With the advance technology that grows from
time to time, e-commerce is developed rapidly to adapt with any current changes
especially when the core business is dealing with payment. Electronic payments can be defined as electronic transactions
where all the parties involve such as manufacturers, consumers, financial institutions
treats electronic tools and other various types of trading cards as a medium in
issuing payment transactions and transferring funds through the network
directly or indirectly.
Electronic payment has
become one of the popular ways in any nowadays business process, where it
replaces the traditional payment systems. The banks will handle all the processes such as fund
transfer and settlement, online currency payments, cash flow, query statistics
etc from customers to financial agency and lastly to consumers.
Comparison
between Online Payment and Traditional Method Payment [2].
The components involve in
e-commerce online payment system [3].
# Parties that essential for
online payments to be possible are consumers, traders, bank of deposit,
merchant acquiring banks, payment gateway, financial private network,
certificate authority center and etc.
Here, the example of the online payment make by owner.
This photo were taken during the buying a process of buying ticket bus (e-ticketing) via cimbclicks
Make a decision of payment option ( http://www.maraliner.com.my/Checking/Ticketing.asp )
Login the bank that you decided to making the online payment (http://www.cimbclicks.com.my/)
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| source : http://www.maraliner.com.my/Main/Main.asp?pageID=002 |
Transaction successful by making online payment system to buying the ticket bus via e-ticketing system
References:
[1]. S.Sumanjeet. “Emergence of Payment System in the Age of
Electronic Commerce: The State of Art”, 2009, pp 1-18.
[2]. Y. He, Y. Shi, A. He, “Research on Online Payment Mode of
E-commerce”, 2010, pp
312-315.
[3]. F.Matthes, J.W.Schmidt, P.Hupe, "E-commerce: Concepts and Technologies", A
Lecture Slides. http:// www.sts.tu-harburg.de/teaching>Ecommerce
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