E-Commerce: Payment Systems and Security The list of payment solutions

E-Commerce: Payment Systems and Security The list of havement declarations for e-commerce seems to be endless. many curses and ISPs have adapted their own e-commerce payment systems where compatibility has not been considered. However, it seems that everything is soon pointing towards SET (Secure Electronic Transaction) as becoming the standard to follow.         The first line payment methods for go that took place over the net income were conventional. Users of services would transfer periodically the amount directly from their bank accounting system to the submitrs account. This type of payment takes a owing(p) deal of succession to go through. In the case of return purchase the equivalent method would be workd, the customer would pay the amount out-of-pocket through the bank accounts. This mechanism, of course, is not considered as a stark(a) meshing payment. To avoid this kind of feat, a much sophisticated method would be to use credence commove stickers as a method of payment. The client would use internet to provide the supplier of the product or services with the recognize flier information. The supplier would charge the amount instantly and the assign card company would take c ar of the rest.

At this point is when buck private and delicate information starts spread through the internet, attempting against the privacy of the purchaser (that can be monitored), and the confidentiality of banking information, which could be stolen and fraudulently used. Security mechanisms are implanted to guarantee the confidentiality and rightfulness of the c ontent, as well as the identity of the clien! t and supplier. The solution would seem to be the use of encryption to securely blame the number and information of the credit card. But still, some definite factors have to be considered. wholeness would be that the amount of the transaction itself could be increased.         The next flavour taken would be the introduction... If you compliments to get a large essay, order it on our website: BestEssayCheap.com

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