Electronic Payment Methods Essay by BrainC

Electronic Payment Methods
An overview of the main features and benefits of electronic payment methods.
# 53532 | 1,400 words | 10 sources | MLA | 2004 | US
Published on Nov 03, 2004 in Business (Companies) , Computer and Technology (General)

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This paper provides an overview of electronic payment methods and outlines the relative advantages of electronic payment methods both for customer service and increased profitability. The main features of electronic payment cards, which include credit cards, virtual credit cards, debit cards, and charge cards, are described, and the main characteristics of successful e-payment methods are outlined. The recent successes of PayPal and VeriSign are outlined, and the author's personal interest in the subject is discussed.

Electronic Payment Methods
Main Features of Electronic Payment Methods
Electronic Payment Methods, PayPal and VeriSign
Personal Interest in Electronic Payment Methods
Additional Information on Electronic Payment Methods

From the Paper:

"Successful e-payment methods share a number of characteristics. These are: independence, interoperability and portability, security, anonymity, divisibility, ease of use, and transaction fees. Independence refers to the ability of e-commerce methods to operate without installing specialized software. Those e-commerce methods that do not require specialized hardware or software are more likely to be successful. Interoperability and portability refers to the ability of forms of e-commerce to interlink with other enterprise applications and systems. Security is an important consideration that encompasses the safety of the transfer and the chance of the transfer being intercepted. Anonymity is a characteristic of cash payments, where payment cannot be traced back to the buyer."

Cite this Essay:

APA Format

Electronic Payment Methods (2004, November 03) Retrieved July 10, 2020, from https://www.academon.com/essay/electronic-payment-methods-53532/

MLA Format

"Electronic Payment Methods" 03 November 2004. Web. 10 July. 2020. <https://www.academon.com/essay/electronic-payment-methods-53532/>