1. How Electronic Payment Works
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2. Contents
Introduction
Methods and Types of Electronic Payment
Benefits of Electronic Payment
Concerns About Electronic Payment
How to Set Up E-Payment for Your Business
Electronic Payment Association
Conclusion

3. Introduction
Today, payment options are more convenient.
Electronic payment is very easy to pay.
Because you only input the data about some
information.
And it is no wonder to grow the number of
electronic payment user.
This presentation will explain about electronic
payment.

4. Methods and Types of Electronic
Payment
An electronic payment don't need a paper check.
Credit cards, debit cards and the ACH network are
one of the electronic payments.
And electronic payments have the three main types
of transactions:
1. Customer-to-vendor payment is commonly used
when you buy something at the e-commerce site.
E-check is used instead of a credit card at some e-
commerce site.

5. Methods and Types of Electronic
Payment
2. A recurring customer-to-vender payment of long
term payment is usually used by loan companies
and an insurance companies.
3. When use automatic bank-to-vendor payment,
you permit to transfer your maney for bank.
Almost situation, you can choose whether to do this
manually for each billing cycle, or your bills
automatically paid on the same day each month.

6. Benefits of Electronic Payment
Electronic payment is very simple.
You only need input the data of your username and
password.
And electronic payment is not so high-cost for
businesses.
Because electronic payments don't need paper and
postage.
Electronic payments are used by many people.
That the number of users grew.

7. Conserns About Electronic
Payment
*Problem
concerns over privacy and the posibility of identity
theft.
*Solution
- to use virus protection software and firewall on
your computer.
- to make sure that you send your credit card
information over a secure server.

8. How to Set Up E-Payment for Your
Business
*First, whether to out source your payment solution
or handle it in-house.
- all-in-one solution
Paypal and ProPay services... it's easy for you to
accept credit cards and other forms fo electronic
payment form your site.
*To process payment in-house
- You should set up a secure server.
Secure Socket Layer (SSL) technology... it is used
to encrypt the data.

9. How to Set Up E-Payment for Your
Business
*Finally, you need a system to process credit card
payments and an Internet merchant account with a
bank.
- Online compaines...Credit card payment
processing services are available Verisign.
*Others
- To accept electronic checks from customers.

10. Electronic Payment Association
* The National Automated Clearing House
Association (NACHA)... it has helped increase the
use of e-payments and e-checks.
- Automated Clearing House (ACH)
network...NACHA's 11,000 member banks and
other financial institutions offer direct deposit,
direct debit and e-checks for consumers and
businesses.

11. Electronic Payment Association
* NACHA's role
- Keeping your electronic payments that way is to
develop operating rules and business practices for
the ACH network to make sure it stays efficient,
reliable and secure.
- To offer tools and resources to help its member
institutions facilitate electronic payments.

12. Electronic Payment Association
*NACHAPay It Green group
- develoging tools and resources that show the
environmental benefits of choosing electronic
options over paper.

13. Conclusion
Electronic payments have the three main types of
transaction.
The security is good, and electronic payment
association help us about electronic payments.
So, electronic payment will spread more in the our
life.