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Chapter 9 : Electronic Commerce Payment System
A Coggle Diagram about
Critical factors (
Divisibility,
Ease of Use,
Anonymity,
Transaction Fees,
Security. How safe is the transfer?,
International Support,
Interoperability and Portability,
Regulations and
Independence),
B2B Electronic Payments,
Using payment cards online,
Mobile Payments (
MOBILE REMOTE PAYMENTS,
MOBILE PROXIMITY PAYMENTS and
MOBILE POS PAYMENTS),
Smart card (
Types of Smart Cards and
Applications of Smart Cards),
B2B Electronic Payments,
1) Stored-Value Cards (
- stored-value card
-card that has monetary value loaded onto it and that is usually rechargeable
Stored-Value Cards come in two varieties
-Closed loop are single-purpose cards issued by a specific
merchant or merchant group
-Open loop are multipurpose cards that can be used to make debit transactions at a variety of retailers
),
2) E-Micropayments (
- e-micropayments
Small online payments, typically under $10
Five basic micropayment models that do not depend solely or directly on credit or debit cards
-Aggregation
-Direct payment
-Stored value
-Subscriptions
-À la carte
),
3) E-Checking (
- e-check
legally valid electronic version or representation of a paper check
Automated Clearing House (ACH) Network
-nationwide batch-oriented electronic funds transfer system that provides for the interbank clearing of electronic payments for participating financial institutions
) and
4) 