What are the types of electronic payment system, Computer Engineering

Assignment Help:

What are the types of electronic payment system?

Types of the electronic payment system are as given below:

The most Internet payment way for Business to Customer is credit cards.
Mainly concern for customers is security when sending credit card information with name and card number as well as expiry date via Internet.

At currently most of the companies employ SSL (Secured Socket layer) protocol to give privacy and security.
Visa and MasterCard have equally developed a more secure protocol, termed as Secure Electronic Transmission (SET) Typical Electronic payment system for EC- Electronic credit card, debit card, EFT and stored value card as well as e-check.


Related Discussions:- What are the types of electronic payment system

Pruning and sorting, Pruning and Sorting: This means we can test where...

Pruning and Sorting: This means we can test where each hypothesis explains as entails a common example that we can associate to a hypothesis a set of positive elements in whic

Give examples of different parameter-passing mechanisms, Explain different ...

Explain different parameter passing mechanisms to a function with the help of example? The different parameter-passing mechanisms are given below: 1.   Call by value 2.

Illustration of display on video monitor, Q. Illustration of Display on Vid...

Q. Illustration of Display on Video Monitor? Displaying a single character ; display contents of BL register (Presume that it has a single character) MOV AH, 02H MOV D

Difference among java beans & servlets, Java bean is a reusable component, ...

Java bean is a reusable component, where as the servlet is the java program which extends the server capability.

What is the advantage of dividing an email address, What is the advantage o...

What is the advantage of dividing an email address into two parts? The division of an e-mail address in two parts is significant since it achieve two objectives. First, the div

Determine the uses of defparam, Using defparam Parameter values can be ...

Using defparam Parameter values can be changed in any module instance in the design with keyword defparam. Hierarchical name of the module instance can be used to override para

Attributes of a field can be activated during runtime, What are the attribu...

What are the attributes of a field that can be activated or deactivated during runtime? Input, Output, Mandatory, Active, Highlighted, Invisible.

Advantage or disadvantage of using INADDR_ANY, What is the advantage or dis...

What is the advantage or disadvantage of using INADDR_ANY instead of the IP address of the computer running on the server? The format of TCP/IP, structure sockaddr_in defines u

What is public key cryptography, What is Public Key Cryptography? Pub...

What is Public Key Cryptography? Public-key cryptography is a type of modern cryptography that allows users to communicate safely without any previously agreeing on a shared

Invoke on the dataadapter control, Which method do you invoke on the DataAd...

Which method do you invoke on the DataAdapter control to load  your generated dataset with data? DataAdapter.Fill(ds). The beauty of this method is it automatically implicitly

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