What are the risks involved in electronic payment systems, Computer Engineering

Assignment Help:

What are the risks involved in Electronic Payment Systems?  

 From the customer's perspective:

  • Dishonest merchants or financial service providers
  • Stolen payment credentials and passwords
  • Disputes over quality of services or goods

 From merchant's perspective:

  • Forged or copied payment instruments
  • Insufficient funds in customers account, especially with off-line payment systems
  • Dishonest or slow financial service providers

From the financial service provider's perspective:

  • Stolen customer or service credentials
  • Forged or copied payment instruments
  • Customers not paying (applies only to credit models)

 


Related Discussions:- What are the risks involved in electronic payment systems

Advantages and disadvantages of public key cryptography, What are the advan...

What are the advantages and disadvantages of public key cryptography? Advantages and Disadvantages: Improved security and convenience: private keys never require be trans

What is software engineering, Software engineering is:- The application...

Software engineering is:- The application of a disciplined engineering move towards to the development of software systems. A body of information and knowledge in software d

Explain virtual address, What is virtual address? The binary address th...

What is virtual address? The binary address that the processor used for either instruction or data known as virtual address.

Explain about quarter inch cartridge tapes, Q. Explain about Quarter Inch C...

Q. Explain about Quarter Inch Cartridge Tapes? Quarter Inch Cartridge Tapes (QIC Standard): These tape cartridges record information sequentially in a track with one head. Wh

How society is affected thorugh internet, How society is affected thorugh I...

How society is affected thorugh Internet Buying goods and services (for example banking) over the internet has both negative and positive aspects on society. These can be expl

State the number of definitions of firewall, State the number of definition...

State the number of definitions of firewall Though there exist a number of definitions of firewall, in simplest terms it can be defined as "a mechanism used to protect a truste

Explain the differences between paging and segmentation, Explain the differ...

Explain the differences between Paging and segmentation. Paging and segmentation P aging Segmentation Computer memory is separa

Algebra, Discrete Mathematics - (A?B)-(AnB)=(A-B)?(B-A) - prove by cases?? ...

Discrete Mathematics - (A?B)-(AnB)=(A-B)?(B-A) - prove by cases?? State which law you have used at each step. I''ve just started learning this, this semester .. and i havnt quite

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