Electronic payment systems
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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

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Electronic payment systems

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Electronic payment systems

Electronic payment systems


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 cards

Payment cards


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


Paypal com

PayPal.com


Moneybookers com

Moneybookers.com


Paypay com

PayPay.com


Nochex com

Nochex.com


2checkout com

2CHECKOUT.com


Ccbill com

CCBill.com


Epoch com

EPOCH.com


Checkout google com

checkout.google.com


Stormpay com

StormPay.com


Thank you for attention

Thank you for attention!


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