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

Why we use addressing schemes, Q Why we use addressing schemes? An ope...

Q Why we use addressing schemes? An operation code of an instruction tells the operation to be performed. This operation is executed on some data stored in memory or register.

Inspirations of artificial intelligence, Inspirations of artificial intelli...

Inspirations of artificial intelligence: Artificial Intelligence research can be easily understood by following example in terms of how the following question has been answere

Colour - elements of composition, Colour The use of colour is consider...

Colour The use of colour is considered by many to be one of the most important areas in composition. Colours can be used in isolation or specific combinations to create partic

What is a macro, What is a macro ? How it is defined ? Preprocessor' is...

What is a macro ? How it is defined ? Preprocessor' is a translation phase that is applied to  source code before the compiler  proper  gets  its  hands on  it.  Generally,  th

Explain erasable programmable rom (eprom) - computer memory, Explain Erasab...

Explain Erasable Programmable ROM (EPROM) - Computer Memory? An EPROM is a ROM that can be reprogrammed and erased. A little glass window is installed at the top of the ROM pac

Find 10s complement for decimal number, Q. Find 10's complement for decimal...

Q. Find 10's complement for decimal number? Adding 1 in 9's complement produces 10's complement. 10's complement of 0256 = 9743+1 = 9744. Please note on adding the number in

Specifying the problem - learning decision trees, Specifying the Problem: ...

Specifying the Problem: Now next here furtherly we now use to look at how you mentally constructed your decision tree where deciding what to do at the weekend. But if one way

Describe the working of components of i-way infrastructure, Describe the wo...

Describe the working of components of I-way Infrastructure. Working of I-way Infrastructure components: a. Consumer access equipment shows a critical category, it is the abs

Explain about the network security, Explain about the network security. ...

Explain about the network security. Network security implies the protection of networks and their services through unauthorized access, destruction or disclosure, modificati

Define the do while loop, The do while Loop This is very similar to the...

The do while Loop This is very similar to the while loop except that the test occurs at the end of the loop body. This guarantees that the loop is executed at least once before

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