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  2. E-commerce payment system - Wikipedia

    en.wikipedia.org/wiki/E-commerce_payment_system

    There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. [5] Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an excellent alternative with ...

  3. Electronic billing - Wikipedia

    en.wikipedia.org/wiki/Electronic_billing

    Electronic billing or electronic bill payment and presentment, is when a seller such as company, organization, or group sends its bills or invoices over the internet, and customers pay the bills electronically. [1] This replaces the traditional method where invoices are sent in paper form and payments are done by manual means such as sending ...

  4. Payment system - Wikipedia

    en.wikipedia.org/wiki/Payment_system

    The term electronic payment refers to a payment made from one bank account to another using electronic methods and forgoing the direct intervention of bank employees. Narrowly defined electronic payment refers to e-commerce —a payment for buying and selling goods or services offered through the Internet, or broadly to any type of electronic ...

  5. E-commerce credit card payment system - Wikipedia

    en.wikipedia.org/wiki/E-commerce_credit_card...

    Electronic commerce that is conducted between businesses is referred to as business-to-business or B2B. Electronic commerce that is conducted between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com.

  6. Electronic bill payment - Wikipedia

    en.wikipedia.org/wiki/Electronic_bill_payment

    Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.

  7. E-commerce - Wikipedia

    en.wikipedia.org/wiki/E-commerce

    In order to give a uniformity to e-commerce law around the world, many countries adopted the UNCITRAL Model Law on Electronic Commerce (1996). [ 13 ] Internationally there is the International Consumer Protection and Enforcement Network (ICPEN), which was formed in 1991 from an informal network of government customer fair trade organisations.

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  9. Cashless society - Wikipedia

    en.wikipedia.org/wiki/Cashless_society

    Electronic transactions require a deposit account (in a bank or other deposit-taking financial institution) and some familiarity with the payment system. [45] Many people in impoverished areas are underbanked or unbanked. [46] In the United States, almost one-third of the population lacked the full range of basic financial services in 2012. [47]