Chapter 12 Electronic Payment Systems
Chapter 12 Electronic Payment Systems
Learning objectives 1. Understand the shifts that are occurring with regards to non-cash and online payments 2. Discuss the players and processes involved in using credit cards online 3. Discuss the different categories and potential uses of smart cards 4. Discuss various online alternatives to credit card payments and identify under what circumstances they are best used Electronic Commerc Prentice Hall 2006
Electronic Commerce Prentice Hall © 2006 2 Learning Objectives 1. Understand the shifts that are occurring with regards to non-cash and online payments. 2. Discuss the players and processes involved in using credit cards online. 3. Discuss the different categories and potential uses of smart cards. 4. Discuss various online alternatives to credit card payments and identify under what circumstances they are best used
Learning objectives 5. Describe the processes and parties involved in e checking 6. Describe payment methods in B2B EC, including payments for global trade 7. Discuss electronic bill and invoice presentment and payment 8. Understand the sales tax implications of e-payments Electronic Commerc Prentice Hall 2006
Electronic Commerce Prentice Hall © 2006 3 Learning Objectives 5. Describe the processes and parties involved in echecking. 6. Describe payment methods in B2B EC, including payments for global trade. 7. Discuss electronic bill and invoice presentment and payment. 8. Understand the sales tax implications of e-payments
The payment revolution · Crucia| Factors Independence Interoperability and portability Security Anonymity Divisibility Ease of use Transaction fees Regulations Electronic Commerc Prentice Hall 2006
Electronic Commerce Prentice Hall © 2006 4 The Payment Revolution • Crucial Factors – Independence – Interoperability and portability – Security – Anonymity – Divisibility – Ease of use – Transaction fees – Regulations
Using Payments Cards Online payment card Electronic card that contains information that can be used for payment purposes Three forms of payment cards Credit cards Charge cards Debit cards Electronic Commerc Prentice Hall 2006 5
Electronic Commerce Prentice Hall © 2006 5 Using Payments Cards Online payment card Electronic card that contains information that can be used for payment purposes • Three forms of payment cards: – Credit cards – Charge cards – Debit cards