Electronic payment : current scenario and scope for improvement

2020 ◽  
Vol 9 ◽  
Author(s):  
M.B Saikrishna
Keyword(s):  
Technological Innovations ◽  
Electronic Payment ◽  
Technological Breakthrough ◽  
Electronic Payments ◽  
Current Scenario ◽  
Financial Transactions

Today E- payments are growing at the highest rate. Having a card has become the need of every person. Nowadays everybody wants to use these services. Technology has arguably made our lives easier. One of the technological innovations in banking,  finance, and commerce is electronic payments. Electronic payments reference to the technological breakthrough that enables us to perform financial transactions electronically. Thus avoiding long lines and other hassles. Electronic payment: current scenario and scope for improvement.

A Resourceful Approach in Security Testing to Protect Electronic Payment System Against Unforeseen Attack

2021 ◽  
pp. 1279-1302
Author(s):  
Rajat Kumar Behera ◽  
Abhaya Kumar Sahoo ◽  
Ajay Jena
Keyword(s):  
Personal Information ◽  
Developed Countries ◽  
Test Case ◽  
Electronic Payment ◽  
Security Testing ◽  
Electronic Payments ◽  
Malicious Attack ◽  
Digital Era ◽  
Security Test ◽  
Financial Transactions

This article describes how electronic payments are financial transactions made over the internet for goods or services. In the digital era, the e-commerce industry has gone beyond the traditional in-store service due to the wide spread of internet-based shopping. Developed countries are greatly relying on e-commerce business and a sizable number of countries have shown concern in regard to the online payment cards such as credit cards, debit cards, e-cash, e-cheques, e-wallets and smart card security. The main downsides are concerns over privacy or a malicious attack and hence safeguard mechanisms are required to protect personal information from falling into the hands of intruders. Before commercializing electronic payment systems (EPS), security tests play a significant role in the software development life cycle to check whether the system is secure and it is safe to use. A resourceful approach covering security policies, secure coding, security attack prevention methodology, security testing tool, security testing metrics, security test case prioritization techniques and a model for effective project management methodology are presented in this article. Early detection and resolution of security weaknesses can be achieved with the authors' proposed approach and would certainly reduce the time, effort and cost of a project. The proposed approach is likely the best-fit implementation of the payment industry, covering channels like B2C (Business to Consumer), C2C (Consumer to Consumer), C2B (Consumer to Business), B2B (Business to Business), People to People (P2P), G2C (Government to Citizen) and C2G (Citizen to Government).

A study on electronic payments and economic growth: Global evidences

Accounting ◽  
2021 ◽  
pp. 409-414 ◽  
Author(s):  
Abdullah Aldaas
Keyword(s):  
Economic Growth ◽  
Electronic Payment ◽  
Payment Systems ◽  
Electronic Payments ◽  
Financial Transactions ◽  
The Relationship ◽  
Country Specific

This study focuses on the relationship between economic growth and electronic payment systems based on a sample of countries from across the globe. The study is relevant considering the importance of payment systems in financial transactions and also because, being an evolving area, it is not much studied in literature. The study initially refers to the concept, types and other features of electronic payment systems and later on analyses the macroeconomic data from countries across the globe. No concrete evidence is found supporting or rejecting the relationship between electronic payment systems and economic growth which can be inferred as country specific issue.

17. Electronic payments and cryptocurrency

2019 ◽  
pp. 438-452
Author(s):  
Andrew Murray
Keyword(s):  
Electronic Commerce ◽  
Credit Cards ◽  
Legal Environment ◽  
Electronic Payment ◽  
Payment Systems ◽  
Considerable Time ◽  
Electronic Money ◽  
Electronic Payments ◽  
Payment Methods ◽  
Online Payment

This chapter examines online payment methods, including the use of tokens, in electronic commerce. It first provides an overview of token payments before looking at alternative electronic payment systems including debt substitution, payment by credit cards, and fund transfer. The chapter reviews the failure of the European Commission’s Electronic Money Directive 2000 and examines whether the current law, found in the 2009 Electronic Money Directive, is likely to provide a better legal environment for electronic money to flourish. It spends considerable time looking at the development of cryptocurrencies, including bitcoin and how blockchain is used to establish trust in cryptocurrency transactions, before concluding with an analysis of the law in relation to cryptocurrency.

scholarly journals ESTUDIO DE LA USABILIDAD DE LA TECNOLOGIA DE INTERNET EN EL TURISMO RECEPTIVO EN LIMA-PERU

2017 ◽  
Vol 23 (1) ◽  
pp. 41
Author(s):  
Mery Morales
Keyword(s):  
Information Technologies ◽  
Web Pages ◽  
Electronic Payment ◽  
Information And Communications Technologies ◽  
Electronic Payments ◽  
Palabras Clave ◽  
Keywords Internet ◽  
Communications Technologies ◽  
Tourism Websites ◽  
E Mail

Estudios realizados en Ayacucho en el 2005, sobre las tecnologías de información aplicadas al sector turístico contemplan solo páginas web y correo electrónico. En este trabajo se centra el estudio en determinar la usabilidad del internet para captar turistas extranjeros y los problemas de su uso en las agencias mayoristas y minoristas. El estudio muestra que el nivel de usabilidad de la tecnología es la web, la cual es más informativo en ambos sectores, los servicios en línea solo registran pedidos, responden e-mail; sobre comercio electrónico las agencias mayoristas realizan muy poco canastas de pedidos y pago electrónico, en cambio la agencias minoristas realizan un mayor porcentaje de canasta de pedidos y pago electrónico; el personal de ambas agencias tienen un nivel de preparación muy adecuado, sobre el idioma más usado en las páginas web es el español; sobre los problemas de comercio electrónico que afectan el uso de las tecnologías son costos en las agencias mayoristas y procedimientos en las agencias minoristas. Palabras clave.-Internet, turismo receptivo, Usabilidad, Tecnologías de información y comunicaciones. ABSTRACTStudies done in Ayacucho in 2005, on information technologies applied to tourism websites and contemplate just email. This paper focuses on the study to determine the usability of the internet to attract foreign tourists and problems of its use in retail and wholesale agencies. The study shows that the level of usability of technology is: the web is more informative in both sectors, the services only register online orders, answer e-mail, e-commerce agencies made little baskets wholesale ordering and electronic payment instead the retail agencies perform a greater percentage of basket orders and electronic payments, staff from both agencies have a very adequate level of preparation on the most used language in web pages is Spanish on electronic commerce issues that affect the use of the technologies are cost wholesale agencies and retail agencies procedures. Keywords.-Internet, incoming tourism, Usability, Information and communications technologies.

scholarly journals APPLE, SAMSUNG И ANDROID PAY: FEATURES OF CONTACTLESS MOBILE PAYMENT SYSTEMS AND THE PROSPECTS FOR THEIR IMPLEMENTATION IN RUSSIA

2017 ◽  
Vol 11 (3) ◽  
pp. 126-135
Author(s):  
Анна Силаева ◽  
Anna Silaeva ◽  
Георгий ИГНАТЕНКОВ ◽  
Georgij IGNATENKOV
Keyword(s):  
Mobile Phones ◽  
Financial Services ◽  
Mobile Payment ◽  
Strategic Analysis ◽  
Competitive Advantages ◽  
Electronic Payment ◽  
Payment Systems ◽  
Electronic Payments ◽  
Important Trend ◽  
Stable Growth

In recent years, the several trends are stable: growth in sales through mobile phones, increasing the share of cashless payments, access to the market for electronic payment companies that have never provided financial services before, and the simplification of tariff schedules. An important trend is the emergence of mobile payment systems, such as Apple Pay, Android Pay, Sam-sung Pay. Unfortunately, there are many myths around such services, as well as misunderstandings about how they work, for what they are in need, what they bring to the market, and whether they bring security and confidentiality. The presented material is devoted to the development of innovative technologies and services in the field of electronic payments. The relevance of the declared issue is determined by the active development of contactless payment technology in Russia, which is a good example of a symbiosis of the bank's work, payment system and telephone. Contactless payment with a mobile phone will be a step towards a denial of cash. The article reveals the essence of these payment systems, the features of their use, the competitive advantages of contactless mobile payment systems. Also, the authors discusses the implementation of these payment systems in Russia's realities, notes the problems that they may face in the process of implementation and use. The article uses methods of strategic analysis, content analysis, analysis of documents and observations. The features of the introduction and development of contactless mobile pay-ment systems identified during the research can be considered as a basis for further research in this field.

scholarly journals Between flowers and fears: the new coronavirus pandemic (COVID-19) and the flower retail trade

2021 ◽  
Vol 27 (1) ◽  
pp. 26-32
Author(s):  
Adilson Anacleto ◽  
Anna Paula de Araújo Bornancin ◽  
Silas Hallel Camilo Mendes ◽  
Luciane Scheuer
Keyword(s):  
Online Courses ◽  
Retail Trade ◽  
Just In Time ◽  
Exploratory Research ◽  
Inventory Costs ◽  
Positive Effects ◽  
Current Scenario ◽  
Financial Transactions ◽  
Number Of Customers ◽  
Complementary Actions

Abstract In order to support a better understanding of the current scenario of the crisis installed by the New Coronavirus (SARS-CoV-2: COVID-19) in the flower retail trade, it is presented a descriptive exploratory research carried out between April and May 2020 with 30 flower shop managers located in the Southern region of Brazil. The results showed that the most significant impacts were the drop in the number of customers, which reduced the company’s income when compared to the values sold before the pandemic, and that the pandemic scenario generated a 45.3% reduction in financial transactions on average. Among the flower shops in this survey, 70% of flower shops were closed for an average of 21.4 days, when they were reopened with restrictions on attendance related to hours or the number of people inside the stores. The e-commerce and social media were the main tools to confront this situation, and the most used Apps were WhatsApp and Instagram. But other actions such as discounting on purchases by quantity, free delivery and marketing in the surrounding were also registered. Among the possible complementary actions in order to face this crisis and which can have positive effects, it is highlighted the online courses directed to the trade of gardening kits, the adoption of the Just In Time (JIT) methodology that can result in partnerships with local producers in order to reduce inventory costs and purchase prices, and the organization of collective purchasing groups to bargain prices with wholesalers, as well as the reduction of transportation and operational costs at Veiling in Holambra.

Evolution, Development and Growth of Electronic Money

2011 ◽  
pp. 249-268
Author(s):  
A. Seetharaman ◽  
John Rudolph Raj
Keyword(s):  
Risk Management ◽  
Rapid Change ◽  
Management Approach ◽  
Electronic Payment ◽  
Payment Systems ◽  
Electronic Cash ◽  
Electronic Money ◽  
Electronic Payments ◽  
Problems And Solutions

Traditional cash has long been envisioned to be replaced with ‘virtual’ or electronic cash. Electronic money and electronic payment systems for retail transactions are commanding widespread attention. Undeniably, electronic payment cites advantages such as efficiency and convenience to the consumers. However, with the rapid change and advances in technology, has posed significant risks, related to ensuring security and integrity of electronic payment systems in today’s cyber world. Therefore, this study attempts to understand the role of electronic payments for consumers, and to identify the problems and solutions in the emergence of electronic payments. This study also explores the challenges of electronic payments from a security perspective, in particular, and provides preliminary security countermeasures for each of the issues discussed. Beside that, the study also discusses further on the prospects of electronic payment systems. It is essential to put in place an integrated, overall risk-management approach to security, including independent security assessments as one of the components in the use of electronic payment products.

scholarly journals INTERNATIONAL EXPERIENCE OF ELECTRONIC PAYMENT SYSTEMS USING IN UKRAINE

2018 ◽  
pp. 149-153
Author(s):  
Vladyslavа Lisniak
Keyword(s):  
General Scheme ◽  
The State ◽  
Electronic Payment ◽  
Payment Systems ◽  
Basic Principles ◽  
Research Attention ◽  
Electronic Payments ◽  
Advantages And Disadvantages ◽  
The Individual ◽  
Effective Development

Introduction. In the course of this research attention was paid to the study of theoretical and practical aspects of the development of electronic payment systems in the world and in Ukraine. The general scheme of electronic payment system work is considered. The dynamics of payments by means of electronic payment systems on the territory of Ukraine is determined. The basic principles of electronic payment systems activity are substantiated. The advantages and disadvantages of electronic payments are considered. The results of the study can be used as practical recommendations for improving the electronic payment activities in Ukraine. Purpose. The purpose of this article is to study the development and status of electronic payment systems and their development in Ukraine. Method (methodology). The main tasks of the research are to consider the general theme of the work of electronic payment systems on the territory of Ukraine; analyze the dynamics of electronic settlements in Ukraine; to substantiate the basic principles of the activity of electronic payment systems; to identify the advantages and disadvantages of electronic payments. Results. The use of electronic payment systems is an extremely positive step towards the economic development of the state. After all, the rapid and effective development of electronic payment systems in Ukraine with the use of international advanced information has a number of advantages for the state economy as a whole and for the individual user in particular: reduction of cash circulation, increase of credit resources, development and wide access to the financial system, etc. It should also be noted that one more important advantage of electronic payments is saving time and minimizing fraud risks.

scholarly journals Trends and Challenges in Adoption of E-Payment Services in India

2020 ◽  
Vol 9 (4) ◽  
pp. 1048-1054
Keyword(s):  
Success Factors ◽  
Service Providers ◽  
Electronic Payment ◽  
Payment Systems ◽  
Research Directions ◽  
Electronic Payments ◽  
Raising Awareness ◽  
Public Sector Organizations ◽  
Payments Systems ◽  
Payment Services

Electronic payment services are vastly growing market around the world due to its convenience and quickness. After demonetization in India during 2016, the proliferation payment systems reached the peak with in-house service providers and global operators explore here. The proposed analysis work focus on creating conscious about different factors related to e-Payment Systems with its cons, objections and security features. The historical data and referent have been taken out in order to acquire essential data about electronic payments systems. This study on outlook of e-payment systems was carried out following search of several research directions on digital payment services. As there are multiple service providers, the digital vision will be fully utilized only by raising awareness among people and society with the huge popularity of internet and technology. To realize their success parameters, it is vital to examine the strategies of general consumers, cyber merchants, network managers, banks and other public sector organizations. Disappointed experiences may lead to establishment of a new payment system. Our results highlight straight forward explanations of the success factors of electronic payment services in India based on variety of features. The study also reveals the popularity of e-payment services in India on various criteria

scholarly journals Elektronisches Geld im globalen Datennetz

1996 ◽  
Vol 26 (103) ◽  
pp. 227-240 ◽  
Author(s):  
Raul Rojas
Keyword(s):  
Economic Consequences ◽  
Electronic Payments ◽  
The Social ◽  
Different Types ◽  
Digital Money ◽  
Digital Payments ◽  
Financial Transactions

The paper discusses the different types of digital money which have been developed in the last ycars. The problem with electronic payments is that they are traceable and their security can be compromised. We review some of the strategies which have been implemented in order to transform electronic checks in real digital cash, i.e., an anonymous vehicle for all kind of financial transactions. The last section discusses some of the social and economic consequences of the introduction of digital payments.

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