Electronic payment systems
Download
1 / 21

Electronic payment systems - PowerPoint PPT Presentation


  • 114 Views
  • Uploaded on

Electronic payment systems. Electronic money. Money or scrip which is exchanged only electronically. Advantages of electronic money. No handling physical cash or cheques No waiting on lines Lower-hassle environment Immediate transfer. Disadvantages of electronic money. Fraud

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Electronic payment systems' - maja


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

Electronic money
Electronic money

Money or scrip

which is exchanged

only electronically


Advantages of electronic money
Advantages of electronic money

  • No handling physical cash or cheques

  • No waiting on lines

  • Lower-hassle environment

  • Immediate transfer


Disadvantages of electronic money
Disadvantages of electronic money

  • Fraud

  • Failure of technology

  • Possible tracking of individuals

  • Loss of human interaction


Consumer resistance
Consumer resistance

  • Proof of payment

  • Control

  • Security and privacy

  • No time or motivation to make a change



Payment cards1
Payment cards

  • contain information that can be used for payment purpose

  • 3 forms: credit, debit and charge

  • credit card - purchases up to limit fixed by the card issuer

Front side

1. Issuing bank logo

2. EMV chip

3. Hologram

4. Card number

5. Card brand logo

6. Expiry Date

7. Cardholder's name

Reverse side

1. Magnetic Stripe

2. Signature Strip

3. Card Security Code

typical credit card


Payment cards2
Payment cards

  • debit card - money comes directly out of the holder’s checking account.

    - transfer of funds within 1 to 2 days

  • The "debit" networks -> purchases are made in person and a personal identification number is supplied

  • The "credit" networks -> cards are charged with only a signature, and/or picture ID

  • Online and offline debit transactions

    - online debit (PIN debit)

    - offline debit (signature debit)


Payment cards3
Payment cards

  • charge card - obtaining a very short term

    (30-45days) loan for a purchase

    - charges every month

    - no "min. payment"

  • virtual credit cards

    • designed for online purchases

    • randomly generated card number tied to the buyer’s actual card number

    • can be used only once

    • known as single-use card number


Payment cards4
Payment cards

  • a plastic card with an embedded chip

    1. Contact card

    - gold plate

    - EPROM or EEPROM

    2. Contactless (proximity) card

    - embedded antenna

  • 2 types of smart card readers -> contact and proximity


Slovak electronic payment systems
Slovak electronic payment systems

TatraPay

VÚB ePlatby

SporoPay

CardPay

315

144

105

ČSOB

Platobné tlačidlo

OTPpay

PB platba online

UniPlatba

19

18

17

12












ad