﷽

‫َّللاَ لَ َع‬ ُ ‫صا ِب ُروا َو َرا ِب‬

َّ ‫طوا َواتَّقُوا‬ َ ‫يَا أَيُّ َها الَّ ِذ‬
ْ ‫ين آ َمنُوا ا‬
َ ‫ص ِب ُروا َو‬
(QS. Al-Imron 200) ‫ون‬ َ ‫لَّ ُك ْم ت ُ ْف ِل ُح‬

“O you who have believed, persevere and

endure and remain stationed and fear Allah
that you may be successful.”
PAYMENT

Marsely Forma
A payment is the trade of value from one party
(such as a person or company) to another for
goods, or services, or to fulfill a legal obligation
 Classification of Payment Methods

• Large Value Payment System

• Retail Payment System:
– Cash Payment
– Paper Based Payments
• Cheques
• Demand Drafts
• Payment Orders or Banker’s Cheques:
– Card Based Payments
• Credit Card
• Debit Card
• Electronic Payments and Remittances
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. It’s also called an electronic payment
system or online payment system. Read on to learn more.
 Electronic payment (E-payment) Methods

E-payment methods could be classified into two areas, credit payment

systems and cash payment systems.

1. Credit Payment System

• Credit Card
• E-wallet
• Smart card

2. Cash Payment System

• Direct debit
• E-check
• E-cash
• Stored-value card
 Requirements of
E-Payment Methods

• Enable an honest customer to convince a

seller to accept payment
• Prevent a dishonest customer from making
unauthorized or fraudulent payments
• Ensure the privacy of honest participants
• Scalable to very large numbers of customers
• Integrate with existing and evolving systems
 Pros and Cons of Using an E-payment
System
• Pros:
– Potential for great flexibility
– Low transaction costs
– Rapid and diverse purchase power
• Cons:
– Perfect copying of transactions is possible
– Vulnerability to world-wide attack
– Lack of anonymity, potential for privacy intrusion
1. Customer action
The process begins when a
customer visits the merchant’s
site and adds to the cart items
(products or services) they want
to buy. They, then need to fill out
the payment form with certain
information (e.g. card number,
expiration date, CVV code,
address). Depending on the
payment method, the customer
is either redirected to external
service or bank’s website or
continues the payment on the
website or in an app.
2. Payment authentication by the operator
The payment gateway (with other parties involved) checks whether
the payment information is valid. If everything’s OK, the process
continues and the payment gateway reports back the successful
transaction. After that, the customer receives a payment
confirmation — the notification is usually displayed in real-time.
3. Payment to the seller’s
account
An online payment
provider receives a
payment from a customer’s
bank and transfers it to the
merchant’s account.
Thank you, next