question 1a briefly explain the electronic data, Financial Management

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question 1a briefly explain the electronic data

Question 1:

(a) Briefly explain the Electronic Data Interchange (EDI), and list the benefits of EDI.

(b) List and describe the main components of MACSS.

(d) List down the three non-value functions (RTGS) related enquiries that are supported by MACSS participants interface (Web Server).

Question 2:

(a) Define e_check.and list two benefits of e_check.

(b) Using Authorise.net portal as an example, describe the steps how e_check works.

(d) Explain the E_Cash concept, its advantages and disadvantages.

(e) In managing the strategic risk associated with e-banking services, financial institutions should develop clearly defined e-banking objectives by which the institution can evaluate the success of its e-banking strategy. What are the e-banking objectives that should be taken into consideration?

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