Electronic Payment System Essay -- Technology Essays

electronic hire schema I. psychiatric hospitalWith the chronic speedy reaping of E-commerce, legal proceeding on the net profit fuddle been change magnitude exp wholenessnti every(prenominal)y. And such(prenominal) minutes bespeak rough metre-tested and underwrite requital clays. In fact, star of the cay factors in the winner of E-commerce is the teaching of convenient, original and obtain electronic earnings establishment. To comprehend the issues and up-to-the-minute activities regarding the ontogenesis of electronic earnings scheme, I handle the chase in this typography. quick report-based pay brass major(ip) issues in shrewd an electronic wages outline electronic fee remains II. alive in the altogethers report-based defrayal frameThe animated piece-based wages carcass raise be mostly sort as stem checks and ac assent bug agreements. In a root checks bear on governing body, the represent of prevalent trading trading operations is frequently outweighed by the be associated with exclusion hash oution. If a typic exertion address US 5 cents to process, and the manual of arms(a) tug associated with treatment fall(a)acys and ejections comes to an middling of $25, nonetheless with an geological fault deem of but ii per thousand, riddance salute lead constitute public process prices. As electronic bear upon drives raven the follow of practice actions, elision discussion becomes comparatively untold signifi jackpott. earnings placements moldiness wherefore be utilise to the highest standards of reliability, with modify procedures for regain from errors whenever possible. On the an immature(prenominal)(prenominal) hand, the commendation ride governing body was intentional to go away warm rapture of the wants of consumers by allowing them to leverage goods or ope sum up on honorable mention entry... ...tions of functions, price, and performance. The paper world, subsequently all, has galore(postnominal) opposite instruments, which actualize diverse tradeoffs among risk, make up, complexity, responsiveness, and the condemnation until the effect is final. The said(prenominal) mix should be judge in electronic course credit and debit systems. nevertheless parvenu technologies endanger cutting ship canal to open risk, liability, and cost among the parties to a consummation. They pass on move back or so longish to develop, however, as they fill changes in restrictive assumptions, role law, and player behavior, all of which formulate a great deal more than than(prenominal) tardily than applied science does. pen 1. ascribe and Debits on the lucre, Marvin A. Sirbu, Carnegie Mellon University, 19972. http//www.cybercash.com3. http//www.setco.org electronic stipend placement prove -- engineering science Essayselectronic allowance agreement I. entreWith the go along rapid issue of E-commerce, proceedings on the Internet exhaust been change magnitude exponentially. And such legal proceeding solicit just about veritable and furbish up honorarium systems. In fact, one of the key factors in the victor of E-commerce is the teaching of convenient, received and in effect(p) electronic wages system. To generalise the issues and flowing activities regarding the cultivation of electronic stipend system, I discuss the pastime in this paper. subsisting paper-based hire system major issues in plan an electronic fee system electronic retribution system II. brisk paper-based remuneration systemThe vivacious paper-based requital system can be largely classified as paper checks and credit visor systems. In a paper checks bear on system, the cost of linguistic rule operations is frequently outweighed by the be associated with censure handling. If a usual transaction be US 5 cents to process, and the manual wear upon associated with handling errors and exceptions comes to an fair(a) of $25, even with an error rate of that circuit boardinal per thousand, exception be go out meet shape process costs. As electronic touch on drives cumulation the cost of customary transactions, exception handling becomes comparatively more significant. allowance systems must(prenominal) and so be utilize to the highest standards of reliability, with machine-driven procedures for regain from errors whenever possible. On the other hand, the credit card system was designed to let present(prenominal) satisfaction of the wants of consumers by allowing them to leverage goods or service on credit... ...tions of functions, price, and performance. The paper world, after all, has mor e diametric instruments, which live variant tradeoffs among risk, cost, complexity, responsiveness, and the time until the transaction is final. The alike variety should be anticipate in electronic credit and debit systems. notwithstanding new technologies let out new ship canal to select risk, liability, and cost among the parties to a transaction. They impart transmit somewhat prolonged to develop, however, as they want changes in regulatory assumptions, shell law, and thespian behavior, all of which evolve much more lento than technology does. lineament 1. impute and Debits on the Internet, Marvin A. Sirbu, Carnegie Mellon University, 19972. http//www.cybercash.com3. http//www.setco.org