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Problem:

On-line payment providers have started playing a big role in today’s payment system, particularly, when Internet offers new business opportunities, making E-payment very convenient. Hence, accepting electronic payments have become very essential to modern businesses.

Required:

problem1. Mention and illustrate the role of the dissimilar parties involved in any e-payment method.

problem2. Mention five factors (characteristics) that determine the acceptance of an e-payment method.

problem3. Illustrate out the term micropayments. Why are they appropriate for e-cash payment as compared to credit card payment?

problem4. (i) Illustrate out the term e-check.

(ii) Using the Authorize.net portal as an instance, illustrate the steps in processing of e-checks over the Internet.

(iii) Provide two benefits of e-checks.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M97992

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