Chapter 15 EPayments: Getting the Money - PowerPoint PPT Presentation

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Chapter 15 EPayments: Getting the Money

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Awad Electronic Commerce 2/e 2004 Pearson Prentice Hall. OBJECTIVES ... Less Protection for Undelivered Items. Risks for Merchants - Overspent Customers. 16 ... – PowerPoint PPT presentation

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Title: Chapter 15 EPayments: Getting the Money


1
Chapter 15E-Payments Getting the Money
2
OBJECTIVES
  • Brief History of Money
  • Features of Real-World Cash
  • Electronic Money
  • Internet-based Systems
  • Electronic Payment Media
  • Issues and Implications

3
BRIEF HISTORY OF MONEY
  • Barter
  • Medium of Exchange
  • Tokens
  • Notational Money
  • Credit System

4
FEATURES OF REAL-WORLD CASH
  • Convenience
  • Wide Acceptance
  • Anonymity
  • No Hidden Cost of Use
  • No Audit Trail

5
ELECTRONIC MONEY (E-Money)
  • Identified and Online (IL)
  • Credit cards and debit cards
  • Identified and Offline (I-L)
  • Check
  • Anonymous and Online (-IL)
  • Cash payments
  • Anonymous and Offline (-I-L)
  • Electronic cash

6
ACID TEST
  • Atomicity
  • Consistency
  • Isolation
  • Durability

7
ICES TEST
  • Interoperability
  • Conservation
  • Economy
  • Scalability

8
TRANSACTION PROPERTIES
9
INTERNET-BASED PAYMENTS
  • Electronic Cash
  • Credit Cards
  • Debit Cards
  • Smart Cards

10
NONTECHNICAL PROPERTIES
  • Acceptability
  • Ease of Integration
  • Customer Base
  • Ease of Use and Access

11
ELECTRONIC TRANSACTION SYSTEMS
  • CyberCash
  • Netbill
  • First Virtual

12
SECURE ELECTRONIC TRANSACTIONS (SET)
  • Confidentiality
  • Integrity
  • Authentication
  • Interoperability

13
ELECTRONIC PAYMENT MEDIA
  • Trusted Third Party
  • Notational Fund Transfer-related Type
  • Digital Cash/ Electronic Money

14
CREDIT CARDS
  • Shopping Cart
  • Credit Card Processing Services
  • Risks of Using Credit Cards
  • Credit Card Laundering

15
DEBIT CARDS
  • Convenience
  • Widely Accepted
  • Easy Application
  • No Grace Payment Period
  • Less Protection for Undelivered Items
  • Risks for Merchants - Overspent Customers

16
SMART CARDS
  • Provide users the ability to make a purchase
  • Hold users cash, ID information and keys
  • Provide authentication of transaction
  • Contain encryption and decryption of messages
  • Enhance data portability
  • Similar to electronic purse

17
DIGICASH E-WALLET
  • No audit trail
  • Offers true digital economy
  • Resistance from the Treasury Department
  • E-wallet
  • A carrier of e-cash
  • A simple and secure way of carrying currency
    electronically

18
ELECTRONIC FUNDS TRANFER AUTOMATED CLEARING
HOUSE
  • Electronic Funds Transfer (EFT)
  • A computer-based system that facilitates the
    transfer of money between two financial
    institutions overnight
  • Automated Clearing House (ACH)
  • Involves more than one financial institution
    routing to debit and credit the correct accounts

19
ISSUES IMPLICATIONS
  • Consumer Needs
  • Corporate Processes
  • Corporate Strategy
  • Regulation of Competition
  • Economics Social Processes

20
Chapter 15E-Payments Getting the Money
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