Electronic

Business
SREE AKSAIYA
MARY ALICE
BAVADHARANI
BINDU
LIKITHA
SARITHA

B.COM DSEC
3RD SEM
 1. Smart Card
2. Digital Cheque
3. Credit Card

Contents 4.Debit Card

Smart Card
Definition A smart card is a plastic card that
contains a microprocessor and a
memory chip or just a memory chip.
The microprocessor card has the
ability to add, delete and
manipulate information on the card.
A memory-chip card, such as a
phone card, can only add
information.
 1. Smart cards can be purchased
2. Recharged trough merchants or
automated machines
3. One reading machine is associated

Features
with a single FBTT account
4. Immediate account updates through
GPRS
5. Terminals to transfer data from the
machines
ADVANTAGE
1.Larger memory.
2.High levels of security
3.Reduced fraud
4.Organized information
5.Reliability

DISADVANTAGES
1.A more powerful virus.
2.Discomfort to retrieve information from
a stolen card.
3.For its size can be easily misled.
4.The card must be recharged.
5.Increased cost of production
Digital cheque
Definition E-cheques are cheques that are
written and processed electronically.
This means that the funds are
transferred from the payer’s account
to the payee’s account through an
electronic network instead of a
physical cheque. These cheques are
also known as “digital cheques” or
“electronic cheques”.
 1. Faster
2. Easier to track
3. Reduce paper work

Features 4. More secure

5. Save time and money
ADVANTAGES

1.Convenience
2.Faster payment
3.Easy tracking
4. Security

DISADVANTAGES

The problems come when your

merchant does not accept E- cheques.

The other problem could be when you

have more than one signer or
endorser.
Credit Card
Definition
A credit card is a financial tool
that allows users to borrow funds up
to a certain limit to make purchases,
with the understanding that the
borrowed amount will be paid back
later, often on a monthly basis.
 1. Credit limit
2. Interest rate
3. Reward programs

Features 4. Fees
5. Security features
6. Grace period
 ADVANTAGES
1 .Convenience
2.Emergency funds
3.Reward and perks
4.Security features

DISADVANTAGES

1.High interest rate

2.Debt accumulation
3.Credit score impact
4.Impulse spending
Debit Card
 A debit card is a payment card that
allows the holder to make purchases

Definition or withdraw funds directly from their

bank account. When a debit card is
used, the funds are immediately
deducted from the linked bank
account, as opposed to a credit card
where the purchases are paid for
later. Debit cards are typically
issued by banks or financial
institutions and can be used for
various types of transactions, such
as in-store purchases, online
shopping, ATM withdrawals, and
cashback.
 1. Access to fund
2. Payment convenience
3. ATM access

Features 4. PIN security

5. Online shopping
6. International usage
ADVANTAGE
1.Convenience
2.Easy access
3.Budgeting and control
4.Security
5.Record keeping

DISADVANTAGES

1.Limited fraud
2.protection
3.No credit building
4.Overdraft fees
5.Limited consumer
Thank
you