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

Artificial intelligence agents, Artificial Intelligence Agents: We int...

Artificial Intelligence Agents: We introduced what we'll be conversation about in Artificial Intelligence and why those things are necessary. This discussion is of course abou

Prove equations by using the boolean algebraic theorems, Prove the equation...

Prove the equations using the Boolean algebraic theorems that is given below A‾BC + AB‾C + ABC‾+ ABC = AB + BC + AC Ans. The equation given is A‾BC + AB‾C + ABC‾+ ABC = AB + BC +

Stepwise refinement of the program, What do you understand by stepwise refi...

What do you understand by stepwise refinement of the program? The method of "Stepwise refinement" means to take an object and move it from a general perspective to a exact leve

Call the user methods by creating the object, Make a class library and desc...

Make a class library and describe class 'User'. In User class describe the public, protected and Friend functions. Make a console application andadd a reference to this library and

Explain about cathode ray tubes, Q. Explain about Cathode Ray Tubes? Ca...

Q. Explain about Cathode Ray Tubes? Cathode ray tube is the major technology on that televisions and monitors have been based.  CRT is a partially evacuated glass tube which is

Important points of simulations, Important points of simulations In thi...

Important points of simulations In this simulation it is essential to consider: (1)  What and how data is gathered (2)  How simulation is done (3)  How system would wo

How is the connectivity established in verilog, How is the connectivity est...

How is the connectivity established in Verilog when connecting wires of different widths? When connecting wires or ports of different widths, connections are right-justified, S

Why SS7 protocol is use, SS7 Protocol uses: (A) Out of band signalling...

SS7 Protocol uses: (A) Out of band signalling. (B) Associated signalling. (C) Speech control signalling. (D) No signalling. Ans: SS7 Protocol uses Out of

Define rom, Define ROM? It is a non-volatile memory. It includes only r...

Define ROM? It is a non-volatile memory. It includes only reading of stored data.

What is a shell, What is a shell? A shell is an interactive user interf...

What is a shell? A shell is an interactive user interface to an operating system services that permits an user to enter commands as character strings or by a graphical user int

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