Electronic payment system: A complete guide
Journal Title: Journal of Multidisciplinary Sciences - Year 2019, Vol 1, Issue 2
Abstract
With contrast to the previous century when the concept of electronic transfer was proposed, nowadays electronic payments are drastically increased due to the rapid increase in online shopping or Internet-based banking. Now in twenty-first century electronic payments became the first option for the transfer of money to/from payer/payee. Visa card, master-card, smart card, debit card, credit card, e-check, and e-wallet, etc. are the options for e-payments. Behind the acceptance of the new payment system depend upon the three factors- cost, time and security per transaction take place of each other. This paper will highlight the background study, types of electronic payment systems available and which payment method users should choose considering the cost, time and security factors. This research will also identify the issues and challenges of e-payments and suggest some solutions to improve performance and quality in developing countries. The motive of this review paper is to introduce the reader to electronic payment and keep update the reader with the current state of the art in the electronic payment system and to provide an overview of past efforts and future trends of electronic payment transfer.
Authors and Affiliations
Awais Ahmed, Abdul Aziz, Muhammad Muneeb
Keywords
Related Articles
- EP ID EP683690
- DOI https://doi.org/10.33888/jms.2019.121
- Views 294
- Downloads 0
Performance of eighteen advanced wheat lines grown under irrigated optimum and late sown conditions in different regions of Bangladesh
Eighteen advanced wheat lines were evaluated for irrigated optimum and late sown conditions in different environmental regions of Bangladesh. The experiments were conducted at Bangladesh Wheat and Maize Research Institut...
Evaluation of some wheat genotypes growing under heat stress condition in two environments in Bangladesh
The study was carried out from November to March, 2013-2014 in two agricultural research centers/stations: Wheat Research Centre (WRC; 23° 11' 14.52" N, 89° 11' 11.99" E; 10.4 meter above sea level, masl), Nashipur, Dina...
Short term electrical load forecasting for an urban 11 KV feeder using machine learning techniques
Accurate electricity load estimation is an important issue for the operation of the power system and it is one of the essential works of future power planning for large cities. Every power prediction model has its own be...
Production of enzymes by five Pleurotus spp. developed in solid and liquid state fermentation using three agricultural wastes
Oyster mushrooms (Pleurotus spp.) can bioconvert lignocellulosic residues due to the secretion of extracellular enzymes. The production of hydrolytic and oxidative enzymes by five Pleurotus spp. (P. ostreatus, P. columbi...
Nitric oxide-mediated drought stress tolerance via improvement crop yield, antioxidants, membrane integrity and reducing the oxidative stress of two faba bean cultivars
Nitric oxide (NO) is a prevalent signaling molecule that regulates plant responses to potential plant stresses like drought. Growth and seeds yield/plant improvement under drought stress was the net result of the regulat...