An electronic payment system allows customers to make online payments for purchases. It has gained popularity due to decreasing technology costs and the growth of online commerce. Examples of electronic payment systems include online bill payment, reservations, ordering, and ticket booking. Common methods are e-cash, e-wallets, smart cards, and credit cards, with each having a defined processing workflow between the consumer, merchant and bank.

2. Electronic Payment System
Electronic payment system is a system which
helps the customer or user to make online
payment for their shopping.

3. Requirements for E-Payments
 Decreasing technology cost
 Reduced operational and processing cost
 Increasing online commerce

4. Some Examples of EPS
• Online Reservation
• Online Bill Payment
• Online order placing
• Online ticket booking

5. E-WALLETSE- CASH
SMARTCARDS
CREDIT CARDS

6. E-cash processing
Bank
1
2
3
4
5
Merchant
Consumer

7. E-Wallet
 Decide on an online site where you would like
to shop.
 Download a wallet from the merchant’s
website.
 Fill personal details.
 Click on the buying button when ready to
buy.

8. Smart Card processing

9. Credit card processing

10. Secure Electronic Transaction
 A form of protocol for electronic credit card
payments.
 SET protocol is used to facilitate the secure
transmission of consumer credit card
information.
 Blocks out details of credit card information.

11. SET processing