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 atomic directive in fortan, Q. Define Atomic Directive in FORTAN? ...

Q. Define Atomic Directive in FORTAN? Atomic directive guarantees a specific storage location is updated atomically rather than exposing it to odds of multiple simultaneous wri

Poor technology or system requirements definition, Poor Technology or Syste...

Poor Technology or System Requirements Definition - Information System Previously we looked at product design and specifically the importance of requirements capture as part o

What is internal path length, Internal Path length It is described as t...

Internal Path length It is described as the number of node traversed while moving by one particular node to any other node in the tree.

Illustrate control and timing signals, Q. Illustrate control and timing sig...

Q. Illustrate control and timing signals? The requirement of I/O from different I/O devices by processor is quite unpredictable. In fact it relies on I/O needs of particular pr

Explain time complexity in parallel algorithms, Q. Explain Time Complexity ...

Q. Explain Time Complexity in Parallel algorithms? As it takes place nearly everyone who implement algorithms wish to know how much of an individual resource (for example time

Explain the concept of switching, Question: (a) A computer network can...

Question: (a) A computer network can be a LAN or a WAN. Using appropriate diagrams and examples, explain what you understand by the term LAN. Your answer should also explain

Working of compact disk - computer architecture, Working of compact disk: ...

Working of compact disk: A CD is built from 1.2 mm thick, approximately all-pure polycarbonate plastic and its weighs is approximately 15-20 grams. From the core outward compo

What is the analysis techniques object modelling, What is the Analysis Tech...

What is the Analysis Techniques Object Modelling Object modelling is very significant for any object oriented development, object modelling shows static data structure of real

Illustrate cache dram, Q. Illustrate Cache DRAM? Cache DRAM (CDRAM) wh...

Q. Illustrate Cache DRAM? Cache DRAM (CDRAM) which is developed by Mitsubishi integrates a tiny SRAM cache (16Kb) on a generic DRAM chip. SRAM on the CDRAM can be used in two

Protocols and services on internet, To work with Internet as well as to uti...

To work with Internet as well as to utilize its facilities we use certain tools. For illustration, Telnet is a tool, which is utilized for logging on remote computers on the Intern

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