Electronic payment system

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We Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.

In this presentation we will discuss the sources and systems of payments in an e-market. To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html

Formation Économie & finance Business

Receipt of Payments
• These are from three sources :

Retail customers

Wholesale customers

Various miscellaneous payments

Systems recently used
• Value exchange • Electronic funds
systems transfer systems
• Shared terminal • Non- bank networks
systems • Bill payments by
• Credit card systems telephone
• National networks • GIRO transfers
• Automatic deposit of • Point of sale
payrolls & social payments system
security payments

Value Exchange System

consumer Merchant

Local Bank

Processing Bank in
Card issuing Bank credit card system

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Electronic payment system

1. Electronic Payment System

2. Receipt of Payments • These are from three sources : Retail customers Wholesale customers Various miscellaneous payments

3. Systems recently used • Value exchange • Electronic funds systems transfer systems • Shared terminal • Non- bank networks systems • Bill payments by • Credit card systems telephone • National networks • GIRO transfers • Automatic deposit of • Point of sale payrolls & social payments system security payments

4. Value Exchange System consumer Merchant Local Bank Processing Bank in Card issuing Bank credit card system

5. Paperless Bills

6. “Like” us on Facebook: p // / http://www.facebook.com/welearnindia “Follow” us on Twitter: http://twitter.com/WeLearnIndia http://twitter com/WeLearnIndia Watch informative videos on Youtube: http://www.youtube.com/WelingkarDLP

Electronic payment system

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Electronic payment system