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Computer and Society Seminar

This document discusses electronic payment and its various aspects. It defines electronic payment as a financial exchange that takes place online between buyers and sellers. It identifies factors that led to the growth of e-payment such as decreasing technology costs and increasing online commerce. It also describes different types of e-payments including one-time customer to vendor payments and recurring payments. It outlines various e-payment channels such as ATMs, mobile banking, internet banking and POS terminals. It provides a history of e-payments and explains how online and offline payment processing works. It discusses applications of e-payment such as online shopping, bill payments and e-commerce. It covers benefits like speed and convenience as well as disadvantages including security issues. It provides recommendations

Uploaded by

Ajayi Oluwafemi Abayomi
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91 views39 pages

Computer and Society Seminar

This document discusses electronic payment and its various aspects. It defines electronic payment as a financial exchange that takes place online between buyers and sellers. It identifies factors that led to the growth of e-payment such as decreasing technology costs and increasing online commerce. It also describes different types of e-payments including one-time customer to vendor payments and recurring payments. It outlines various e-payment channels such as ATMs, mobile banking, internet banking and POS terminals. It provides a history of e-payments and explains how online and offline payment processing works. It discusses applications of e-payment such as online shopping, bill payments and e-commerce. It covers benefits like speed and convenience as well as disadvantages including security issues. It provides recommendations

Uploaded by

Ajayi Oluwafemi Abayomi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

COMPUTER AND SOCIETY

SEMINAR

SEMINAR TOPIC

DEFINITION

Electronic Payment is a
financial exchange
that takes place online
between buyers and
sellers.

FACTORS THAT LEAD TO E-PAYMENT

Decreasing
technology cost
Reduced operational
and processing cost
Increasing online
commerce

TYPES OF
EPAYMENT

one-time
custome
r-tovendor
payment

TYPES OF
EPAYMENT

recurring
customer
-tovendor
payment

TYPES OF
EPAYMENT

Automati
c
bank-tovendor
payment

EPAYMENT
CHANNELS
Automate
d

Teller
Machine
(ATM)

EPAYMENT
CHANNELS

Mobile
Banking
/Payments

EPAYMENT
CHANNELS

Internet
Banking

EPAYMENT
CHANNELS

Pointof-sale
(POS)

Terminals

EPAYMENT
CHANNELS

Electronic

Funds

Transfer

HISTORY

How Payment Processing


Works

The Payment Processing


Network

Acquiring Bank
Authorization
Credit Card Association
Customer Issuing Bank
Internet Merchant Account
Merchant
Payment Processing Service
Processor
Settlement

How Payment Processing


Works

ONLINE AND OFFLINE PAYMENT


PROCESSING

Customer
decides to
make a
purchase on
Merchant's
Web site,
proceeds to
check-out
and Inputs

Customer
selects
item(s) to
purchase,
brings them
to cashier,
and hands
credit card
to

ONLINE AND OFFLINE PAYMENT

Merchant
PROCESSING

The
Merchant's
Web site
receives
customer
information
and sends
transaction
information

swipes
card and
transfers
transactio
n
informatio
n to a
point of

ONLINE AND OFFLINE PAYMENT


PROCESSING
Point of

Payment
Processin
g Service
routes
informati
on to the
Processor

sale
terminal
routes
informatio
n to the
Processor
via dial-up
connection

ONLINE AND OFFLINE PAYMENT


Processor
PROCESSING

Processor
sends
informati
on to the
Issuing
Bank of
the

sends
informati
on to the
Issuing
Bank of
the
Customer'

ONLINE AND OFFLINE PAYMENT


PROCESSING
Issuing

Issuing
Bank
sends
transactio
n result
(authoriza
tion or

Bank
sends
transactio
n result
(authoriza
tion or
decline) to
the

ONLINE AND OFFLINE PAYMENT


PROCESSING

Processor
routes
transactio
n result to
the
Payment
Processing

Processor
routes
transactio
n result
to the
point of
sale

ONLINE AND OFFLINE PAYMENT


PROCESSING

Payment
Processin
g Service
passes
result
informati
on to

Point of
sale
terminal
shows
Merchant
whether the
transaction
was
approved or

ONLINE AND OFFLINE PAYMENT


PROCESSING

Merchant
Merchant
tells the
accepts or
Customer
rejects
the
transactio
outcome
n and
of the
ships
transactio
goods if

How Payment Processing


Works

APPLICATION OF EPAYMENT

Payment for Online


services
Online Shopping
Payment of Bills
Send money to people
E-Commerce

APPLICATION
OF E-PAYMENT

Paymen
t for
Online
services

APPLICATION
OF E-PAYMENT

Online
Shoppin
g

APPLICATION
OF E-PAYMENT

Paymen
t of
Bills

APPLICATION
OF E-PAYMENT

Send
money
to
people

APPLICATION
OF E-PAYMENT

ECommerc
e

BENEFITS OF E-PAYMENT

ADVANTAGES OF EPAYMENT
SPEED AND CONVENIENCE
Flexible Payment
Arrangement
end-to-end e-payment
solution
advice to ministries and
government authorities
awareness

DISADVANTAGES OF E-PAYMENT

SECURITY
Payment System Collision

HOW TO SET UP E-PAYMENT FOR


YOUR BUSINESS

SECURITY
Payment System Collision

ELECTRONIC PAYMENT
ASSOCIATION

SECURITY
Payment System Collision

CONCLUSION
It is pertinent that people should
know that the gains of e-payment are
not sweet sayings. We should all
believe
and
work
towards
the
workability of this new payment
regime. Apart from combating effects
of global economic meltdown, Nigeria
should not also be left out in the
advancement towards e-commerce
which will compel the world to start
trading on the web in not too distant

RECOMMEN
The main
DA-TION
drawbacks
to
electronic
payments
are
concerns
over
privacy
and the
possibility

PREPARED BY GROUP 4
AKINLOLU OLUWAJUWON

F/ND/10/3210103
ADEDOKUN ADEOLA
F/ND/10/3210045
AYODEJI ARIYO
F/ND/10/3210082
AJAYI OLUWAFEMI a.
F/ND/10/3210063
IMAFIDON KELVIN
F/ND/10/3210090

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