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Electronic Payments
Electronic Payments
Introduction
Handling payments over the internet is an
important function of e-Commerce sites.
E-Payments can be convenient for
customers & can save companies money.
The most popular electronic transfers are
automated payments of loans, insurance
payments, & mortgage payments made
from consumers’ accounts.
Contd…
Credit cards are by far the most popular
method that consumers use to pay for
online purchases.
E-Payment systems are becoming central
to e-commerce as companies look for
ways to serve customers faster & at lower
cost.
Contd…
E-payment systems are proliferating in
banking, retail, healthcare, online markets,
and even in Government.
Organizations are motivated by the need
to deliver products & services more cost-
effectively & to provide a higher quality of
service to customers.
Digital Token-based E-payment System