Book Bunker : Online Payment And Security

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.

Some security risks involved with conducting business online are imposters, eavesdroppers and thieves. Also, there are crackers or hackers, which are people who write programs and manipulate technologies to obtain unauthorized access to computers and networks. The elements of computer security are secrecy, integrity and necessity. Secrecy is protecting against unauthorized data disclosure. Integrity is preventing data from being modified by someone who is unauthorized and ensuring that the contents of emails aren’t changed before they get to he recipient. Necessity is preventing data delays or denials. It is important to establish a security policy to protect assets, to define acceptance and unacceptable behavior and to review physical and

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.

One of the biggest advantage of E-commerce is the skills for providing secure transaction through Internet,

In this era of globalization and cut-throat world of competition, it is virtually impossible to do business without using the internet and web applications. Internet gets used for processing the credit card or debit card sale and even for using to save the data of customers to the merchant’s database for future reference and to send promotional offers to the previous and patron customers. And on the other hand, hackers are trying their best to get the data stored on the merchant’s server by spoofing

The e-commerce changes the way people do business. This new deal of doing business will continue to growth adequately with the privacy protection. The confidence of the customer is very important to increase the success of the e-commerce. Thus, a good system of the privacy protection is a must for the online

Online shopping has become a lifesaver for many consumer providing conveniences; convenience sells. Today’s consumers expect to see a company’s presence online with the top social media tools including Facebook and Twitter. With the advancements in mobile technology, consumers can make purchases with the click of a few keystrokes on their smartphone. These purchases require customers to enter in their personal information, including mailing address, email and banking information. Entering this information online can open customers up to the threat of hackers stealing their personal information including their bank account information.

As the world has come into the 21st century, there is one prominent and constant fact - everyone is on the internet. Whether willingly or not, information like house addresses, social security numbers, and credit card numbers can be put out and obtained through the internet. It is unusual for a business, even an individual person, to not have a website. Knowing the types of threats that are out there is the first step to implementing protection measures. While there are many types of well-known threats in existence, there are even more types of common, yet less well-known threats out there.

Major Considerations Security Internet-enabled business, including online financial transactions, has evolved significantly over the past decade, from blue-sky vision to practical tool and enabler. Despite the recognized progress, security remains a legitimate concern in considering online payments – as much in terms of the transaction and the flow of payment, as in terms of the overall risk profile of a transaction. While PAD is generally focused on retail sales, the company is looking at larger shipments to certain markets, and may face exposures as high as $150,000 in a single deal. Open account Banks across the globe are recognizing that importers and exporters are shifting significant business volumes – in fact, the majority of trade – to open account terms. Some of the financial institutions have interesting offerings in this space, and Palate-Able Delights could benefit from doing business on open

The use of the internet for e-commerce transactions is transforming the way people around the globe purchase goods and services. While brick and mortar businesses struggle to keep their doors open, businesses are responding by moving their goods and services online to reach the widest base of consumers possible. In order to protect businesses and consumers, legal protections must be created and enforced. Providing of overview of three of these protections along with proposing solutions to enhance the protection of e-commerce transactions will show the necessity of these legal protections.

Security in the age of internet has become a tremendously important issue to provide comfort not only for paranoid people but for many others who are naïve to believe that protection in digital era is essential to communication between millions of people that increasingly used as a tool for commerce.

Payment systems are used by customers and businesses to transfers funds from one account to another account.

This security policy would be used to provide all current and prospective customers online banking services while keeping the First World Saing bank competitive in the financial marketplace. This solution is also an imperative due to an estimated revenue of $100,0000,000 flowing in by virtue of online credit card transactions specific to banking and loan application based services. This security policy will go on to outline the specific regulations and

A step further from using internet and near field communication (NFC) for authentication, reliability and convenience using mobile UID’s. One such system platform is PayTM. Using PayTM ’s flexibility in using different modes of payments to highlight benefits of using such a common interfacing technology. Keeping that in mind, business model of PayTM as a reference a common digital wallet interface is a possibility for future use. Within the model the wallet stores the amount in currency units which is used to make payments/purchases online and offline. The amount is credited using the Credit, Debit card, fund transfer or Kiosk payments. Using wallet acts an extra layer for information security, ending need for a payment gateway during the actual transaction as the buffer memory of the mobile device itself stores the information which updates periodically as and when the device connects to the internet, matching transactions with online cloud server. With the wide array of options for connecting to the internet including public, dedicated wifi and data connection it is simple, affordable and much more achievable goal.

In America, Amazon.com is the biggest e-commerce retailer having nearly 600 million visitors every year; this would appear to attract numerous hackers, phishes and Internet scammers’-commerce websites must gather positive pieces of personally categorizing information for processing transactions. Amazon.com is one such. Conversely, the technology used by them for