E-Commerce207910 marksDigital Cash/e-cash
Describe how electronic payments are done using digital cash, e-checks, and electronic billing presentment and payment systems. List their advantages and disadvantages.
Describe how electronic payments are done using digital cash, e-checks, and electronic billing presentment and payment systems. List their advantages and disadvantages.[10]
An Electronic Payment System (EPS) is a way of paying for goods and services electronically instead of using direct cash or physical cheques. It simply means online transaction of values. Among the various forms of EPS, digital cash (e-cash), e-checks, and electronic billing presentment and payme...