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

Explain time division switching, Explain Time Division Switching. Ti...

Explain Time Division Switching. Time Division Switching: A switching component can be shared at the same time with number of active speech circuits. It is the principle of

Real-time software, Real-Time Software Programs that monitor/analyze...

Real-Time Software Programs that monitor/analyze/ control real world events as they take place are known as real-time software. Elements of real-time software involve a data

Binary number system using 8 bit registers, Q. Binary number system using 8...

Q. Binary number system using 8 bit registers? Add 25 and -30 in binary number system using 8 bit registers using: Signed magnitude representation Signed 1's comple

Explain 100 line exchange with two-motion line finders, Explain 100 line ex...

Explain 100 line exchange with two-motion line finders. Design: In such design, here are 24 line finders. When any of the 100 subscribers has to find access to any of the 24

What are models and meta models, Model: It is a entire explanation of s...

Model: It is a entire explanation of something (i.e. system). Meta model: It shows the model elements, syntax and semantics of the notation that permits their manipulatio

How can common bus system be constructed, How can common bus system be cons...

How can common bus system be constructed A common bus system could be constructed using multiplexers. These multiplexers select source register whose binary information is then

What is model view controller (mvc), Model-View-Controller (MVC) is a desig...

Model-View-Controller (MVC) is a design pattern in which "the user input, the modelling of the external world and the visual feedback to the user are explicitly splitted and handle

Describe about relationships and look up fields, Relationships are imported...

Relationships are imported from the source to finish without any hindrance but once they land in the destination they can never be changed or changed and change of extensions canno

Explain client server model, Explain Client Server Model. In the client...

Explain Client Server Model. In the client- server model, communication usually takes the form of a request message from the client to the server asking for several works to be

Binary resolution, Binary Resolution: However we saw unit resolution f...

Binary Resolution: However we saw unit resolution for a propositional inference rule in the previous lecture:  (A?  B,   ¬B) /A Thus we can take this a little further to

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