alAssMAte

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-Lommetce 2019 do334

ArSH JADHHAV
BBA TY-E:60om
he enune onaume ecpects quality,tonvenence,
Value lo price and centtea
lo meet these expectatiens the busineAS pYOeAS
mode em enguner peikective qouped geven
attvities into 3phabes

Sexen atvtiel ae

1:Product eHvice eanth_ rtpltha

2- Product electe dctemnation
3: Neaohiaiens o HermA

Pla Cornent c orde S Pudthast

5Autherizatien d Poment Lonsumpti)
6 Re cipt Gpayment

Cubtome eAvite 4suepart 3PbSt_puthat intathiem

Ptthane lonsumpHeN
Attut idenieyma he produet to be _put chased by the
bye and thedei mut intiatt în ome 0au
e-mailen-une) t0 CaHYy ut the MeH Lantile transac end
he meHLanile tranAalhien it de-fined as ne xhange
o infar mot em between ne buye ard tellet 1Lond by
necesSaty paymet dependi na upem he payment mode
mutually aqred em, hey may inHaut by enthanang
uTrenty ie acked by the hivd pay dh h
Cenhia bank, mab+ (0HdI Vi3a cand etc
 Flectrouc paumcts allo you to tvanspU Casn om
uou OAN bank atount to the bank auaunt a
the euplent aumost intataneousy. This
parernt
Sustem
SuSHem relies heaviy on the jnto1nct and iS qute
popula due to the onveuende it affordA he wNe1
popuay
ould be hatd to oersate the
advasrtaaes
elautheni payment systems, but what about the
c
rIKk
Lontainu hey exist both sa finan cialinstituticna and
wtomet
The iak Qfraud
tlehronuc paumet &uStems aHe not jmmune to
D aud- lhe dsstem uses a he MSK.
pmto col to
patHulails Vunerable
estabush the identtty d the peSon
authoviaing 0 paumet fassOrds and itcuMtY
aHenttoofppo in_deteiminina the identts d a QuedtH&ns
persen.
The sk Tax Ivatien
The lauy Teqwreb thaf busines ES dedlate her finanual
ransa tiond and prtviqe pape reods o1 them so
tqx tompliance CoLn be Veufied Tne pyoblem 9th
thatF
elechvonic &ustenms i8 fhat #hay dont t voy cleany
into this paadigm and &o they can make the
YOCeAS d
tax olle tten yey aIna or he Intutnal Rtvenue
Hce:
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The RiK o Pcyment lonftict

One o the idio[ynwa&ies of ele chonjc payment &ysttma
1S h a the pay ment& atent han dled by humans but by
1s
Gn automated ele chonic &y6tem Ihe syktenm prone to
eHYOVS4 Pa1tulaHy 9 nen t has to hande lawaC amoi
O Payments afrequent badiS OI h mans
YCupiens ihvolved
Tme Risk o Imuwdive Buy
mpulse bym is already a Ti&k that you face Ohen
tIS magnificd,
you wse nonelectronc pay ment SyStems
holeveA , lhen uou're able to buy nas 6n ne at the
Cick mouse: IMpulse buying habitua
Can btco me
oo
and makeb &tickang to a budget almost imposTble:
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Tvaditiema Paument E-Fau mert

UNe aditienal Medium use adwance tcchnologyto
to w m mau aute Comm uni cade

Yacitienal payment 1S t-payment intvoduces

Yecuied rouan phykica digital rtul atien to
Yulatien &uth as Casn veal' re in-fomaten tvankmi&iGn
iytulatio bill tYanfex o all meand ol e-pument
Qnd bank exdhange ae dig falized.

3:CeshYaduitienal mediwma Requirement netsenk and

o ommunicate betweon otne Ydated kothaHe to
patties

Needs human intenention_ Udes advance tedhioleery

o ette thesepoceases to hadle althe
branba cion proCagsthad
Yequre money
engaaement (ud as
money yanfei
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CoHds and
Amak CaHd & aHe Cye di t and debtt
othey catd produds_en nanced orth mioto pocOAsOr
thanthe
Capable thholding move informatfen
ot IS ument
addiend magnetít gtyipe The dhip,
State developnment (an Store ianitianty artakey
aumDnt o data, estimated to be o Hmes moe
than a maanettt sipe
m aHt Cand ae kasicalls o to-typey i reanenshu p
basedmatt Cads and ele chyoruC pUDes tecnt
DAeS lhich repla ce money, aHe also knom as debt
Landsand elethonic money
Rlatisn&hio baesd g&mant (andA: Areladienknip &ared
Kmant CaHd ikan enhan ceroet d existrg CaHd
Letices and addiien_ena dEHvíCLs¥hat a Hnancial
indtfitutien delives to its uktomerd Vía a dhip babed
LaHd oY_othen deice: lhee ne deAvices mau indude
access to multiple inanua auownts value -ad ded matkeHn
prDgramd ov otihe infarmaien catd holdet may wUT
to Stoe n heY Catd

lechDnut puHED and Debit cANds he elechoniu pue w

in the follo9ing mannet Ate the Pube 1s loade4
moneyat an Aln_OY though an expenaive
peualteephone,it tan be wedto pay fo Say, Lasdy
in a vending machine Stth a card readetThe vendi
Md
ma chune ned nly Ve11y that a atd is authenHC
Me1e i s enough meney awailable tov . In ene Setona
lante
he value o #he putchase i deducktd from the o
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t
enhthe
e (aid and
added to a n eash box in the venad rg
machin e The ytmainin balance on the taHd IS
displayed by the vendin4 ma thi ne o Can be dhected af
an AT eHh a baldnce vtadin dvice

lechenu putles Ooud vituallu eliminate fumblüng

knal bis in a buss ture OY Yash hou tol botn and
tng a Crcdit catd puichase to be approed
hen he balance on an electveniL puse is depleted
the pude can be rechaHged i t h gome money Afo
he vendoy, fhe yetaipts Lan he Collected_peviodiCalls_in
peNAGN_o moe likely by fdephone and transfGred 4os
a bunK alouTt_
 elAsSMAt
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Anb tTechron'c Cash (e-cash) is a new Concayin one-ine

6ne-line
Puyment systems b e c a u e it
tombines tomputreuz
tn Improve
uteized
improve sr
lonvenen ce nithn seelnay and priva ly
Papex ca8h, E-cash focuses on replaun Cabn as the
kCa
pYnua _payment vehuide n onsumeHOri
eleetyonic payment
abh remains the dominant tm h pauyment Hheertat
Lak t u t îm me ban'. &yItem
2n uent cleatyng and Setttement e nOn cab) ffanalieny

and
3 Negative yeal intMest yattk pauid on oank deptdi

-(ash must havre a monetary val ue,it mut be

batKed etheeaxh bank -authorized Creditra
banKCertifiedCasniers hesk

Cash must beintetop eable ie. xhangabl as paym

fothesi e(osh Pope cadh, goods gerives,_Una
Cedit depc*s m bonuiy acLounts, lbens Motes dY
obugatsus electvory enetts ManxeU,and uke

e-casn must le storasle and etyjeyolbhe emote &toat

and tqtkively Waud alo ube) toex unange e-l0
trom hame OY office o Ialhle tvovelling