Compare And Contrast Electronic Payment Systems ...
First of all to compare and contrast electronic payment systems you have to know the basic categories of e-commerce:
1. When any company sells its merchandise (like eBay) - this is a B2C - Business-to-Consumer, this operation do via the Internet.
2. If two businesses transact between each other of-course online this is a B2B - Business-to-Business.
3. When two any consumers transact business between each other this is a C2C - Consumer-to-Consumer. For examples of these are Limewire, Kazaa, Napster etc.
4. And when any consumers offer up business to various companies, this is a C2B - Consumer-to-Business. (Like Elance)
Compare and contrast electronic payment systems.
1. For the payment of recurring bills systems are used Electronic billing payment and presentment. You can view the due dates and account transactions. You can choose the payment options: bank transfers or credit card accounts.
2. Digital wallets store all the personal information of buyers, they fill this in at checkout, that's great, because it un-necessary for all buyers to have to manually input their own personal information each time they want to make any purchase.
3. The digital balance (like the famous PayPal) - it enables all users to make any instant payments.
4. The Micropayment are designed specially for $10.00 payments that are very small for payments by credit card.
5. The Digital Checking are processed much faster than the conventional checking systems and enable to users to extend the functionality of all their existing checking accounts especially for online shopping
6. The Accumulated balance DPS - (the digital payment systems) enable all users to make new micropayments as well as purchases the debit balance stored for any future payment through mobilephone bill or credit card.
Let me know which type do you use?
Me?
I use the PayPal system
