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

Payroll pc, Purpose: Payroll processing and storage for the client database...

Purpose: Payroll processing and storage for the client database (accessed from the Reception-PCover the network),word processing (reports etc.) and spreadsheets. Software: . • W

Describe about micro-controllers, Q. Describe about Micro-controllers? ...

Q. Describe about Micro-controllers? Micro-controllers: These are a specialized device controlling computer which comprises every function of computers on a single chip. Chip

Convention used to represent micro-operations, Q. Convention used to repres...

Q. Convention used to represent micro-operations? The convention used to represent micro-operations is: 1.  Computer register names are designated by capital letters (someti

Design a BCD to excess 3 code converter using NAND gates, Design a BCD to e...

Design a BCD to excess 3 code converter using minimum number of NAND gates. Hint: use k map techniques. Ans. Firstly we make the truth table: BCD no

Unencoded micro-instructions, Unencoded micro-instructions One bit ...

Unencoded micro-instructions One bit is required for each control signal; so number of bits needed in a micro-instruction is high. It represents a detailed hardware vi

What is typical storage hierarchy, Q. What is typical storage hierarchy? ...

Q. What is typical storage hierarchy? A typical storage hierarchy is displayed in Figure above. Though Figure shows only block diagram however it includes storage hierarchy:

Difference between synchronous and asynchronous updates, What is the differ...

What is the difference between Synchronous and Asynchronous updates? A program asks the system to perform a particular task, and then either waits or doesn't wait for the task

Describe about managing data tasks?, Data can be handled by using the featu...

Data can be handled by using the features of Import text wizard and export text wizard. Here you can keep the operation for future use. First you should edit the specification name

Explain sequential sharing, Explain Sequential sharing. Sequential s...

Explain Sequential sharing. Sequential sharing: In this technique of sharing, a file can be shared through only one program at a time, it is file accesses by P1 and P2 are

Introduction to computers, explain classification of computers in detail.al...

explain classification of computers in detail.also explain various application areas of computers

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