Research paper electronic payment systems
This mechanism increases the security level of this payment system7 authentication issue faced by the traditional system with a PIN &
customer service management thesis a password is lack of security, but most of the higher end e-payment transaction, it has been addressed by making use of biometric technology (using finger print)[7]. Soman D (2001) Effects of payment mechanism on spending behavior: the role of rehearsal and immediacy of. Primary data was collected from 183 respondents in Hyderabad. A sample of 60 Urban and Rural people has been taken for the. Technical and economical motivate great effort in electronic payment systems In the real world we have two different types of payment research paper electronic payment systems systems A. (2020) focus on the evolution of Venmo's transactional network to study the changes research paper electronic payment systems in the behavior of its users. Electronic Transaction-Based payment system 1. This paper gives an overview of electronic cash system, components. Propelled by recent policy initiatives and technological developments, India’s digital payment system is a promising success story in the making. Everything is quite clear with this type of electronic payment system. To achieve this, both primary and secondary data were deployed. In the course of preparing this research paper, we had the privilege of visiting few remote places of south bengal to find out the perceptions of people about electronic payment system. ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature. On the business side, electronic payments are easier for you, too. Smart Card (2) Electronic Transaction-Based payment system 1. It is like an e-business in the banking industry authentication issue faced by the traditional system with a PIN & a password is lack of security, but most of the higher end e-payment transaction, it has been addressed by making use of biometric technology (using finger print)[7]. There are currently four major categories of electronic payment systems: (1) online credit card payment, (2) electronic cash, (3) electronic checks and (4) small payments [21]. Those payments go straight to your POS system, which simplifies your bookkeeping and omits a lot of manual entry. This payment manner generally entails the array of a network of computers, the internet and. , 2007, Lim, 2008), and legal factors, i. Other role of electronic payment by equity bank ltd is to meet expenditures which accounted for 21. Result indicates that the Digital revolution has made the cash less transaction an easy one. An electronic payment system is classified into the following categories; E- BankingDigital cash/Electronic cash Currency servers Credit Card Smart card Debit card Digital card Electronic Cheque Online Stored Value System Digital Credit Card E-Banking E-Banking refers to electronic banking. Here it illustrates that secure communi- cation tunnel is a secure payment system for electronic transaction ecs debit is useful for payment of telephone / electricity / water bills, cess / tax collections, loan installment repayments, periodic investments in mutual funds, insurance premium etc. While aggregate country-level data can indicate overall preferences of citizens, we use a novel online survey-based dataset to understand how factors such as ‘perception. As a result that in 2015-2016, a total of 4018 billion has been transacted through mobile banking when. His current research interests include telecommunications policies and e-commerce strategies. , a legal framework for electronic transactions (Peha.
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The present paper is focused on the issues and challenges in e payment and to examine the problems faced by consumers during e payments. Electronic Payment based on Trusted Third Party Since there is no faceto-face interaction in most e- - commerce transactions, the payment system must be strongly secured. Wamuyu PK (2014) The role of contextual factors in the uptake and continuance of Mobile money usage in Kenya. Each of these systems has its advantages and disadvantages E-Payment services provide a Web-based interface that enables users to remotely access, manage, and transact with their bank accounts. This paper will highlight the background study, types of electronic payment systems available and which payment method users should choose considering the cost, time and security factors. The contributions of this paper are highlighted below: Identifying the effective factors of EPS customers’ perceived trust. Techniques of electronic payment system: …. 529 Volume 9, Issue 7, July 2021 International Journal of Advance Research in Computer Science and Management Studies Research Article / Survey Paper / Case Study Available online at: www. This paper discusses the evolution and the growth of electronic technologies, which can provide more advanced technical supports for electronic payment systems. A method that assists in the transference of money electronically defines the online payment system. The security of e-payment transactions depends on a number of factors, such as systems factors, i. Comparing the findings with results of similar studies Agimo, (2004) defined an electronic payment system as that payment by direct credit, electronic transfer of credit card details, or some other electronic means as opposed to payment by check and cash. , that are periodic or repetitive in nature and payable to the user institution by large number of customers etc. Electronic money is one of the most important breakthroughs of technological progress, which is the last that was invented as an electronic payment method, as a result of the need because of the shortcomings of the means of payment earlier. Internet –Based payment system There are four models of Internet-Based payment system: 1. , 2006), transaction factors, i. It is based on this that this research paper looks at the available past literature on e-payment adoption across the world, with a view to highlight the scope, methodology and Information System. The present paper focuses on the analysis of the adoption level of these digital payment systems by customers. An electronic wallet, sometimes called a "digital wallet" or "e-wallet", is an electronic adaptation of a payment card that is approved for electronic exchanges [3] [4] [5]. Secure Electronic Transaction 2. The study investigates the determinants of electronic payment adoption and the role of electronic payment on consumers’ purchase decisions as well as its effects on consumers’ spending growth in Nigeria. Electronic payment research paper electronic payment systems systems can be grouped into three broad classes: traditional money transactions, digital currency and creditdebit payments As a result that in 2015-2016, a total of 4018 billion has been transacted through mobile banking when compared to 60 billion in 2012-13. Little empirical research has been undertaken on the direct relationship between consumers’ perceived security and perceived trust in EPS (Kim et al. ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, pension, etc. E-ISJN: A4372-3114 ISSN: 2321-7782 (Online) p-ISJN: A4372-3115 ISSN: 2347-1778 (Print) Impact Factor: 7. Results of the First Market Functioning Survey concerning Climate Change - Progress in the Improvement of Market Functioning and Challenges for the Future -. Authentication issue faced by the traditional system with a PIN & a password is lack of security, but most of the higher end e-payment transaction, it has been addressed by making use of biometric technology (using finger print)[7]. This shows that all the determinants of electronic payment were considered relevant by respondents in accessing electronic payment system. This survey is done as part of the Moby Dick project. The reach of mobile network, Internet and electricity is. Literature indicates that factors such as Perceived Usefulness, Perceived Ease of. POS system has the least effect on customer satisfaction. , technical infrastructure and implementation (Laudon and Traver, 2001, Linck et al. In this case, the customer uses any type of bank card to pay for the goods online or in-store with the help of the POS terminal. Electronic payments are research paper electronic payment systems an necessary part of e-commerce and are one of its most critical aspects (Dennis Abrazhevich, 2004). Abstract: In view of the promising growth of Electronic Payment and Clearing System in India, the purpose of this study is to discover the factors which influence adoption of Electronic Payment
dissertation on staff development and Clearing System from Indian customers’ perspective.
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The e-payment systems allow clients to make their payments
research paper electronic payment systems from anytime and anywhere [44]. E-payment, in general, refers to online payments made through. Electronic Cash is important concept in electronic payment systems through internet because it combines computerized convenience with security mechanisms. The two important reasons are security aspects and commerce over communication electronic payment. Hsiao-Cheng Yu is an associate professor in the Institute of Management of Technology, Chiao-Tung University, Taiwan. 2010 ), and the literature is more scarce on the Middle East. In an e-commerce environment, payment takes the form of money exchange in an electronic form so called “electronic payments”. Trust is also another important factor that has to be considered. Technical and economical motivate great effort in electronic payment systems. At the same time, the data also points towards an increasing usage of cash. , secure payment in accordance with specific and well-defined rules (Hwang et al. Abstract In this paper an overview of electronic payment methods and systems is given. That’s important as customers continue to demand higher levels of convenience. Electronic payments are quick and easy for the customer. Over the years electronic commerce has evolved into a popular and acknowledged way of conducting business There are
help me write a paper four models of Internet-Based payment system: 1. , or for bulk collection of amounts Vol-3 Issue-3 2017 IJARIIE -ISSN(O) 2395 4396. Were; to find the types of electronic payment systems used by the savings bank, to assess the role of electronic payment systems on operations of the savings bank and to find the merits and demerits of using electronic payment systems in savins banking.
