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

Explain derived equations and models, Each student will be assigned a binar...

Each student will be assigned a binary system. The experimental references and the conditions are indicated in the table below. The student should make use of software available on

How do you traverse a btree in backward in-order, Put the node in the right...

Put the node in the right subtree Then, Put the root  Put the node in the left subtree

Explain about the public key cryptography, Explain about the Public Key Cry...

Explain about the Public Key Cryptography. Public Key Cryptography: It is a cryptographic system which uses two keys as a public key identified to everyone and a private

What is the difference between thread and process, What is the difference b...

What is the difference between thread and process?  Thread - is used to execute more than one program at a time. process - executes single program A thread is a path of e

What do you mean by system calls, What do you mean by system calls? Sys...

What do you mean by system calls? System calls give the interface among a process and the operating system. When a system call is executed, it is treated as by the hardware as

Idiomatic translations - artificial intelligence, For this exercise you hav...

For this exercise you have to gather and report some linguistic data. Make sure your data are accurate by checking them with a native speaker if you yourself are not a native speak

What is a multiple line field, What is a multiple line field? A multipl...

What is a multiple line field? A multiple line field is a special part of field which allows the user to enter multiple lines of data into it.

Variable ordering - forward checking, Variable ordering - Forward checking:...

Variable ordering - Forward checking: Hence this is different from variable ordering in two important ways as:  Whether this is a dead end when we will end up visiting a

Risks by merchant perspective in electronic payment system, What are the ri...

What are the risks by merchant's perspective in Electronic Payment Systems? Through merchant's perspective: • Copied or Forged payment instruments • Insufficient funds in

Predicates in first-order logic sentences , Predicates in first-order logic...

Predicates in first-order logic sentences - artificial intelligence There are predicates first and foremost in first-order logic sentences. These are indications that some thin

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