E-PAYMENT SYSTEM

Aswin Julas Chacko 1817004

Anju Ans Saji 1817019
Kushali Bhurat R 1817035
Shilpa Elizabeth George 1817052
 What is an e- payment system?
• An e- payment system away of making transactions or paying for goods and
services through an electronic medium, without the use of checks or cash.
History
Types of E payment Methods
CREDIT CARD

A credit card is a payment card issued to users

(cardholders) to enable the cardholder to pay
a merchant for goods and services based on the
cardholder's promise to the card issuer to pay them
for the amounts plus the other agreed charges. The
card issuer (usually a bank) creates a revolving
account and grants a line of credit to the cardholder,
from which the cardholder can borrow money for
payment to a merchant or as a cash advance.
DEBIT CARD

A debit card (also known as a bank card, plastic

card or check card) is a plastic payment card that
can be used instead of cash when making purchases.
It is similar to a credit card, but unlike a credit card,
the money is immediately transferred directly from
the cardholder's bank account when performing a
transaction. Debit cards usually also allow instant
withdrawal of cash, acting as an ATM card for this
purpose. Merchants may also offer cash
back facilities to customers, so that a customer can
withdraw cash along with their purchase
E-Wallet
A digital wallet refers to
an electronic device or online service
that allows an individual to make
electronic transactions. This can
include purchasing items on-line with
a computer or using a smart-phone to
purchase something at a store. An
individual's bank account can also be
linked to the digital wallet. They
might also have their driver's
license, health card, loyalty card(s)
and other ID documents stored on the
phone. The credentials can be passed
to a merchant's terminal wirelessly
via near field communication (NFC).
Increasingly, digital wallets are being
made not just for basic financial
transactions but to also authenticate
the holder's credentials.
INTERNET BANKING
Online banking, also known as internet banking, is
an electronic payment system that enables customers
of a bank or other financial institution to conduct a
range of financial transactions through the financial
institution's website. The online banking system will
typically connect to or be part of the core banking
system operated by a bank and is in contrast to branch
banking which was the traditional way customers
accessed banking services. Internet banking software
provides personal and corporate banking services
offering features such as viewing account balances,
obtaining statements, checking recent transaction and
making payments
CRYPTOCURRENCIES
A cryptocurrency (or crypto currency) is
a digital asset designed to work as a medium of
exchange that uses strong cryptography to secure
financial transactions, control the creation of
additional units, and verify the transfer of assets.
Cryptocurrencies use decentralized control as
opposed to centralized digital currency and central
banking systems.
The decentralized control of each cryptocurrency
works through distributed ledger technology,
typically a blockchain, that serves as a public
financial transaction database. Bitcoin, first
released as open-source software in 2009, is
generally considered the first decentralized
cryptocurrency.Since the release of bitcoin, over
4,000 altcoins (alternative variants of bitcoin, or
other cryptocurrencies) have been created.
Benefits of E-Payment
System
• Increased speed and convenience
• Increased sales
• Time saving
• User-friendly
• Expense control
Dis-advantages of E-
Payment System
• Lack of Anonymity
• Necessity of Internet access
• Restrictions
• Security Concerns
RECENT TRENDS:
• The last 24 months have seen amazing shifts in the digitization of payments
in India.
• Demonetization provided a strong impetus for consumers to move to non-
cash payment methods
• The number of merchants accepting card payments has more than doubled
in the last two years to cross 3 million and number of UPI transactions
almost touched 250 million in June 2018.
• The proportion of cash transactions in the total consumer spending in the country
has come down from 78% in 2015 to 68% in 2017.
• Top 5 trends that we expect to play out in country are:
• UPI
• QR code
• Zero transaction fees
• Cybersecurity
• Payments space
 What is e-payment?

A. Electronic payment for buying and selling through the Internet

B. Payment of online software
C. Payment of online services
A. Electronic payment for buying and selling
through the Internet
 What is the main driver of electronic payment
growth?

A. Consumer demand for new methods

B. Government regulation
C. Technology development
C. Technology development
 What are the main concerns about electronic
payment?

A. Privacy and security

B. Privacy and charged fees
C. Security and charged fees
A. Privacy and security
 What is Bitcoin?

A. An online payment blog

B. First decentralized digital currency
C. A mobile app for online shopping
B. First decentralized digital currency
 Which of the following is not an example of
mobile payment?

A. Near Field Communication (NFC)

B. Pay Safe Card
C. PayGol
D. Boku
B. Pay Safe Card
For international business, e-payment should be
thought around 2 axis. Which ones?

A. Quality and Customer

B. Customer and Security
C. Security and Quality
A. Quality and Customer
 Which of the following isn't a procedure used
by companies to verify the purchase forms?

A. Card Verification Number (CVN)

B. Address Verification System (AVS)
C. Digital Signature System (DSS)
C. Digital Signature System (DSS)
 What can you do with MBnet service?

A. Create a virtual debit card

B. Open a new bank account
C. Order a new credit card
A. Create a virtual debit card
 Which one of the following is not a Digital
Wallet?

A. Google Wallet
B. MFerio
C. IGS Wallet
D. Lemon Wallet
C. IGS Wallet
 What is Digital checking?

A. An online commercial payment platform

B. An electronic variation of the paper check
C. Exploration software por payment checking
B. An electronic variation of the paper check
PayPal is currently used in how many countries
and currencies?

A. 150 countries and 12 currencies

B. 180 countries and 18 currencies
C. 190 countries and 24 currencies
C. 190 countries and 24 currencies
 Which of the following companies offers
micropayment versatile solutions in Portugal
nowadays?
A. Easypay
B. Payone
C. MBill
A. Easypay