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

Explain priority interrupt, What is priority interrupt? A priority inte...

What is priority interrupt? A priority interrupt is an interrupt that establishes a priority over the various sources to verify which condition is to be serviced first when two

What is a size category, What is a Size Category? The Size category ve...

What is a Size Category? The Size category verifies the probable space needs of the table in the database.

What is low-level formatting, What is low-level formatting?  Before a d...

What is low-level formatting?  Before a disk can store data, it must be divided into sectors that the disk controller can read and write. This process is known as low-level for

What is a verification point?, A verification point is a point in a script ...

A verification point is a point in a script that you make to confirm the state of an object across builds of the application-under-test.

Process of interaction design, This unit starts by discussing the importanc...

This unit starts by discussing the importance of involving users in the interaction design process, explaining the reasons why user involvement can be useful, the different degrees

Define interrupt processing, Q. Define Interrupt Processing? On complet...

Q. Define Interrupt Processing? On completion of execution of an instruction machine checks whether there is any pending interrupt request for interrupts which are enabled. If

Telecommunications, with poisson arrival of two calls per minute what is th...

with poisson arrival of two calls per minute what is the probability that more than three calls will arrive in two minutes? that is the time during which at least 4 calls will arr

What are the advantages of carrying out simulations, What are the Advantage...

What are the Advantages of carrying out simulations -  saves cost (instead of doing the real thing) -  Safer (scenarios tried out on the simulation first before used in real

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