Task1. On-line payment providers have started playing a big role in today’s payment system, particularly, when Internet offers new business opportunities, making E-payment very convenient. Hence, accepting electronic payments have become very essential to modern businesses.
Question1. Mention and explain the role of the different parties involved in any e-payment method.
Question2. Outline five factors (characteristics) which determine the acceptance of an e-payment method.
Question3. Explain the term micropayments. Why are they suitable for e-cash payment as compared to credit card payment?
Question4. Illustrate the term e-check.
Question5. Using the Authorize.net portal as an example, explain the steps in processing of e-checks over Internet.
Question6. Provide two benefits of e-checks.