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

How to fix an asic-based design from easiest to most extreme, How to fix an...

How to fix an ASIC-based design from easiest to most extreme? There are different ways to fix an ASIC-based design as given below: Initially, assume some reviews fundamentally.

Computer engineering designing, How the production of metal contributes to ...

How the production of metal contributes to computer engineering designing?

Explain the instruction decode, Q. Explain the Instruction Decode? Ins...

Q. Explain the Instruction Decode? Instruction Decode: This phase is performed under control of Control Unit of computer. The Control Unit determines the operation which is t

Name the two operations of stack, Name the two operations of stack A st...

Name the two operations of stack A stack has only two operations and they are insertion and deletion of items. The operation insertion is called push (or push-down) as it can b

C++, Byteland county is very famous for luminous jewels. Luminous jewels ar...

Byteland county is very famous for luminous jewels. Luminous jewels are used in making beautiful necklaces. A necklace consists of various luminous jewels of particular colour. Nec

What is assembler, What is Assembler A macro-assembler or assembler nor...

What is Assembler A macro-assembler or assembler normally forms a part of operating system. That translates an assembly language program into machine language program.

Explain the techniques used for protection of user files, Explain the techn...

Explain the techniques used for protection of user files. This is easier to protect against accidental than malicious misuse. Protection of user files implies that file owne

Find out data changing from special code to temporal code, Data can be chan...

Data can be changed from special code to temporal code by using ? Ans. By using Shift Registers data can be changed from special code to temporal code. A Register wherein data ge

Explain the parallel data storage - application of flip flop, Explain the P...

Explain the Parallel Data Storage - application of flip flops? In digital systems, data are usually stored in groups of bits that represent numbers, codes, or other information

What is a kernel shell, A shell is a program that presents an interface to ...

A shell is a program that presents an interface to several operating system functions and services. The shell is so called because it is an outer layer of interface among the user

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