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

Define radix base, Define Radix (or)Base. A number system of base or ra...

Define Radix (or)Base. A number system of base or radix is a system that uses different symbols for r digits. Numbers are shown by a string of digit symbols. To verify the quan

What is meant by context switch, What is meant by context switch?  Swit...

What is meant by context switch?  Switching the CPU to another process requires saving the state of the old process and loading the saved state for the new process. This task i

Define congestion, Define Congestion. Congestion: This is uneconomic ...

Define Congestion. Congestion: This is uneconomic to give sufficient equipment to carry all the traffic which could possibly be offered to a telecommunication system. Inside

Fact finding techniques on banking system, what are the questionnaries and ...

what are the questionnaries and observation of work site for banking system?

How are devices represented in unix, How are devices represented in UNIX? ...

How are devices represented in UNIX? All devices are shown by files called special files that are located in /dev directory. Therefore, device files and other files are named a

What can digital circuits do?, Circuits can be designed to implement a spec...

Circuits can be designed to implement a specifictaske.g. a simple circuit could compare two inputvoltages and give a high output if they matched anda low output if they did not mat

Explain different system calls for performing different task, Write down di...

Write down different system calls for performing different kinds of tasks. The major types of system calls are given as: Process Control: These kinds of system calls are

How sensors uses in real time process control, How sensors uses in real tim...

How sensors uses in real time process control Sensors send data (through an analogue to digital converter - ADC) to a microprocessor or computer that decides whether or not to

What do you mean by linker, Q. What do you mean by Linker? For modular...

Q. What do you mean by Linker? For modularity of your programs it is better to break your program in numerous sub routines. It's even better to put common routine such as read

Architecture of artificial neural networks, Architecture of Artificial neur...

Architecture of Artificial neural networks: Presumably "Artificial Neural Networks" consist of a number of units that are mini calculation devices. But they take in real-value

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