SAMESTER fall 2021

(IT430)
Assignment No.3
Question No: 1

Solution
The essential specification of protection Payment systems are depending upon the Following:

 Availability and reliability

 Out-band authorization

 Integrity and authorization

 Password authorization

 Signature authorization

1. Availability and reliability

In an electronic payment system, each type of component requires the ability to pay or
receive whenever needed. Payment transactions must be nuclear. It may or may not happen
completely, but they never get caught up in an unknown or contradictory situation.

2. Integrity and authorization

If we look at the payment system with authenticity then integrity and permission cannot be
taken from any user without clear permission from the user. It also does not allow the
collection of payments without explicit consent to prevent incidents such as bribery.

2.Signature authorization
This type of transaction is the digital signature of the verifying party. Digital signatures reject
the original: Only the owner of the secret signature key can sign the messages, while anyone
who knows the public authentication key can verify the authenticity of that signature.

There are many types of e-transfer in Pakistan

Debit Card
Debit cards enable users to access the account for a selection of transactions. Online Debit
Card Transactions Ltd. The user actually pays instantly. Merchants accept debit cards more
easily than checks, especially in other countries. Merchant encourages customers to use debit
card for payment, no fee is charged

Services:
This lets in us to pay our bills, save on line, buy items from on-line web sites, and withdraw
coins via atms and so on.
Jazz Cash:
Jazz Cash is a service of Jazz, a leading telecommunications company in Pakistan, which
gives global managers the option to transfer mobile money to FPL. The company's job is
deyYp9y2iqpf9 \ branchless banking and online payment. Gateway

Easy Paisa:
Easy Paisa provides customers with a wide range of financial services, including online
payment gateways, business and payroll, cash management, and supply chain payments. As
Paisa has made tremendous progress in the Pakistani e-commerce market and offers its
companies.

Services
Through it, we can "make online transactions, money transfers, deposits / withdrawals, bill
payments, mobile loads, tuition fees, internet bills, life payments and government invoices,
etc."