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

Ip fragmentation of user datagarm, IP specified that datagram can arrive in...

IP specified that datagram can arrive in a different order than they were sent. If a fragment from one datagram arrives at a destination before all the segments from a previous dat

Describe about directory in doc, Q. Describe about directory in DOC? We...

Q. Describe about directory in DOC? We all know that, the volume of the hard disk is generally quite large (10 MB to a few GB). You can keep hundreds or even thousands of files

Algorithm of non-repudiation designing e-cash based system, Give a suitable...

Give a suitable algorithm of non-repudiation in designing e-cash based system. The algorithm of non-repudiation in designing e-cash based system is as illustrated below: Ke

Pipeline architecture, Explain detailed classification of pipelined process...

Explain detailed classification of pipelined processor.

Which one logic gate can generate any logic function, A universal logic gat...

A universal logic gate is one, which can be used to generate any logic function.  Which one is a universal logic gate? Ans. NAND gate is a universal logic gate; it can generate

different versions of microsoft access to open the database, What format s...

What format should my database be saved in to allow different versions of Microsoft Access to open the database? Ans) MS Access is not backwards compatible. To share tables amon

3D rotation, Magnify a triangle with vertices A = (0,0), B = (3,3) and C = ...

Magnify a triangle with vertices A = (0,0), B = (3,3) and C = (6,4) to twice its size in such a way that A remains in its original position.

Convert the decimal to hexadecimal equivalent number, Convert the decimal n...

Convert the decimal number 45678 to its hexadecimal equivalent number. Ans: (45678) 10 =(B26E) 16 (45678) 10 =(B26E) 16

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

Determine about the information centres, Determine about the Information ce...

Determine about the Information centres Airports, supermarkets and any application where information needs to be relayed to customers, gain advantage from having automatic inf

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