1. Prepared by:-
Rahul kundu
6th sem, IT
Electornic paymet
system(EPS)

2. contents
 Introduction of electronic payment
system
 Modes of electronic payment
• Credit card
• Debit card
• ATM
• E-banking
• Digital cash
• Electronic check
 Benefits of electronic payment system

3.  Introduction of EPS
 An electronic payment system(EPS) is a
way of paying for goods or services
electronically, instead of using cash or a
check.
 Electronic payments as referring to
online transaction on the internet, there
are actually many forms of electronic
payments.

4.  Methods of electronic payments
electronic cash, e-wallets, smart cards,
credit cards & debit cards.

5. 1. Credit card
 A credit card is a
payment card
issued to users as a
system of payment.
 It allows the
cardholder to pay for
goods & services
based on the
holder’s promise to
pay for them.

6.  The issuer of the card creates a
revolving account & grants a line of
credit to the consumer from which the
user can borrow money for payment to a
merchant or as a cash advance to the
user.

7. 2. Debit card
 A debit card is a plastic
card when provides an
alternative payments
method to cash when
making purchases.
 It can be called an
electronic check as the
funds are withdrawn
directly from either the
bank account or from
the remaining balance

8.  Debit card can also allow for instant
withdrawal of cash, acting as the ATM
card for withdrawing cash & as a check
guarantee card.
 Merchants can also offer ‘cash
back/cash out’ facilities to customers,
where a customer can withdraw cash
along with their purchase.

9. 3. ATM
 An automated teller
machine or automatic
teller machine(ATM) is a
computerized
telecommunications
device that provides the
clients of a financial
institution with access to
financial transactions in
a public space without
the need for a cashier,

10.  ATMs are known by various other
names including ATM machine,
automated banking machine etc.

11. 4. E-banking
 Electronic banking, also known as e-
banking & online banking is a service that
allows customers to access their bank
information conduct financial transactions
make deposits, withdrawals & pay bills
through the internet without having to
physically visit their bank.
 It provides the convenience of accessing
banking facilities from the comfort of their
home or office.

12. 5. Digital cash/electronic currency
 Digital currency is a form of virtual currency
or medium of exchange that is
electronically created & stored.
 Some digital currencies such as bitcon are
crypto currencies.

13. 6. Electronic check
• An electronic version or re-presentation of
a paper check.
• The account holder writes an e-check using
a computer or other type of electronic
device & transmits the e-check to the
payee electronically.

14.  Security features provided by electronic
checks include authentication, public
key cryptography digital signatures &
encryption among others.
 E-check are a more convenient, safer
alternative to paper checks when paying
for goods & services & paying bills.

15. Benefits of EPS
 Privacy
 Integrity
 Compatibility
 Good transaction efficiency
 Acceptability
 Convenience
 Mobility
 Low financial risk
 anonymity

16. Thank you