linking is postponed. This feature is usually us

Illustrate about fourth generation computers, Q. Illustrate about fourth ge...

Q. Illustrate about fourth generation computers? One of the main milestones in IC technology is Very large scale integration (VLSI) where thousands of transistors can be integr

Explain the categories of design patterns, Question: (a) Explain the th...

Question: (a) Explain the three categories of design patterns. Give two examples from each category. (b) When describing a pattern what is the purpose of "The Intent", an

What specifies by environment variable in cgi script, The Environment varia...

The Environment variable SCRIPT_NAME in CGI script specifies? In CGI script gives the path of URL after server name.

What is a work process, What is a work process? A work process is where ...

What is a work process? A work process is where individual dialog steps are in fact processed and the work is done.  Every work process ocuurs one type of request.

Calculate traffic offered in erlangs in a particular exchang, In a particul...

In a particular exchange during busy hour 1200 calls were offered to a group of trunks, during this time 6 calls were lost. The average call duration being 3 minutes Calculate Traf

Allocation of bits among opcode and operand, Allocation of Bits among Opcod...

Allocation of Bits among Opcode and Operand The trade-off here is between numbers of bits of opcode vs. the addressing capabilities. An interesting development in this regard i

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