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E-payments

Many retailers also sell stored value cards in place of gift certificates. Some stored-value cards work offline, say, to buy a candy bar at a vending machine; others work online, for example, to buy an item from a website; some have both offline and online features. Some cards can be "reloaded" with additional value, at a cash machine; other cards are "disposable" - you can throw them away after you use them. Some stored-value cards contain computer chips that make them "smart" cards: These cards can act like a credit card as well as a debit card, and also can contain stored value.
             While we will focus on credit cards and EFTs as the method of choice for e-commerce, there are some exciting new interernet-based payment systems allow value to be transmitted through computers, sometimes called "e-wallets." You can use "e-wallets" to make "micropayments" - very small online or offline payments for things like a magazine or fast food. When you buy something using your e-wallet, the balance on your online account decreases by that amount. "E-wallets" may work by using some form of stored value or by automatically accessing an account you've set up through a computer system connected to your credit or debit card account. .
             Another form of online payment is the digital certificate. They are a small file that are encoded with all the information that is required for the use of e-payments This includes the name of the buyer, there current location, and there credit card number. These files are very small and can be transported wherever the user goes. This helps to make transactions quick and simple for both the business and the consumer. This standard is also catching on due to the fact that there are many built insecurities being developed for this type of payment.
             Making E-Commerce Safe.
             It is recommended that you make sure your transactions are secure and your personal information is protected.


Essays Related to E-payments

1. Effects of student loans

... degree, diploma or certification in a particular field. In order to continue to qualify the borrower must provide confirmation of enrollment and the interest payments must be up-to-date."(Rina Gouthro) Normally, co-makers will be required for the loan. However, in some circumstances, the student may ... course of studies, the borrower and co-maker will be responsible for the payment of interest on a monthly basis. "When the borrower is not enrolled as a student, repayment will begin in the form of blended payments of principal and interest after a six month grace period has elapsed. An ...

  • Word Count: 2045
  • Approx Pages: 8
  • Has Bibliography
  • Grade Level: High School

2. Principles of Islamic Banking

... important to note that only a legitimate profit in addition to the actual price is considered lawful under Islamic law. Any excessive addition on account of deferred payments will be disallowed as it would amount to a payment based on the value of money over time i.e. interest. Mudaraba: This implies a contract between two parties whereby one party, the rabb al-mal (beneficial owner ... can deliver. Besides their range of equity, trade financing and lending operations, Islamic banks world-wide also offer a full spectrum of fee-paid retail services that do not involve interest payments,...

  • Word Count: 3690
  • Approx Pages: 15
  • Grade Level: Undergraduate

3. Impact of E-payment in Curtailing Fraud in Government Agencies

... or businesses, which are executed through a telecommunications or electronic networks using modern technology. It is obvious that based on this definition, the electronic payments that will be the objects of present result, are the payment that are executed by the payer himself, whether the latter is a consumer or a business, without the intervention of the another natural person ... increase customers' base. More customers mean more revenue. 5. Competitive advantages - match and beat the services of competitors and gain the edge (www.electronic-payments.co.uk, 2007). For Banks; efficienc...

  • Word Count: 8424
  • Approx Pages: 34
  • Has Bibliography
  • Grade Level: High School

4. CRM

... 2. Time Deposit: Application Granting Rollover Renewal Redemption Predetermination 3. Funds Transfers: Domestic Payments, International Payments 4. Savings Account: Deposit, Withdrawal, Cheques, Transfers. 5. Securities: Bonds, Mutual Funds, Shares Purchases Sales. 6. Current Account: Deposit, Withdrawal, Cheques, Transfers. 7. Loans: Application, Granting Loans, Receipt, Draw Downs Repayments. 8. Foreign Currency: Buy and Sell 9. Credit Cards: Applications Enquiries E-CRM ... ability to access Loans Libraries, simulate Loans calculations, submit Loan Applications electronically and che...

  • Word Count: 1286
  • Approx Pages: 5
  • Grade Level: Undergraduate

5. Debt Crisis

... premises: First, HIPC's (highly indebted poor countries) cannot pay; Second, Strong arguments of persuasion are necessary to convince creditors to remit the debt repayments due to them; Finally, there are strong reasons for removing or reducing debt burden (Peters and Dents 391). Basically, it is found that ... of twenty four ministers in Washington D.C. (page 324) It was agreed that low developing countries (LDC) are in need of assistance with their payment balance. IMF (International Monetary Fund) was responsible for providing assistance to LDC; therefore their funds policy was revis...

  • Word Count: 2198
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: High School

6. Russain Currency Crash In August 1997

... $17 billion in debt due this year, but the real crunch was in July of 1999 when due to a fluke of timing, Russia's payment to the IMF shot up from below $400 million per month to over $1.2 billion. It was widely anticipated that Russia would be unable to meet ... these commitments without support from the West. In the short term, Russia had asked for $7 billion to partly roll over repayments to the IMF that were due throughout the year. Russia adopted the promised reforms. If the Russians did not adopt the required changes, the ... many factors, including a lack of maturity in the finan...

  • Word Count: 4431
  • Approx Pages: 18
  • Has Bibliography

7. Equalization payment

... Quebec. Is it fair for people in those two "have" provinces? Is equalization payment efficient? Does it achieve equity? The purpose of this paper is to reassess equalization payment from an economic perspective and exam equalization payment from two major angles: efficiency arguments with incentive effect, and equity criteria. Equalization payments have the original purpose to eliminate the inefficiency of labor migration in a decentralized ... same quality of public services. Equalization is to provinces as horizontal equity is to people. In "The Uneasy Case for Equalization Payment", ...

  • Word Count: 2179
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

8. Imf And World Bank In Africa

... Nevertheless it is still insisted upon that the debts be repaid. Over the past two decades, African countries have spent more on debt repayments than t! hey have received toward anything of assistance, such as development assistance or new loans. Thus, this diverts spending on health ... that was introduced by the Ugandan government in response to IMF fiscal requirements and high debt service payments, which have made it difficult for the government to channel funds into payments for health care and public education. Despite some limited progress in the area of health service ... Develo...

  • Word Count: 2746
  • Approx Pages: 11
  • Grade Level: Undergraduate

9. Balance of Payments and the Australian Dollar

... records reversible transactions and consists of the capital account and the financial account. To examine the impacts of changes to components of the balance of payments on the AUD, each part must be analysed separately. Firstly, changes to the BOGS significantly influences the value of the AUD. This is ... net primary income is the largest factor affecting fluctuations on the value of the AUD. This is because it records return on investment such as interest repayments and dividends. Recently, the deficient has risen by $536 m according to the ABS in 2014, leading to a depreciation of th...

  • Word Count: 1109
  • Approx Pages: 4
  • Grade Level: Undergraduate

10. Commerce Extended Response

... loans which assist young people with their finances and supporting them during their university studies. A number of these programs allow young people to defer their payments until they have graduated or completed their studies and some of the programs even defer the interest until they have completed their course of study.  ... Many of these programs will permit young people to put off payment on the loans for some time, generally after they complete their study, and many times even longer than that. As a result they are given ... are not fully educated and understand the terms and con...

  • Word Count: 948
  • Approx Pages: 4
  • Grade Level: Undergraduate

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