a precise ppt on modes of e-payments

1. By RUMAISA
WASEEM
MFC –IST SEM
15-MFC-17
MODES OF

2. MODES OF E-PAYMENT
 An e-commerce payment system facilitates
the acceptance of electronic
payment for online transactions,where
electronic payment refers to paperless
monetary transactions.
Some of the modes of electronic payments are
:-
 Credit Card
 Debit Card
 Smart Card
 E-Money
 E-Wallet

3. CREDIT CARD
A card issued by a financial
company giving the holder an
option to borrow funds, usually
at point of sale.

4. PARTIES INVOLVED IN CREDIT
CARD SYSTEM
 The card holder - Customer
 The merchant - seller of product
who can accept credit card
payments.
 The card issuer bank - card
holder's bank
 The acquirer bank - the
merchant's bank
 The card brand - for example ,

5. STEPS INVOLVED IN CREDIT CARD
PROCESS

6. DEBIT CARD
 Debit card, like credit card is a
small plastic card with a unique
number mapped with the bank
account number.
 Debit cards free customer to
carry cash, cheques and even
merchants accepts debit card
more readily.

8. SMART CARD
A smart card is a plastic card
with an embedded microchip
 loaded with data, used for
telephone calling,
 electronic cash payments,
 and other applications,
 and then periodically refreshed
for additional use.

11. ADVANTAGES:- DISADVANTAGES:-
 fraud protection
 World wide
acceptance
 Time saving
 Less costly
 Restrictions
 Risk of hacking
 Lack of anonymity
 Necessity of
 internet