e payment system

1. Welcoming all

2. ELECTRONIC PAYMENT METHODS

6. Credit cards
▪ Credit cards are the plastic cards that allow
customers to carry transactions electronic data
processing system.
▪ A credit cards is issued by an agency such as
master or visa.
▪ It gives pre-determined spending limit to the
holders of the cards
▪ Consumers actually pay after a transaction on a
credit card.

7. Debit cards
▪ Debit cards are issued by a bank or a financial
institution in which the card holder has an
account.
▪ The card enables consumers to access the
account for a variety of transactions
▪ The consumer actually pays immediately for
a transaction

8. ▪ Obtaining a debit cards is much easier than
obtaining a credit cards.
▪ Using a debit card instead of writing cheques
saves you from showing personal
identifications.
▪ Using a debit card frees you from carrying
cash, travelers cheques or a chequebook.

9. ▪ Debit card purchases can have less protections
than credit card purchases for items that are
never delivered or defective.
▪ Returning goods or cancelling services purchased
with a debit card is treated as if the purchases
were made with cash or cheque.
▪ When a customers uses a debit card, however no
fee is charged to the merchant.
▪ So there is a strong incentive for merchants to
offer discounts to encourage paying by debit card

10. Smart cards
▪ Smart cards are plastic card which have a
microchip.
▪ It is a stored value card.
▪ It can store a large number of information.
▪ A smart card can simultaneously be an ID, a
credit card, stored value cash card and
repository of personal information such as

12. Thanking you