E-payment
- 2. e-payment is an account provides another way to send and receive money online.
- 3. Disclaimer : Restrictions E-payment companies are not protected by the Financial Services Compensation Scheme. This means you might not get compensation if your e-payment company goes out of business.
- 4. Disclaimer : Risk of being hacked If you follow the security rules the threat is minimum, but if the system of the company has been broken it will be an opening for a threat to personal data itself.
- 5. Disclaimer : The lack of anonymity All the informations about the transactions will be restore to database of the payment system, it means the intelligence agency has an access to your informations. You should decide wether its bad or good.
- 6. Disclaimer : The necessity of internet access If internet connection fails, you cannot get to your online account.
- 7. Beneficials: • Time Savings • Expenses Control • Low Commission • Userfriendly • Effective & Efficient Using an e-payment company means you don’t have to give out your credit or debit card details when you shop online. This reduces the risk of fraud.
- 8. • Choosing which e-payment company to use. • Set up an account. Register your details and follow the instructions. • Connect a bank card. Enter your credit or debit card details. Once you’re registered, you’ll be able to pay for purchases using your new account det
- 9. E-PAYMENT TYPES: • Payment Card : the payment can be done using credit or debit card • E-Wallet : keeps your money on account which you can use to buy things online • Smart Card : Account that allowed seller to knowthe customer data for E-Payment Proccess • E-Cash : money in a digital version that can be use to buy things online • E-Check : Check-In in a digital version
- 10. E-PAYMENT EXAMPLES : • M-Banking • Paypal • Google Wallet • Amazon Payments • Dwolla • Stripe • WePay • T-Cash • E-Money • Flazz Card
- 11. Sincerely , LC 11 – groups 4 , 5 , 6