E-Commerce20825 marksTypes of electronic payment systems
Explain the different types of electronic payment system.
Explain the different types of electronic payment system. [5]
Electronic payment systems are digital methods of transferring money between parties. The main types are: - Customer uses a credit card (issued by a bank) to make purchases - Payment is processed through card networks (Visa, Mastercard, etc.) - Customer receives a bill later and pays the issuing ...