What Electronic Payment system is?
Electronic payment system is a system which helps the customer or user to make online payment for their shopping. To transfer money over the Internet. Methods of traditional payment. oCheck or cash. Methods of electronic payment. oElectronic cash, software wallets, smart cards, and credit/debit cards.

Some Examples of EPS:Online reservation Online bill payment Online order placing (nirulas)

Online ticket booking ( Movie)

Two storage methods
 On-line  Individual does not have possession personally of electronic cash  Trusted third party, e.g. online bank, holds customers’ cash accounts  Off-line  Customer holds cash on smart card or software wallet  Fraud and double spending require tamper-proof encryption


business meets econsumers. hospitality and management\marketing of strategic planning industry. where the e.  The “e” stands for the electronic and represents the emarketplace. e-partners and other ebusiness on e-platforms.E . . such as communication and information industry. e-governing.TOURISM  Electronic tourism or e-tourism is part of electronic trade. which encompasses the fastest developing technologies.

The phenomenon itself involves both the consumer and the provider of tourism .TOURISM  The specific activities of e-tourism must rely on tourism operators.E . tourism agencies and other organisms directly interested in virtual tourism using a specialized website.

of the International Institute IPK. . over 30 million Europeans have used the Internet to set their future holiday destinations.TOURISM IN THE DOT COM ERA  According to elaborate European studies. By the end of 2008 the world income of e-tourism has been up to 40 billion EURO. and about 8 million have booked their tickets online. in 2007.

“if credit card acceptance was more widespread [in Ethiopia] and each visitor spent an additional US$100. . Euro. it would mean an extra US$22 million a year income for the country. the whole amount coming from personal or business travels booked by tourists all over the world using the Internet raises up to 13 bill.TOURISM IN THE DOT COM ERA  According to the general manager of Ethiopian Quadrants PLC. Euro in 2004 and in 2007 it was 75 bill.  According to the American research.

” . except the television has had such great impact on travellers as the Internet.TOURISM IN THE DOT COM ERA “The conclusion is that no other technology.

tourism agencies and the consumers of services in the virtual environment of the World Wide Web.  It joins the providers of tourism service (hotels and pensions. holiday resorts).THE TOURISM PORTAL  A tourism portal can be seen as an infrastructure of a business community which offers a transparent environment to promote tourism business. .  All the participants are transparent by using the tools of the Internet.

but they will be provided with all the necessary information by e-mail and may pay on-line by using their credit card.THE TOURISM PORTAL Tourism portals offer the most diverse services: Tourists can-t only book their stay online. .

THE IMPLICATIONS OF E-TOURISM FOR VISITORS E-tourism involves the following aspects for the final consumers E-information  E-booking  E-payment .

E-INFORMATION  This means the tourists are provided with information from specialized touristic sites. photo albums . by e-brochures. and why not The guides of virtual cities. such as Virtual Tourist. . reading blogs or by accessing virtual communities. video clips. audio touristic guides. even travel journals. real or virtual images.





must submit to the legal requirements which are mentioned in the settlement of laws referring to the Internet services the e-trade and distance individual contract signing.E-BOOKING  This means is mostly used by the hotel. . air travel and rent-a -car sector-booking. as informational services.


checks.E-PAYMENT  The consumers can use credit cards. Even the digital cash are available. . digital cash or micro cash. e-checks. Many of the electronic payments are the equivalent of everyday operations and payments. such as credit cards. when they only have to pay few cents.

TYPES OF EPS  Prepaid payment systems  Postpaid payment systems .

The value stored on such instruments represents the value paid for by the holder. or by credit card.  E-Cash  E-Wallet  Smart Cards .PREPAID PAYMENT INSTRUMENTS  Prepaid payment instruments are those which facilitate purchase of goods and services against the value stored on such instruments. by debit to a bank account. by cash.

Like the serial numbers on real currency notes. It is anonymous and reusable. . the E-cash numbers are unique. This is issued by a bank and represents a specified sum of real money.E-Cash A system that allows a person to pay for goods or services by transmitting a number from one computer to another.

Parties complete transaction Consumer . Bank verifies that e-cash is valid 1 2 6.E-Cash Processing Merchant 1. Consumer sends e-cash to merchant 4. Consumer buys e-cash from Bank 5 4 Bank 3 2. Merchant checks with Bank that e-cash is valid (check for forgery or fraud) 5. Bank sends e-cash bits to consumer (after charging that amount plus fee) 3.

simple.E-Wallet The E-wallet is another payment scheme that operates like a carrier of e-cash and other information. . Trust is the basis of the e-wallet as a form of electronic payment. and secure way of carrying currency electronically. The aim is to give shoppers a single.

Example for transaction: .

. When you are ready to buy. Download a wallet from the merchant’s website. 3. Decide on an online site where you would like to shop. and where merchandise should be shipped. name.Procedure for using an e-wallet 1. click on the wallet button. 4. the buying process is fully executed. Fill out personal information such as your credit card number. 2. address and phone number.

is any pocket-sized card with embedded integrated circuits which can process data This implies that it can receive input which is processed and delivered as an output .Smart Cards A smart card.

Smart card Processing .

Check .  Credit cards  E.POSTPAID PAYMENT SYSTEMS  Postpaid payment systems allow the users to buy a product or service and pay afterwards.

.Credit cards  It is a Plastic Card having a Magnetic Number and code on it.  It has Some fixed amount to spend.  Customer has to repay the spend amount after sometime.

Processing a Credit cards payment .

Risk in using Credit cards  Operational Risk  Credit Risk  Legal Risk .

and e-commerce organizations.ELECTRONIC CHECKS (E-CHECK)  E-check is the result of cooperation among several banks. technology companies. . An e-check uses the same legal and business protocols associated with traditional paper checks. government entities.

ELECTRONIC CHECKS (E-CHECK)  The key advantages of e-checks are as follows: • Secure and quick settlement of financial obligations • Fast check processing • Very low transaction cost .


ELECTRONIC GIFTS They are one way of sending electronic currency or gift certificates from one individual to another. The receiver can spend these gifts in their favourite online stores provided they accept this type of currency. .

The process is similar to e-wallet technology where the customer transfers some money into the wallet on his or her desktop and then pays for digital products by using this wallet. .MICRO-PAYMENT  Micro-payments are used for small payments on the Web.

EFT is used for transferring money from one bank account directly to another without any paper money changing hands .ELECTRONIC FUND TRANSFER  Electronic funds transfer is one of the oldest electronic payment systems. stamps are eliminated. envelopes. checks. EFT is the groundwork of the cashless and check-less culture where and paper bills.

ELECTRONIC FUND TRANSFER  EFT is considered to be a safe. and convenient way to conduct business.  The advantages of EFT contain the following: • Simplified accounting • Improved efficiency • Reduced administrative costs • Improved security . reliable.

to ensure that information passes securely between the customer and the merchant and also between merchant and payment processor. .What Is payment Gateways?? A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses. etc. such as credit card numbers. Payment gateway protects credit cards details encrypting sensitive information. online Shopping.

How It works?? .


 Made human life convenient as a person can pay his payments online while he is taking rest.CONCLUSION  Expand Market beyond Traditional geographic market  Override traditional marketing system into digital marketing system. .

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