A Report On Online Payment Systems

This paper is about E-Business / E-Commerce E-Trust, E-Security, & E-Privacy. The main topics that will be discussed are mainly from the consumers standpoint, but also a little from the E-Business and E-Commerce standpoint as well. The scope of this paper does not include details on how to establish security nor address privacy concerns.

20.) Smart card A smart card is a plastic card about the size of a credit card, with an embedded microchip that can be loaded with data, used for telephone calling, electronic cash payments, and other applications, and then periodically refreshed for additional use.

Initially security issues wouldn’t be very high priority for this website as they had no customer information that they could lose but now that I have given them a shop and a members section, they would have to be a lot more conscious of security issues. According to my research people think that security is very important, in my research the participants of my questionnaire almost all said very important and only a few said fairly important. This is one of the sections that I see to be a high priority, this is because when a customer buys something they are agreeing to the business retaining their contact details, so they need to be highly protected from things like crashes and hacking. Security also applies to some other parts of the website, including on the member’s login, which retains their email address and name, and on the contact us page, as this retains the name and email address as well. I used a PayPal login box on the front end of the website due to what my research showed me, it was one of the most common subjects of my research, and this is the more secure payment option of the website but the Kendal golf club website mentioned what type of security they use, which was a 128 bit encryption, and upon further research I found that this was a very secure type of encryption and I plan to use that as the payment method on the website. The only problem with secure payment is that it may cost money to set up which the business may not

One important part of E-Commerce is maintaining stringent site security, confidentiality for the customers, integrity, and availability, also a secure system must contain authentication verification of the user, Authorization, allowing manipulation of the resources in a specific way and Encryption for records and transactions.

When you are taking payment on the internet, you need to have a payment processor. This is a service that will collect you customer's credit card information and to tell you if the order was successful or not. Locally setting this up is fairly easy and all you have to do is create a sales letter, and a download page. And after somebody pays you it simply redirects them to the download page. And they did not pay you it does not redirect them to that download page.

Card holders have several countermeasures, including complex software which can assemble a vest interaction and guesstimate the possibility of fraud. For example, a large trade occurring in a great distance from the cardholder’s home might seem mistrustful. Merchants may be commanded to call the card holder for authentication, or reject the transaction or do whatever they want. Customers must call the issuer and prove their identity to get their card back.

Book Bunker’s interest in accepting payments online also requires knowledge regarding online security. Online security is vital to an e-commerce business, because customer information, as well as transaction information is available to hackers if the correct security protocols are not implemented. Creating a secure online environment for Book Bunker customers can be done through various security features such firewalls, software, and a secure e-pay service. Security protocols should be implemented prior to the online payment system being activated, to ensure the customer information and transaction records are protected. The acceptance on online payments will also require preparation, such as creating a merchant account, choosing a service, and imbedding the service on the Book Bunker website. Implementation can be time consuming, but the result will be increased revenue for Book Bunker, because customers will not be deterred by the requirement to complete sales over the phone or in the store.

Smart card is used in information technology as a portable integrated device with data storage and data processing capabilities. In other fields, smart cards used in health systems became popular due to their increased capability and performance. Its efficient use with easy and fast data access leads to implementation especially in security systems.

This service provides you with the ability to give your customers cash back rewards for their purchases. You can also accept mobile payments via plastic to mobile card conversion. Additionally, they have automated and manual reloading of card balances based on your preferences. There is a Card Studio website where your customers can purchase personalized gift cards online. And there is a card registration process that protects cards against loss or theft. They also have a merchant-branded customer website with unique card management features.

Smart Card LLC has failed to correctly identify its target market and understand its size. They want their product to appeal to the masses. Successfully implementing a one size fits all product without a specific marketing scheme is likely to fail.

The Purpose of this report is to show the use of current technologies for payment support procedures in small and medium businesses. Article covers various solutions to process payments and ultimately determine the best of them. SME’s are designed to the deal with B2B and/or B2C customers depending on the business needs. As per latest discovered trends in the North America the ‘payment’ is preferred if digitalized, such a trend is a result of efforts Fintech and Paytech companies like bitpay, Kabbage, kantox , etc.x. For intents and purposes payments flow can be categorized as consumer and business. Cash and card for former, cheque and EFT for latter. The need for demonetization emerges so as to match with the with rest of the world in the

The online payment marketplace is experiencing an explosion of innovative ideas, plans, and announcements, which one commentator has likened to a “goat rodeo”, a chaotic situation in which powerful players with different agendas compete with one another for public acceptance, and above all, huge potential revenues. Others liken the payment marketplace to a battle among the four platform titans Apple, Google, Facebook, and Amazon. Each of these titans have their own versions of a future payment system that challenges the other players. And let’s not forget PayPal, the reigning power in alternative online payment, or the credit card companies who process over 70% of online payments, or the

Ecommerce allows consumers to exchange goods and services electronically with no barriers of time or distance. E-commerce is the marketing, buying and selling of merchandise or services over the Internet. It is currently one of the most important aspects of the Internet to emerge. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. The biggest advantage of E-Commerce is the ability to provide secure shopping transactions via the internet and coupled with almost instant verification and validation of credit card transactions. The various legal and ethical issues in E-Commerce are discussed

Online payment processing solutions allow customers to make item purchases with only a few simple clicks of the mouse. An online payment processing solution can make purchases so easy even those who aren 't skilled with computers can easily make online purchases quickly and easily. Making it easy for anyone to enjoy making purchases over the internet.

Electronic Business, regularly known as E- Trade or ecommerce, is the procedure of exchanging items or administrations utilizing machine systems, for example, . It can likewise be characterized as anything that includes an online transaction. This can run from requesting on the , through online conveyance of paid substance, to budgetary transactions, for example, development of cash between ledgers, etc.