Electronic Payment
Systems
Sistem e-Business
(MG-652)
Jurusan Manajemen
Properties of Electronic Cash
Digital Cash
Purchashing Digital Cash
Electronic or
Digital Cash
Electronic Payment
Technology
Online Shopping
Limitation of Traditional
Payment Instruments
Using the Digital Currency
Plain Credit Card details
Encrypted Credit Card details
Types of
Credit Card
Payments
Third Party verivication
Online Credit Card
Based Systems
Benefit of
Electronic Checks
Electronic
Payment
Systems
Electronic Checks
NetCheck
Electronic Check
Project
Secure electronic Transaction (SET)
Record Keeping and Proof of Payment
Managing Information Privacy
Consumer, Legal,
Business Issues
Other Emerging
Financial Instruments
Risk Management
27 September 2002
Electronic Check
process
Debit Cards
Electronic Benefits
Transfer (EBT)
Smart Cards
Chandra Wibowo W.
2
Problems with Traditional
Payment Method
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Lack of convenience
Lack of security
Lack of coverage
Lack of eligibility
Lack of support for microtransactions
27 September 2002
Chandra Wibowo W.
3
Benefits of
Electronic Checks
• Electronic Checks work in the same way of
traditional checks Æ simplifying customer
education
• Electronic checks are well suuite for clearing
micropayments
• Electronic Checks can serve corporate markets
• Electronic Checks create float and availability of
float is an important requirement for commerce
27 September 2002
Chandra Wibowo W.
4
Specifiy features by SET
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Confidentiality of information
Integrity of information
Consumer account authentication
Merchant authentication
Interoperability
27 September 2002
Chandra Wibowo W.
5
Student Assignments
• Enter the web site of Mondex International
(www.mondex.com). Exemine the various
capabilities of the Mondex Card. Find information
about Visa’s (www.visa.com) e-cash Wallet.
Compare and contrast the two cards ! (team /
group assignment, submitted on week 6)
• Enter the Wal-Mart website (www.walmart.com)
and Amazon.com (www.amazon.com). Identify the
acceptable payment methods in each site !
(individual assignment, submitted on week 5)
27 September 2002
Chandra Wibowo W.
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