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Electronic Payment Systems - PowerPoint PPT Presentation


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Electronic Payment Systems. Transaction reconciliationCash or check. Electronic Payment Systems. Intermediated reconciliation (credit or debit card, 3rd party money order). Electronic Payment Systems. Transactions in the U.S. economy. Electronic Payment Systems. Online transaction systemsLack of physical tokensStandard clearing methods won\'t workTransaction reconciliation must be intermediatedInformational tokensEcommerce enablersFirst Virtual Holdings, Inc. modelOnline payment systems (20

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