INTERNATIONAL RESEARCH JOURNAL OF SCIENCE ENGINEERING AND TECHNOLOGY

( Online- ISSN 2454 -3195 ) New DOI : 10.32804/RJSET

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ROLE OF ONLINE PAYMENT SYSTEM IN E-COMMERCE

    1 Author(s):  DR. RAMESH

Vol -  7, Issue- 2 ,         Page(s) : 112 - 120  (2017 ) DOI : https://doi.org/10.32804/RJSET

Abstract

Issues of trust and acceptance play a more significant role in the e-commerce world than in traditional businesses as far as payment systems are concerned. Traditionally, a customer sees a product, examines it, and then pays for it by cash, check, or credit card. In the e-commerce world, in most cases the customer does not actually see the concrete product at the time of transaction, and the method of payment is performed electronically. EPSs enable a customer to pay for the goods and services online by using integrated hardware and software systems. The main objectives of EPS are to increase efficiency, improve security, and enhance customer convenience and ease of use. Although these systems are in their immaturity, some significant development has been made. There are several methods and tools that can be used to enable EPS implementation.

1. Chakrabarty K.C, “Mobile Commerce, Mobile Banking-The Emerging Paradigm”, India Telecom 2009 Conference.
2. Ghosal Souren, 2010, Mobile Banking for inclusive growth by microfinance institutions.
3. Nair .K.G.K and Prasad P.N 2002, Development through Information Technology in Developing Countries: Experiences from an Indian State, The Electronic Journal of Information Systems in Developing Countries.
4. E-Commerce by Dr. Ramesh.

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