Electronic payment system (Eps)
Download as PPT, PDF1 like994 views
The document explains an electronic payment system (EPS) that enables customers to make online payments, facilitating various transactions including online reservations and bill payments. It highlights the advantages such as time-saving and reduced theft risk, along with disadvantages like hacking risks and the necessity of internet access. Additionally, it lists various payment methods and the phases involved in the e-payment process.
1 of 8
Downloaded 12 times
More Related Content
What's hot (20)
Ad
Similar to Electronic payment system (Eps) (20)
Ad
Recently uploaded (20)
Electronic payment system (Eps)
- 2. Electronic Payment System(EPS) The system which helps the customer to make online payments. EPT facilitates the acceptance of electronic payment for online transactions. Also known as a sample of electronic data inter change(EDI). In north America almost 90% of online retail transactions were done by this parent type. Examples of EPS: Online reservation Online ticket booking(movie) online bill payment Online order placing(nirulas)
- 3. Generic E-Pament System 3 Invoices Payer Payee Registration Payment Authorisation Issuere Acquirer Inter- bank settlement
- 4. Phases in E- Payment system Registration Invoicing Payment selection & processing Payment authorisation & confirmation
- 5. Methods of online payment Net banking Credit cards Debit cards Smart cards Paypal Google wallet Mobile money wallet Bitcoin etc…
- 6. Advantages of EPS Time saving Expenses control Reduced risk of loss & theft Low commissions User friendly Convenience Increased profitability
- 7. Disadvantages of EPS Restrictions Risk of being hacked Money transfer between payment systems Lack of anonymity Necessity of internet access
- 8. Thank you