electronic payment system
Post on 06-May-2015
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Electronic Payment System
Electronic payment system is a system which helps the customer or
user to make online payment for their shopping.
Requirements for E-Payments
Decreasing technology cost
Reduced operational and processing cost
Increasing online commerce
Some Examples of EPS
• Online Reservation
• Online Bill Payment
• Online order placing
• Online ticket booking
Types of EPS
E- WALLETSE- CASH
SMART CARDS CREDIT CARDS
E-cash processing
Bank
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2
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Merchant
Consumer
E-Wallet
Decide on an online site where you would like to shop.
Download a wallet from the merchant’s website.
Fill personal details. Click on the buying button when
ready to buy.
Smart Card processing
Credit card processing
Secure Electronic Transaction
A form of protocol for electronic credit card payments.
SET protocol is used to facilitate the secure transmission of consumer credit card information.
Blocks out details of credit card information.
SET processing
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