Ebusiness

Introduction The method acting of abidements has changed gradually over the centuries, from barter systems to realisation separate. Payment is generally defined as the act of paying(a) or the state of being paid (Inves contributeedia, 2005). In financial terms, payment is a transfer of something of value to compensate for goods or go that have been, or will be, received. Payment screw be do in cash, on credit or by a transfer of ownership of assets (Investopedia, 2005). On the opposite hand, electronic payment refers to making payments electronically, involving the use of computer networks, the meshing and digital stored value systems. Electronic payments can be made through credit post horses, charge cards, debit cards, smart cards and stored-value cards. Electronic payment has made it convenient for the consumers and also for the cumulationinesses as well. Question 1 From the website, identify ONE way to pay/top-up your Ez-link card. Explain briefly how it works. The Ez-Link card is a contactless smart card. Ez-Link card is commonly used in Singapore as a smartcard for paying transportation fees such as the Mass quick Transit (MRT), Light Rail Transit (LRT) and public bus serve. The card also serves other purposes such one of the method payments in Singapore branches of McDonalds franchises and many more.

One of the top up channels provided by the Ez-Link card is available at all 7-Eleven Convenience stores in Singapore, except for the ones in accelerator stations (Ez-Link, 2009). For example, customers can just visit to one of the 7-Eleven stores and orison for a top up for their Ez-Link cards. Question 2 Go to Verisign.com or cybersource.com (choose ONE). Identify the services it provides for the security of e-payments. Prepare a short report on your findings. CyberSource is a merchant services provider that offers electronic payment and risk management technologies and services solutions (CyberSource, 2009). One of the services provided by Cybersource is payment... If you want to get a full essay, order it on our website: Orderessay

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