Types Of E Payment System Slideshare

The indian payment system is transforming from paper mode to electronic mode br two main reasons for such shift are br the regulator has mandated routing all high value transactions electronically to minimize movement of money and risk br at the retail end customers are realizing the efficiency of electronic payments br.

Types of e payment system slideshare.

Read on to learn more. Payment cards payment cards are all types of plastic cards that consumers use to make purchases. Modes of e payment payment cards electronic cash check free check share internet cash wallet smart card 4 5. It s also called an electronic payment system or online payment system.

Electronic payment system electronic payment is a form of a financial exchanger that take place between the buyer and. Electronic payment system it an e commerce environment payments take the form of money exchange in an electronic form and are therefore called electronic payments electronic payments e payments are an integral part of e commerce and are one of its most crucial aspects. Upon completion of the presentation you will be able to understand the concept of electronic payment system and its security services. If you continue browsing the site you agree to the use of cookies on this website.

Electronic payment is a financial exchange that takes place online between buyers and sellers electronically without the use of actual cash or money. The electronic payment system has grown increasingly over the last decades due to the growing spread of internet based banking and shopping. Banks have developed various payment methods to facilitate the exchange of money that stimulates the growth of commerce helps economic development and. Different types of payments payment systems.

Working of various electronic payment system. An e payment system is a way of making transactions or paying for goods and services through an electronic medium without the use of checks or cash. Types of e payment by. Naimiksha m sc it 1st yr 2.

Definition uses of electronic payment requirements types of e payment system benefits of e payment system types of transactions security issues conclusion 3. This mode of payment without using cash or cheque is called an e commerce payment system and is also known as online or electronic payment systems. Everyday people trade goods use services and need to make payments using cash as cash money is the major medium of exchange. Types of eps e cash smart cards credit cards e wallets 7.

Presentation on electronic payment systems eps made by. Electronic payment system 2. The growing use of internet based banking and shopping has seen the growth of various e commerce payment systems and technology has been developed to increase improve and provide secure e payment. What is electronic payment system.