Types Of E Payment System Slideshare

Credit such as a visa or a mastercard has a preset spending limit based on the user s credit limit.

Types of e payment system slideshare.

If you continue browsing the site you agree to the use of cookies on this website. What is electronic payment system. Electronic payment system 2. The growing use of internet based banking and shopping has seen the growth of various e commerce payment systems and technology has been developed to increase improve and provide secure e payment.

Everyday people trade goods use services and need to make payments using cash as cash money is the major medium of exchange. Payment cards payment cards are all types of plastic cards that consumers use to make purchases. The indian payment system is transforming from paper mode to electronic mode br two main reasons for such shift are br the regulator has mandated routing all high value transactions electronically to minimize movement of money and risk br at the retail end customers are realizing the efficiency of electronic payments br. Types of eps e cash smart cards credit cards e wallets 7.

Working of various electronic payment system. Presentation on electronic payment systems eps made by. It s also called an electronic payment system or online payment system. Modes of e payment payment cards electronic cash check free check share internet cash wallet smart card 4 5.

Upon completion of the presentation you will be able to understand the concept of electronic payment system and its security services. The electronic payment system has grown increasingly over the last decades due to the growing spread of internet based banking and shopping. Read on to learn more. Banks have developed various payment methods to facilitate the exchange of money that stimulates the growth of commerce helps economic development and.

Types of e payment by. Electronic payment system electronic payment is a form of a financial exchanger that take place between the buyer and. Electronic payment is a financial exchange that takes place online between buyers and sellers electronically without the use of actual cash or money. An e payment system is a way of making transactions or paying for goods and services through an electronic medium without the use of checks or cash.

K ragapriya 17a91m0010 imba 1 slideshare uses cookies to improve functionality and performance and to provide you with relevant advertising. This mode of payment without using cash or cheque is called an e commerce payment system and is also known as online or electronic payment systems. Definition uses of electronic payment requirements types of e payment system benefits of e payment system types of transactions security issues conclusion 3. E payment system ppt 1.