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Electronic Payment Systems

Electronic Payment Systems

Ratings: (0)|Views: 125|Likes:
Published by Utkarsh Sethi

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Categories:Types, Business/Law
Published by: Utkarsh Sethi on Dec 12, 2010
Copyright:Attribution Non-commercial

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06/28/2015

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Introduction
 
O
utline
j
The µNet Effect¶ on Payment/E-Payment
j
Impact on Developed Countries
j
Starting point for Developing Nations
j
 New
O
 pportunities
 
Conventional PaymentMechanisms in United States
j
Approx 80% of payments in Cash
j
International Trade involves Wire Transfers,Letters of Credit etc. Non-CashPaymentInstrumentTrans.VolumeTrans.ValueAverageValueCheck71%10%$1,179C/D Card25%0.1%$59C/D Transfer  by ACH2.5%2%$2,000Wire Transfer0.1%86%$4.3m
1999 ±Source BIS

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