E-Commerce Payment System
Agenda
Electronic Payments
Electronic payment systems
E-Commerce Transaction
EXAMPLES OF ELECTRONIC PAYMENT SYSTEMS FOR E-COMMERCE
Digital wallets
Digital Wallets
Type of Digital Wallets
Micropayment
Accumulated balance digital payment systems
Accumulated balance
Digital Accumulating Balance Payment Systems
Online stored value payment systems
Online Stored Value Systems
Digital checking systems
Digital Checking: eCheck
Digital Checking Payment Systems
Electronic billing presentment and payment systems
Examples of online payment systems
Examples of Digital Cash
Online Credit Card Use
Digital Credit Card Payment Systems
PayPal
PayPal
Credit Card
How an online credit transaction works
Limitations of Online Credit Card Payment Systems
Stored Value
The SET (Secure Electronic Transaction) Protocol
How SET Transactions Work
References

Stored Value

Accounts created by depositing funds into an account and from which funds are paid out or withdrawn as needed
Examples: Debit cards, gift certificates, prepaid cards, smart cards
Debit cards: Immediately debit a checking or other demand-deposit account
Peer-to-peer payment systems such as PayPal a variation
An example of an online stored value system
Aimed at teenagers
Funds can be deposited in a RocketCash account, which functions like a credit card and allows teens to buy products online