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

Draw back of assigning one bit position to control signals, What is the dra...

What is the draw back of assigning one bit position to each control signals? Assigning individual bits to every control signal results in long microinstructions due to the numb

Elucidate basic time division time switching method, With the help of block...

With the help of block diagram Elucidate basic time division time switching method. Basic Time Division Switching: Functional blocks of a memory based time division switching

Describe about remote-load latency problem, Q. Describe about Remote-load L...

Q. Describe about Remote-load Latency Problem? When one processor requires some remote loading of data from other nodes then processor has to wait for these two remote load ope

Rsa encryption function- cryptography, The general method for constructing ...

The general method for constructing the parameters of the RSA cryptosystem can be described as follows: Select two primes p and q Let N = pq and determine ∅ (N) = (p - 1

What is pipelining, What is pipelining? The overlapping of implementati...

What is pipelining? The overlapping of implementation of successive instructions is known as pipelining.

Projects on cluster computing, Some famous projects on cluster computing ar...

Some famous projects on cluster computing are as follows: High Net Worth Project: (developed by: Bill McMillan, JISC NTI/65 - The HNW Project, University of Glasgow, The prim

What is inheritance, What is Inheritance? Inheritance is the method of ...

What is Inheritance? Inheritance is the method of deriving a feature of super class into sub class. Every sub class inherits the attributes, operations and association of its s

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

Define service (within r/3), Define service (within R/3)? A service is...

Define service (within R/3)? A service is a process or group of processes that perform a exact system function and often give an application-programming interface for other pr

Discuss the advantages of expression tree, Discuss its advantages over the ...

Discuss its advantages over the other evaluation techniques. The expression tree is determined by using a post-order traversal of the expression tree as given here: 1. If such

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