ELECTRONIC PAYMENT

SYSTEM

By:
M.Rahul
ECM D1
20311A1941
Under the guidance of
Dr. A Venkat Ramana
Associate professor
CONTENTS

Introduction of electronic payment system

Modes of electronic payment system
 Credit cards
 Debit cards
 ATM
 E-banking
 Digital banking
 Electronic check
Benefits of electronic payment system
conclusion
ELECTRONIC PAYMENT SYSTEM

EPSs enable a customer to pay for the

goods and services online by using
intergrated hardware and soft ware systems
An electronic payment is defined as a
payment services that utilize ICT,including
cryptography telecommunications network
EPS increases efficiency,improve
security,enhance customer convinience and
each of use
TYPES OF ELECTRONIC PAYMENTS

 Payment cards
 Electronic funds transfer(EFT)
 Electronic cash systems
 Electronic wallets
 Electronic checks(E-check)
 Micro payment system
PAYMENT CARDS
Now a days most of the consumers use credit cards to
pay for online purchases
Card transaction volume grew at an annual growth
rate of 10.8% in 2010 compared to 8.4% growth in
2009.
More than 85% of world wide consumer internet
purchases are paid for with credit cards
Credit cards
Debit cards
Web cards
Charge cards
ELECTRONIC FUND TRANSFER

EFT is used for transfering money from

one bank account directly to another
without any paper,money and changing
hands
It can be Direct debit cards payments or
electronic bill payment in online banking
ELECTRONIC CHECK

Ann E-check is an electronic version of

paper check

Fast check processing and very low

transaction cost

Digital signatures can be seen

ELECTRONIC CASH SYSTEMS

System ususlly is developed based on an

electronic payment protocol which supports
payment transactions
Basic attributes :Acceptability,guarenteed
payment,no transaction charges and anonymity
Pay pal is still growing rapidly with 78 million
active accounts worldwide
Pay pal
My check free
bitcoin
ELECTRONIC WALLETS

Allows customer to store

name,address,credit card information on
the site
Allow high speed efficiency and high
security for shoppers
Microsoft NET passport
Yahoo!wallet
ADVANTAGES AND DIS ADVANTAGES OF E
Cash

ADVANTAGES
More efficient,eventually meaning lower prices
Lower transaction costs
Anybody can use it,unlike credit cards,and
does not require special authorisation
DIS ADVANTAGES
Tax trail non existent like regular cash
Money laundering
Susceptable to forgery
CONCLUSION

The rise of E-cash is inevitable ,but

further improvements are needed.
Tackling security,anonymity,low income
group readliness and technology realibility
issues will make E-cash more perfect
In countries such as india where people
were hesitate to use such methods has
shown a tremendrous use of online
payments and E-cash payment syatem
THANK YOU