speech on e payment in 300 words.
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Electronic Payment System I. Introduction With the continuing rapid growth of E-commerce, transactions on the Internet have been increasing exponentially. And such transactions require some reliable and secure payment systems. In fact, one of the key factors in the success of E-commerce is the development of convenient, reliable and secure electronic payment system. To understand the issues and current activities regarding the development of electronic payment system, I discuss the following in this paper. · Existing paper-based payment system · Major issues in designing an electronic payment system · Electronic payment system II.…show more content…
III. Major issues in designing an electronic payment system Translating checks or credit card transactions to the Internet requires finding electronic and business model equivalents for the functions used in the existing paper-based system. The simple model below illustrates the major issues that must be addressed in designing an electronic payment system. · Naming: there must be an unambiguous way of identifying the payers' bank accounts and the payees' bank accounts. · Signatures: it must be possible for the payers' banks to verify that payment instructions were generated by people authorized to use accounts. · Integrity: electronic checks should be difficult to alter. · Confirmation: payees must have confirmation that transfers took place; payers must have notification of transfers out of their accounts. · Confidentiality: third parties should not be able to monitor such payments. · Settlement: separate banking institutions must have a way of settling their accounts. Signatures and confidentiality are the two biggest problems in creating digital payment instruments. These issues are typically handled with some form of cryptography. The use of public and private-key pairs allows a message to be "signed" digitally and verified by anyone who has the public key.
Answer:
I AM INBOX YOU WHEN YOU GIVE MY 30 ANSWER LIKE AND A HI TAK TUMHARE JITNE ANSWER DE RAHI HU UN SAB KO BRAINLIST DOGE TAB
Explanation:
MAIN TUMHE FREE INBOX TRICK BATA DUNGI