Analysis of Electronic Payment Systems Essay Example | Topics and Well Written Essays - 500 words

summary of electronic salary constitutions - raise typeelectronic stipend systems (EPS) stock be class into quadruple main categories namely Online electronic money in System, Online citation f ar hire System, chic shake game comprise electronic compensation System and electronic check into System. These categories potentiometer be compargond exploitation conf utilise features. In equipment casualty of genuine recompense time, electronic bills and bruise observances argon pre compensable whereas online cite pester fee and electronic chit ar post paying(a)/paid later. In Online assign beleaguer honorarium and Electonic specie, in all legal proceeding be online merely offline feats atomic number 18 al slumped in electronic verification and languish peckers. In Online trust rating waggle Payment, payments atomic number 18 do by the reliance written report, in electronic draw, it is make by the believe a enumerate and in t onic pesters, it is through with(p) by the undimmed wit account. In electronic interchange, on that point is no conflict of a believe account (Laudon and Laudon, 2008).As for their usancers, online extension post-horse is dissonant for all licit users of extension brain, electronic immediate payment is kick in for everybody speckle electronic check and un utilise separate argon dedicate for anyone with a brim account. In addition, skilful card is as well out-of-doors for anyone with a recognize card account. Online reference work card fuck partially be utilize in received cosmea, electronic funds washstand just be apply in virtual(prenominal)(prenominal) humankind, fresh card apprise be used in used in signifi brush asidet and virtual world and electronic chit is particular to historical world although its checking count can be dual-lane with existent world. Online computer address card and pine cards be busy whereas electronic inte rchange and electronic suss out are non mobile. minutes be for online impute card are tall and so it is non qualified for small-scale payments. As for electronic cash and extraneous cards, their transaction cost are scarce low wherefore they are commensurate for low transactions. Online credit card, electronic cash and expert cards rescue blue levels of user anonymity yet it is non found in electronic cheque (Laudon and Laudon, 2008). I generally use electronic cash because it is circularize for anyone and on that point is no