Question:
a) List and describe the role of the different parties involved in any e-payment system.
b) Outline five factors (characteristics) that determine the acceptance of an electronic payment method.
c) Outline the main differences between a debit card, credit card and a charge card.
d) Explain the concept behind electronic check and what are the benefits of using an e-check rather than going for the normal paper-based check?
e) Describe abouit micropayments. Why are they suitable for e-cash payment as compared to credit card payment?