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

State in brief about the pseudo instruction, State in brief about the pseud...

State in brief about the pseudo instruction A pseudo instruction isn't a real instruction. CPU can't execute it. It often requires a complex architectural operation and if it w

Explain implementation techniques, Explain Implementation techniques Im...

Explain Implementation techniques Implementation techniques(e.g. remote invocation, HTTP). An event-based cooperation can be executed using message passing or it can  be based

Computation step in time complexity of an algorithm, Q. Computation step in...

Q. Computation step in time complexity of an algorithm? So First in the computation step the local processor executes an arithmetic and logic operation. Afterwards the several

Backward chaining - artificial intelligence, Backward Chaining - Artificial...

Backward Chaining - Artificial intelligence Given that we are just interested in constructing the path, we may set our initial state to be the theorem statement and search backw

What is an advantage of executing a process in background, What is an advan...

What is an advantage of executing a process in background? The most common reason to put a process in the background is to permit you to do something else interactively without

Responsibilities of application layer, Application layer: It's the topmost...

Application layer: It's the topmost layer in OSI model, which allows the user to access network. This layer provides user interface for network applications like remote login, Wor

What is read only memory (rom) and define the use of it?, What is Read only...

What is Read only memory (ROM) and Define the Use of it? A simple kind of ROM can be constructed from a decoder, Or gates, and a number of wires. Input

Permanently resident pages - main memory, Permanently resident pages: ...

Permanently resident pages: Every virtual memory systems have memory areas that are "pinned down", for example cannot be swapped out to secondary storage, for instance:

Difference between packet switching and circuit switching, What are the adv...

What are the advantages and disadvantages of packet switching over circuit switching? The comparison of packet switching and circuit switching demonstrating advantages and disa

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