Online payment and e cash
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Transcript of Online payment and e cash
ABHISHEK KUMAR VERMAIPCC REG NO CRO - 0487353
BATCH COMMENCEMENT DATE 24-November-2014
PROJECT TOPIC ONLINE PAYMENTS CONCEPT OF E-CASHamp SAFEGUARDS
SUBMITTED BY
ITT CENTRE NAME BIKANER BRANCH OF CIRC OF ICAI
1
2
This Is To Certify That Mr ABHISHEK
KUMAR VERMA Has Under Taken A Project On
ldquoONLINE PAYMENTSE-CASH amp SAFEGUARDSrdquo
After Going Through The Report We Wish To
Record Our Satisfaction amp Commend To MR
ABHISHEK KUMAR VERMA For The Effort Put
In By Their In This Exercise
3
SUBMITTED BY ABHISHEK KUMAR VERMA UNDER THE GUIDANCE OF MISS SONALI JAIN (ITT FACULTY)
Submitted In Partial Fulfillment For The IT Training Conducted By
Bikaner Branch Of ICAI For The Course Of IPCCBATCH NO BIKANER-1114IT-05
REG NO BKN2014-15075
ONLINE PAYMENTS E-CASH amp SAFEGUARDS
4
While coming on acknowledgement it seems to me closing oflong chapter of reminiscences which bloomed and gloomed at BRANCHCHAIRMEN BIKANER BRANCH OF CIRC OFICAI BIKANER
This is my proud privilege to express my sincere and deepsense of gratitude my faculty member Ms SONALI JAIN for inspirationguidance persistent involvement scholarly suggestion and constructive criticalsupervision throughout the pursuit of present study
And finally many thanks to all those friends who keptcompany and who directly or indirectly helped me in the completing of thisproject work
ABHISHEK KUMAR VERMA
5
6
INDEX
Contents
1 Introduction
2 Requirements of Online payments
3 TypesModes of E-Payments
4 Advantages and Limitations
5 Security
6 conclusion
Sr no
7-8
9-11
12-25
26-28
29-30
31-32
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull To transfer money over the Internet
7Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
8
bull Methods of traditional payment
Cheques letter of credit and cash
bull Methods of electronic payment
bull Electronic cash
bull software wallets
bull smart cards and
bull creditdebit cards
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
2
This Is To Certify That Mr ABHISHEK
KUMAR VERMA Has Under Taken A Project On
ldquoONLINE PAYMENTSE-CASH amp SAFEGUARDSrdquo
After Going Through The Report We Wish To
Record Our Satisfaction amp Commend To MR
ABHISHEK KUMAR VERMA For The Effort Put
In By Their In This Exercise
3
SUBMITTED BY ABHISHEK KUMAR VERMA UNDER THE GUIDANCE OF MISS SONALI JAIN (ITT FACULTY)
Submitted In Partial Fulfillment For The IT Training Conducted By
Bikaner Branch Of ICAI For The Course Of IPCCBATCH NO BIKANER-1114IT-05
REG NO BKN2014-15075
ONLINE PAYMENTS E-CASH amp SAFEGUARDS
4
While coming on acknowledgement it seems to me closing oflong chapter of reminiscences which bloomed and gloomed at BRANCHCHAIRMEN BIKANER BRANCH OF CIRC OFICAI BIKANER
This is my proud privilege to express my sincere and deepsense of gratitude my faculty member Ms SONALI JAIN for inspirationguidance persistent involvement scholarly suggestion and constructive criticalsupervision throughout the pursuit of present study
And finally many thanks to all those friends who keptcompany and who directly or indirectly helped me in the completing of thisproject work
ABHISHEK KUMAR VERMA
5
6
INDEX
Contents
1 Introduction
2 Requirements of Online payments
3 TypesModes of E-Payments
4 Advantages and Limitations
5 Security
6 conclusion
Sr no
7-8
9-11
12-25
26-28
29-30
31-32
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull To transfer money over the Internet
7Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
8
bull Methods of traditional payment
Cheques letter of credit and cash
bull Methods of electronic payment
bull Electronic cash
bull software wallets
bull smart cards and
bull creditdebit cards
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This Is To Certify That Mr ABHISHEK
KUMAR VERMA Has Under Taken A Project On
ldquoONLINE PAYMENTSE-CASH amp SAFEGUARDSrdquo
After Going Through The Report We Wish To
Record Our Satisfaction amp Commend To MR
ABHISHEK KUMAR VERMA For The Effort Put
In By Their In This Exercise
3
SUBMITTED BY ABHISHEK KUMAR VERMA UNDER THE GUIDANCE OF MISS SONALI JAIN (ITT FACULTY)
Submitted In Partial Fulfillment For The IT Training Conducted By
Bikaner Branch Of ICAI For The Course Of IPCCBATCH NO BIKANER-1114IT-05
REG NO BKN2014-15075
ONLINE PAYMENTS E-CASH amp SAFEGUARDS
4
While coming on acknowledgement it seems to me closing oflong chapter of reminiscences which bloomed and gloomed at BRANCHCHAIRMEN BIKANER BRANCH OF CIRC OFICAI BIKANER
This is my proud privilege to express my sincere and deepsense of gratitude my faculty member Ms SONALI JAIN for inspirationguidance persistent involvement scholarly suggestion and constructive criticalsupervision throughout the pursuit of present study
And finally many thanks to all those friends who keptcompany and who directly or indirectly helped me in the completing of thisproject work
ABHISHEK KUMAR VERMA
5
6
INDEX
Contents
1 Introduction
2 Requirements of Online payments
3 TypesModes of E-Payments
4 Advantages and Limitations
5 Security
6 conclusion
Sr no
7-8
9-11
12-25
26-28
29-30
31-32
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull To transfer money over the Internet
7Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
8
bull Methods of traditional payment
Cheques letter of credit and cash
bull Methods of electronic payment
bull Electronic cash
bull software wallets
bull smart cards and
bull creditdebit cards
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
SUBMITTED BY ABHISHEK KUMAR VERMA UNDER THE GUIDANCE OF MISS SONALI JAIN (ITT FACULTY)
Submitted In Partial Fulfillment For The IT Training Conducted By
Bikaner Branch Of ICAI For The Course Of IPCCBATCH NO BIKANER-1114IT-05
REG NO BKN2014-15075
ONLINE PAYMENTS E-CASH amp SAFEGUARDS
4
While coming on acknowledgement it seems to me closing oflong chapter of reminiscences which bloomed and gloomed at BRANCHCHAIRMEN BIKANER BRANCH OF CIRC OFICAI BIKANER
This is my proud privilege to express my sincere and deepsense of gratitude my faculty member Ms SONALI JAIN for inspirationguidance persistent involvement scholarly suggestion and constructive criticalsupervision throughout the pursuit of present study
And finally many thanks to all those friends who keptcompany and who directly or indirectly helped me in the completing of thisproject work
ABHISHEK KUMAR VERMA
5
6
INDEX
Contents
1 Introduction
2 Requirements of Online payments
3 TypesModes of E-Payments
4 Advantages and Limitations
5 Security
6 conclusion
Sr no
7-8
9-11
12-25
26-28
29-30
31-32
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull To transfer money over the Internet
7Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
8
bull Methods of traditional payment
Cheques letter of credit and cash
bull Methods of electronic payment
bull Electronic cash
bull software wallets
bull smart cards and
bull creditdebit cards
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
While coming on acknowledgement it seems to me closing oflong chapter of reminiscences which bloomed and gloomed at BRANCHCHAIRMEN BIKANER BRANCH OF CIRC OFICAI BIKANER
This is my proud privilege to express my sincere and deepsense of gratitude my faculty member Ms SONALI JAIN for inspirationguidance persistent involvement scholarly suggestion and constructive criticalsupervision throughout the pursuit of present study
And finally many thanks to all those friends who keptcompany and who directly or indirectly helped me in the completing of thisproject work
ABHISHEK KUMAR VERMA
5
6
INDEX
Contents
1 Introduction
2 Requirements of Online payments
3 TypesModes of E-Payments
4 Advantages and Limitations
5 Security
6 conclusion
Sr no
7-8
9-11
12-25
26-28
29-30
31-32
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull To transfer money over the Internet
7Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
8
bull Methods of traditional payment
Cheques letter of credit and cash
bull Methods of electronic payment
bull Electronic cash
bull software wallets
bull smart cards and
bull creditdebit cards
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
6
INDEX
Contents
1 Introduction
2 Requirements of Online payments
3 TypesModes of E-Payments
4 Advantages and Limitations
5 Security
6 conclusion
Sr no
7-8
9-11
12-25
26-28
29-30
31-32
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull To transfer money over the Internet
7Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
8
bull Methods of traditional payment
Cheques letter of credit and cash
bull Methods of electronic payment
bull Electronic cash
bull software wallets
bull smart cards and
bull creditdebit cards
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull To transfer money over the Internet
7Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
8
bull Methods of traditional payment
Cheques letter of credit and cash
bull Methods of electronic payment
bull Electronic cash
bull software wallets
bull smart cards and
bull creditdebit cards
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
8
bull Methods of traditional payment
Cheques letter of credit and cash
bull Methods of electronic payment
bull Electronic cash
bull software wallets
bull smart cards and
bull creditdebit cards
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Atomicity
ndash Money is not lost or created during a transfer
bull Good atomicity
ndash Money and good are exchanged atomically
bull Non-repudiation
ndash No party can deny its role in the transaction
9Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull For making online payments we need
bull A merchant account
bull An account with the service provider
bull A button such as Buy Join on the webpage so as to initiate the transaction
10Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
11Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull E-cash
bull Electronic wallets
bull Smart card
bull Credit card
12Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
13Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bullElectronic money is paperless cash This money is either
stored on a card itself or in an account associated with the cardbullThe most common examples are transit cards meal plans and PayPal E-Cash can also mean any kind of electronic payment
bullElectronic payment systems come in many forms including virtual cheques ATM cards credit cards and stored value cards The usual security features for such systems are privacy authenticity and no repudiation
Submitted By - ABHISHEK KUMAR VERMAITT REG NO - BKN2014-15075 14
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Past and Present E-cash Systems
bull Cyber Cash
bull Cyber Coins
bull DigiCash
bull CoinNet
15Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
This is a simple model of E-cash payment system This gives us the idea of how e-cash payment system works
16Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Conceptual Framework
There are four major components in an electronic cash system
bull Issuers
bull Customers
bull Merchants or traders
bull Regulators
bull Issuers can be banks or non-bank institutions
bull Customers are referred to users who spend E-Cash
bull Merchants and traders are vendors who receive E-Cash
bull Regulators are defined as related authorities or state tax agencies
17Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Desirable Properties of Digital Money
bull Universally accepted
bull Transferable electronically
bull Divisible
bull Private (no one except parties know the amount)
bull Anonymous (no one can identify the payer)
No known system satisfies all
18Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
E-cash ConceptMerchant
Consumer
Bank
1
2
3
4
5
1 Consumer buys e-cash from Bank
2 Bank sends e-cash bits to consumer (after
charging that amount plus fee)
3 Consumer sends e-cash to merchant
4 Merchant checks with Bank that e-cash
is valid (check for forgery or fraud)
5 Bank verifies that e-cash is valid
6 Parties complete transaction eg merchant
present e-cash to issuing back for deposit
once goods or services are delivered
19Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Stores credit card electronic cash owner identification and address
ndash Makes shopping easier and more efficient
bull Eliminates need to repeatedly enter identifying information into forms to purchase
bull Works in many different stores to speed checkout
ndash Amazoncom one of the first online merchants to eliminate repeat form-filling for purchases
20Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Plastic card containing an embedded microchip
bull Available for over 10 years
bull So far not successful in US but popular in Europe Australia and Japan
bull Smart cards gradually reappearing in US
21Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Credit card
bull Used for the majority of Internet purchases
bull Has a preset spending limit
bull Currently most convenient method
bull Most expensive e-payment mechanism
bull MasterCard $029 + 2 of transaction value
bull Disadvantages
bull Does not work for small amount (too expensive)
22Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull A debit card is a plastic card which provides an alternative payment method to cash when making purchases Physically the card is an ISO 7810 card like a credit card
bull Depending on the store or merchant the customer may swipe or insert their card into the terminal or they may hand it to the merchant who will do so
23Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
24Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
Credit card Debit card
bull You can obtain credit in credit card but not in debit card
bull Credit card charges interest for using the banks money (debit card is free from this problem)
25Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull We can transfer funds purchase stocks and offer a variety of other services without having to handle physical cash or cheques
bull Electronic cash protects its user against theft With electronic cash the customer does not need to provide financial information
bull E-cash supports small payments Other online payment system charge a fee for every transaction no matter how much high or low it is but e-cash has a specific limit for additional charges thatrsquos why very low payments are not charged a fee
26Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
27Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull More efficient eventually meaning lower prices
bull Lower transaction costs
bull Anybody can use it unlike credit cards and does not require special authorization
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Maybe how much secure the e-cash payment system is but still no one is safe against the online frauds In this case the trader is referred as fraudulent The trader may take the amount but may not provide the services
bull While making the payment its very important that the internet connection and power
supply should be active If the payment is in process and internet supply fails in between it can lead to loss of information ie amount will be charged but it wont reach to trader and the refund takes very long time in general the refund time is atleast 30-45 days
bull E-Cash is not for everyone Low income segments without computer and internet access are unable to enjoy the usage of E-Cash
bull Susceptible to forgery
28Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security is of extreme importance while handling the online
transactions Faith in the security of the medium of exchange whether
paper or digital is essential for the economy to function
bull E-cash is much secure than other online payment modes because in this case no credential such as card-passwords or anything such is involved Its like simply the online fund transfer from customerrsquos account to traderrsquos account
bull However while accessing the customerrsquos account the customer must keep in mind the internet security sweep or theft The online hacking and cracking can be avoided by using SSL and TSL website security systems and keeping the website link with safe ldquoHttps ldquo protocols and proper internet security softwares to keep aside the threats of malware evasdrooping and other security threats
29Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull Security must be provided for customer transaction
bull Secure Sockets Layer (SSL) technology provides encrypted transmission of data between customer and a secure server
30Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
bull The rise of E-Cash is inevitable but further improvements are needed bull Tackling security anonymity low income group readiness and technology reliability issues will make E-Cash more perfectbull In countries such as India where people were hesitant to use such methods has shown a tremendous use of online payments and E-cash payment system
31Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
32
Bibliography
Miss sonali jain
WWWSlidesharecom
WWWPowershowcom
Self efforts
Submitted By - ABHISHEK KUMAR VERMA ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075
33Submitted By - ABHISHEK KUMAR VERMA
ITT REG NO - BKN2014-15075