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 are the advantages of code optimization, What are the advantages of co...

What are the advantages of code optimization? Code optimization tends at enhancing the execution efficiency of a program. It is achieved in two manners. Redundancies in a progr

Ia-32 support, In order to support IA-32, the Itanium can switch into 32-bi...

In order to support IA-32, the Itanium can switch into 32-bit mode with special jump escape instructions. The IA-32 instructions have been mapped to the Itanium's functional units.

What is the dissimilarity between a lens and a mirror, Q. What is the dissi...

Q. What is the dissimilarity between a lens and a mirror? Answer:- A mirror is a reflective surface that light passes through the glass and hits the silver backing reflect

High level expertise, The most useful feature of an expert system is the h...

The most useful feature of an expert system is the high level expertise it provides to aid in problem solving. This expertise can represent the best thinking of the top

Propositional versions of resolution, Propositional versions of resolution:...

Propositional versions of resolution: Just because of so far we've only looked at propositional versions of resolution. However in first-order logic we require to also deal wi

What are the process states, What are the Process states? By the course...

What are the Process states? By the courses of implementation, processes change state. Status of a process is express by its present activity. Dissimilar practical states of

Show the Features of parallel virtual machine, Q. Show the Features of para...

Q. Show the Features of parallel virtual machine? Easy to install; Easy to configure; Multiple users each can use PVM concurrently; Multiple applications fro

Determine the list of micro-operations, Micro-Operations A micro-operat...

Micro-Operations A micro-operation is an basic operation which is performed on data stored in registers. We can classify micro-operations into four categories: 1. Register t

Define parameters used in program annotation, Q. Define Parameters used in ...

Q. Define Parameters used in Program Annotation? Parameters: A parameter refines and extends the meaning that assembler attributes to keyword in a statement.  Number of param

Name the modes of 8255 programmable peripheral interface, What are the diff...

What are the different modes in that 8255 Programmable Peripheral Interface (PPI) can operate?  24 I/O lines in 3-8-bit port groups - A, B, C A, B can be 8-bit input

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