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

Illustration of disk formatting, Q. Illustration of disk formatting? An...

Q. Illustration of disk formatting? An illustration of disk formatting is displayed in Figure below. In this case every track comprises 30 fixed-length sectors of 600 bytes eac

Microcomputer - controlled breadmaking machine, Q. Microcomputer - Controll...

Q. Microcomputer - Controlled Breadmaking Machine? Figure shows a simplified schematic diagram of a microcomputer-controlled breadmaking machine. A microcomputer along with its

What are the two primary models of supply chain management, What are the tw...

What are the two primary models of Supply Chain Management? The Two Primary models of Supply Chain Management are:- 1.  Porter's Value Chain Model 2. Supply Chain Model

What is a rendezvous point?, You insert rendezvous points into Vuser script...

You insert rendezvous points into Vuser scripts to imitate heavy user load on the server. Rendezvous points instruct Vusers to wait during test implementation for multiple Vusers t

What are the elements of analysis model, What are the elements of Analysis ...

What are the elements of Analysis model? i. Data Dictionary ii. Entity Relationship Diagram iii. Data Flow Diagram iv. State Transition Diagram v. Control Specifica

Difference between overlay graph and correlate graph, Overlay Graph: It ove...

Overlay Graph: It overlay the content of two graphs that shares an ordinary x-axis. Left Y-axis on the merged graph show's the present graph's value & Right Y-axis illustrate the v

C++ program, A palindrome is a string that reads the same from both the end...

A palindrome is a string that reads the same from both the ends. Given a string S convert it to a palindrome by doing character replacement. Your task is to convert S to palindrome

Define the internal users of system, Q. Define the Internal Users of system...

Q. Define the Internal Users of system? Internal Users are employees of business for that an information system is built. Illustration are clerical and service staff, technic

Explain conditions for the critical section problem solution, What are the ...

What are the properties which a data item should possess to implement a critical section? The Critical Section Problem Solution should satisfy the following conditions: 1.

Identify the process of entering data into a ROM, The process of entering d...

The process of entering data into a ROM is called ? Ans. The process of entering data in ROM is termed as programming the ROM.

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