Analysis of Electronic Payment Systems Resource: Ch. 9 of Essentials of Management Information Systems
Answer the following questions in 200 to 300 words:
Name and describe various categories of e-commerce. * There are several different E-commerce categories that can include consumer to consumer, business to consumer and business to consumer. Majority of people assume e-commerce is business to consumer category. This is defined as when a company offers a service to a customer, for example buying a CD from the Best Buy website. Business to business e-commerce is the second most sought type of e-commerce. In today day in age a company success is tied into their e-commerce profit. A perfect example of business to business e-commerce is when a contractor buys equipment for another business. Consumer to consumer e-commerce is not a new idea, with company like E-bay and Craig lists people sell their own personal items all the time. E-commerce has really helped people who are trying to sell their personal property by giving them the chance to sell to anyone in the world instead of in their town also helps them get a more fair price.
Compare and contrast electronic payment systems. Which type do you use most often? Which type is most applicable for organizations you interact with regularly? * There are several different types of electronic payment systems offered in today day in age. One of the most popular types of electronic payment is the digital wallet. By a customer using the digital wallet for paying for their online order it help prevent the need to putting in your information multi times and help protect the individual from hackers. You can also have your credit card information automatically saved for your next purchases. Another type of electronic payment is micropayment that is considered to be used for small purchase. An example of a micropayment could be music download or certain articles that cost too little for a conventional credit card. A new form of electronic payment is now