Ch 6' ECommerce Payment System

1
Ch 6. E-Commerce Payment System

• Traditional Payment Systems
• Limitations of Online Credit Card Payment
• Digital Wallets
• B2C Payment Systems
• B2B Payment Systems
• Electronic Billing Systems

2
Traditional Payment

• Cash
• Check
• Credit Card
• Stored Value Systems
• Accumulating Balance Payments

3
Credit Card Payment Limitations

• Security
• Merchant risk
• Cost
• Social equity

4
Types of Digital Wallets

• Client-based
• Gator WalletMasterCard Wallet
• Server Based
• MSN Wallet
• Novell DigitalMe
• Yodlee.com

5
B2B Digital Payment Systems

• Credit verification guarantee
• Escrow service
• Non-repudiation
• Funds collection
• Financing
• Integration
• Fraud detection

• Accounting
• Dispute handling
• Online bill presentment
• Multiple payment options