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

Show the characteristic of cache memory, Q. Show the characteristic of cach...

Q. Show the characteristic of cache memory? The essential characteristic of cache memory is its fast access time. So very little or no time should be wasted when searching for

Define polling, Define Polling. A Polling process is used to recognize...

Define Polling. A Polling process is used to recognize the highest priority source by software means. In this process there is one common branch address for all interrupts.

Works flowing related technologies influence e-business, How the works do f...

How the works do flowing related technologies influence e-business? Work Flow related Technologies influence e-business: Microsoft CRM automates internal business process

What do you meant by a multimedia authoring system, Problem : a) What d...

Problem : a) What do you meant by a Multimedia Authoring System? b) Compare the verbose syntax to the dot syntax in Lingo. c) Explain each of the following terms: i) L

Give difference between assembler and interpreter, Give difference between ...

Give difference between assembler and interpreter. Assembler: It is the translator for an assembly language of computer. An assembly language is a low-level programming langu

Characteristics of magnetic disk, Q. Characteristics of Magnetic disk? ...

Q. Characteristics of Magnetic disk? Tracks and Sectors: Disk is divided in concentric rings known as tracks. Thus a track is one complete rotation of disk underneath read/wr

CPE, WHAT IS CPE

WHAT IS CPE

Use of hypertext links in internet access, Use of Hypertext links in Intern...

Use of Hypertext links in Internet access From the user's point of view, the Web having of a vast, worldwide collection of documents i.e. pages. Every page may have links (poin

Explain hardwired control organization, Q. Explain Hardwired control organi...

Q. Explain Hardwired control organization? In the hardwired organization control unit is designed as a combinational circuit. The control unit is applied by gates, flip-flops,

Illustrate about probability of collision, Illustrate about probability of ...

Illustrate about probability of collision? Probability of collision: There is a triangle and on this let’s assume that there are three ants one on each corner and are free t

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