BBA PROGRAMMEBBA PROGRAMME

RUCHI DALALRUCHI DALAL

TYPES OF MORDEM E-TYPES OF MORDEM E-PAYMENT SYSTEMPAYMENT SYSTEM

Electronic cheques/Internet Electronic cheques/Internet cheques (i-cheques)cheques (i-cheques)

Smart CardSmart CardMicro Payments (Electronic Micro Payments (Electronic

wallet or microtransactions)wallet or microtransactions)

Electronic cheques/Internet cheques Electronic cheques/Internet cheques (i-cheques)(i-cheques)

Electronic cheques also known as i-Electronic cheques also known as i-cheques are used to make electronic cheques are used to make electronic payment between two parties through payment between two parties through an intermediary and not very much an intermediary and not very much different from the current cheque different from the current cheque processing system. Here the electronic processing system. Here the electronic cheque are generated and exchanged cheque are generated and exchanged online. The intermediary will debit the online. The intermediary will debit the customer account and credit the customer account and credit the merchant account.merchant account.

SMARTSMART CARDCARD

A smart card is a plastic card about A smart card is a plastic card about the size of a credit card, with an the size of a credit card, with an embedded microchip that can be embedded microchip that can be loaded with data, used for telephone loaded with data, used for telephone calling, electronic cash payment, & calling, electronic cash payment, & other application, & then periodically other application, & then periodically refreshed for additional use. refreshed for additional use. Currently or soon, you may be able Currently or soon, you may be able to use a smart card to:to use a smart card to:

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Dial a connection on a mobile, Dial a connection on a mobile, telephone and be changed on a per-call telephone and be changed on a per-call basis.basis.

Establish your identity when logging on Establish your identity when logging on to an Internet access provider on to a to an Internet access provider on to a online bank.online bank.

Give hospital or doctors personal data Give hospital or doctors personal data without filling out a form.without filling out a form.

Make small purchases at electronic Make small purchases at electronic stores on the web (a kind of cyber cash)stores on the web (a kind of cyber cash)

HOW SMART CARD WORKSHOW SMART CARD WORKS

A smart card contain more information A smart card contain more information than a magnetic stripe card and it can be than a magnetic stripe card and it can be programmed for different applications. programmed for different applications. Some cards can contain programming and Some cards can contain programming and data to support multiple application and data to support multiple application and some can be updated to add new some can be updated to add new applications after they are issued. Smart applications after they are issued. Smart cards can be designed to be inserted into cards can be designed to be inserted into a slot and read by a special reader or to be a slot and read by a special reader or to be read at a distance, such as at a toll booth.read at a distance, such as at a toll booth.

TYPES OF SMART CARDTYPES OF SMART CARD

Contact smart card Contact smart card

They are inserted into a reader or They are inserted into a reader or validator for the data to be read. validator for the data to be read. When the card is inserted into the When the card is inserted into the reader, it transfers data to and from reader, it transfers data to and from chipchip

via electrical connectors.via electrical connectors.

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Contact less smart cardContact less smart card

They are passed near an antenna They are passed near an antenna to connect via a radio signal. They to connect via a radio signal. They have both a microchip & an antenna have both a microchip & an antenna embedded. This allows the smart embedded. This allows the smart card to communicate without card to communicate without physical contact.physical contact.

Micro Payments (Electronic wallet or Micro Payments (Electronic wallet or microtransactions)microtransactions)

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A micro payment is a small fee paid when a A micro payment is a small fee paid when a visitor is sent from another website to your visitor is sent from another website to your site. The payment is usually tracked by a site. The payment is usually tracked by a third party and when a specific amount has third party and when a specific amount has been accumulated, say rupees thousand, been accumulated, say rupees thousand, the fee is paid to the website that sent the the fee is paid to the website that sent the traffic. This payment mechanism helps a traffic. This payment mechanism helps a way for you to encourage other companies way for you to encourage other companies to add to your links into websites. If any of to add to your links into websites. If any of the customers of other websites enter their the customers of other websites enter their site and click the link, the click through to site and click the link, the click through to your website will be recorded. your website will be recorded.

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In view of services provided, when in In view of services provided, when in of visitors click through to your of visitors click through to your websites have been accumulated, a websites have been accumulated, a payment will be made to company payment will be made to company that sent the traffic.that sent the traffic.

It is cash payments which is made as It is cash payments which is made as a result of using a service on Internet. a result of using a service on Internet. These are also made between two or These are also made between two or more Internet companies to help more Internet companies to help generate traffic through links.generate traffic through links.

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A micropayment work based on A micropayment work based on registration made within an organisation registration made within an organisation that verifies and reports on traffic levels that verifies and reports on traffic levels between sites.between sites.

Next a very small payment per link is Next a very small payment per link is calculated and when the total owing calculated and when the total owing reaches a specified threshold, the reaches a specified threshold, the payment is released from the customer payment is released from the customer actual or virtual bank account to vendors actual or virtual bank account to vendors account.account.