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

Capacity and performance of storage - computer architecture, Capacity: ...

Capacity: Raw capacity Total amount of stored information that a medium or storage device can hold is expressed as a quantity of bytes and bits (for example 10.4 megabyte

Fingerprint- biometric computer security systems, Fingerprint- Biometric co...

Fingerprint- Biometric computer security systems First of all, fingerprint is the most commonly used biometric technology, because every person has unique fingerprints and the

Basic working of hard disk drive, Q. Basic working of Hard Disk Drive? ...

Q. Basic working of Hard Disk Drive? This is one of the components of today's personal computer having a capacity of order of quite a lot of Giga Bytes and above. A magnetic di

First order logic, "George has a dog called Ernie, which is a trained Labra...

"George has a dog called Ernie, which is a trained Labrador. Trained Labradors and poodles are obedient, and all obedient dogs are good dogs. All good dogs that have a master will

What is the most common biometrics, What is the most common biometrics? ...

What is the most common biometrics? The most common biometrics is the given below: Face geometry (Photo): In this the computer takes the picture of your face and matches t

Callable modules of program code within one abap/4 program, How can we crea...

How can we create callable modules of program code within one ABAP/4 program? We can create callable modules by two techniques:- By defining Macros. By creating incl

What are the disadvantages of linux, What are the disadvantages of Linux? ...

What are the disadvantages of Linux? Learning Lack of comparable programs More technical skill required

Illustration of display on video monitor, Q. Illustration of Display on Vid...

Q. Illustration of Display on Video Monitor? Displaying a single character ; display contents of BL register (Presume that it has a single character) MOV AH, 02H MOV D

Example to show directory in doc, Q. Example to show directory in doc? ...

Q. Example to show directory in doc? Like a file name, the directory name may also have up to eight alpha-numeric characters. The directory name can also have an extension

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