Electronic Payment System
Electronic payment system is a system which helps the customer or
user to make online payment for their shopping.
Requirements for E-Payments
Decreasing technology cost
Reduced operational and processing cost
Increasing online commerce
Some Examples of EPS
• Online Reservation
• Online Bill Payment
• Online order placing
• Online ticket booking
E-Wallet
Decide on an online site where you would like to shop.
Download a wallet from the merchant’s website.
Fill personal details. Click on the buying button when
ready to buy.
Secure Electronic Transaction
A form of protocol for electronic credit card payments.
SET protocol is used to facilitate the secure transmission of consumer credit card information.
Blocks out details of credit card information.
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