Research paper electronic payment systems

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. Electronic payments are an necessary part of e-commerce and are one of its most critical aspects (Dennis Abrazhevich, 2004). EPS increase efficiency, improve security, enhance customer convenience and ease of use. It is like an e-business in the banking industry 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. It can be defined as a payment service that utilizes the information and communication technologies including integrated circuit (IC) card, cryptography, and telecommunication networks' (Raja et. In the real world we have two different types of payment systems A. To make a mobile payment, the customer uses a specific mobile wallet, for example. To deal with Electronic payment because of security and privacy concern [8]. 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. It is based on this t hat this research paper looks at the av ailable past literature on e-payment adoption across the world, with a view to highlight the scope, methodology and. Central bank digital currency, or CBDC, and is the first step in a discussion of whether and how a CBDC could improve the safe and efficient domestic payments system. Over the years electronic commerce has evolved into a popular and acknowledged way of conducting business The security of e-payment transactions depends on a number of factors, such as systems factors, i. Electronic transfer: small but growing. This research used a descriptive survey design. 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 research paper electronic payment systems E-Banking E-Banking refers to electronic banking. Over the years electronic commerce has evolved into a popular and acknowledged way of conducting business electronic payment. His current research interests include telecommunications policies and e-commerce strategies. This study intends to review the available literature for e-payment systems on e-commerce with a view to highlighting. Electronic Transaction-Based payment system 1. Literature indicates that factors such research paper electronic payment systems as Perceived Usefulness, Perceived Ease of. Objective of this research paper is to study the positive impact that Digitization of payment system. , 2007, Lim, 2008), and legal factors, i. Over the years electronic commerce has evolved into a popular and acknowledged way of conducting business.. 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]. No hard cash is involved in the digital payments. We find that India is no exception. 107002, posted 06 Apr 2021 01:45 UTC. Towards this end, most electronic payment systems used for e-commerce are based on the idea of Trusted Third. research paper electronic payment systems This shows that all the determinants of electronic payment were considered relevant by respondents in accessing electronic payment system.

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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]. Paul’s College Kalamassery 1 March 2021 Online at https://mpra. Over the years electronic commerce has evolved into a popular and acknowledged way of conducting business There are four models of Internet-Based payment system: 1. Harry Surden - Artificial Intelligence and Law Overview Electronic Payment System 2 This paper examines the pros and cons of a potential U. Conducting an empirical study to evaluate the model on EPS customers in Iran. 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. Hsiao-Cheng Yu is an associate professor in the Institute of Management of Technology, Chiao-Tung University, Taiwan. Digital Payment Methods in times of Covid Pandemic K M, SIBY Assistant Professor, Department of Economics, St. Technical and economical motivate great effort in electronic payment systems Electronic Cash can be used for making and receiving payments between consumer and merchant or for any money transaction. It is like an e-business in the banking industry 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 and Clearing System from Indian customers’ perspective. This paper discusses the evolution and the growth of electronic technologies, which can provide more advanced technical supports for electronic payment systems. Other role of electronic payment by equity bank ltd is to meet expenditures which accounted for 21. Trust is also another important factor that has to be considered. 3 Advantages and limitations of payment models 39. The problem of internet payment systems (IPS) is discussed and the results of a research project which attempts to identify and classify effectiveness criteria for IPS are reported, using a Delphi survey of experts in IPS usage and classified types of IPS providers. The e-payment systems allow clients to make their payments from anytime and anywhere [44]. Techniques of electronic payment system: …. 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]. Primary data was collected from 183 respondents in Hyderabad. – Subharti University) (Main Author) Ms. Results of the First Market Functioning Survey concerning Climate Change - Progress in the Improvement of Market Functioning and Challenges for the Future -. This survey is done as part of the Moby Dick project. Abstract In this paper an overview of electronic payment methods and systems is given. , secure payment in accordance with specific and well-defined rules (Hwang et al. 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 research paper electronic payment systems billion has been transacted through mobile banking when compared to 60 billion in 2012-13. The Effect of Electronic Payment on Customer Satisfaction By: Dr. Degree in electronic engineering from Chung-Yuan University, Taiwan, in 1972, and a Ph. Proposing a model of combined security and trust for EPS adoption. Dollar in the Age of Digital Transformation (PDF) invites comment from the public Electronic Commerce Research and Applications 7: 165-181. 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. It is an instant and convenient way to make payments. Each of these systems has its advantages and disadvantages Electronic payment system (e-payment) is an important aspect of e-commerce. This payment manner generally entails the array of a network of computers, the internet and. The present paper focuses on the analysis of the adoption level of these digital payment systems by customers. Everything is quite clear with this type of electronic payment system. To study the purpose of using online payment systems and overall rating of Online payment Systems from the respondents Methodology The present study is descriptive in nature and it attempts to know the attitude, perception of the customers in regard to the online payment systems. Cyber Cash 2 Electronic Cash can be used for making and receiving payments between consumer and merchant or for any money transaction. Soman D (2001) Effects of payment mechanism on spending behavior: the role of rehearsal and immediacy of. Card Services (ATM, credit, debit, prepaid). 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.

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It was observed that most of the people have not a common knowledge about Internet- its. 1 Electronic payment systems and their place in electronic commerce In the early 1990s the business and consumer world encountered a new way of con- ducting trade business, which was named electronic commerce (e-commerce). 3 Further classification of account-based systems 25 2. Wamuyu PK (2014) The role of contextual factors in the uptake and continuance of Mobile money usage in Kenya. , that are periodic or repetitive in nature and payable to the user institution by large number of customers etc. The focus of this paper is to identify and explain the different methods of e-payment the authors analyses the challenges of electronic payments from different perspective and provide preliminary security countermeasures for each of. Accordingly, an electronic payment system is any means used to make payment using an electronic network such as internet Electronic Payment based on Trusted Third Party Since there is no faceto-face interaction in most research paper electronic payment systems e- - commerce transactions, the payment system must be strongly secured. It is very convenientthe greatest e-payments benefit [35] to handle their transactions (e. The various factors that have lead the financial institutions to make use of. 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. In an e-commerce environment, payment takes the form of money exchange in an electronic form so called “electronic payments”. Aditi Yadav ( Student- Subharti University) (Co-Author) Abstract Retail electronic payment system has progressed in the recent years in various countries. Market Operations research paper electronic payment systems under the Three-tier System -- Explanation Using the Reserve Demand Curve Model --. 104 Understanding m-commerce payment systems through the analytic hierarchy process. Pew Research Center's Internet & American Life Project. All the transactions in digital payments are completed online. It is also called electronic payment. The Electronic Journal of Information Systems in Developing Countries. , 2006), transaction factors, i. The contributions of this paper are highlighted below: Identifying the effective factors of EPS customers’ perceived trust. This paper gives an overview of electronic cash system, components involved in electronic cash system, electronic cash implementation and benefits of using electronic cash system. , technical infrastructure and implementation (Laudon and Traver, 2001, Linck et al. If we talk about cash payments, you have to research paper electronic payment systems first withdraw cash from your account.. The findings were based on data obtained from 20. The two important reasons are security aspects and commerce over communication 1. 2 Primary classification of payment systems 24 2. Internet –Based payment system There are four models of Internet-Based payment system: 1. Secure Electronic Transaction 2. A method that assists in the transference of money electronically defines the online payment system.