Electronic Payment Checkpoint

Checkpoint

The categories of e-commerce are: Portal, E-Tailer, Current Provider, Transaction Broker, Market Creator, Service Provider, and Community Provider. Portals are site where web visitors land and start their web searches. Portals also offer other information for viewers. E-Tailers are online retail stores. They are similar to traditional retail stores in the products that they sell, but differentiate themselves from traditional stores as well by allowing the customer to connect to a website to make purchases, sell items, or check their inventory. This is opposed to traveling to a traditional store for the same services. Content Providers are sites that provide digital content to viewers. This content can include news, videos, or music. Transaction Brokers are companies that handle transactions, for other companies, that would normally be made over the phone or in person. Market Creators build digital environments where buyers and sellers can meet online and conduct business. Service Providers are companies that provide services as opposed to retail items. Service Providers offer services such as online storage or photo sharing. Community Providers are companies that build digital environment for people with similar interests can meet and exchange ideas, photos, and information

Online Credit Card, Electronic Cheque, Electronic Cash, and Smart Card Based systems. Online Credit Card systems attempt to further the functionality of credit cards by using them as tools to purchase items online. Though this Is widely accepted by many merchants, there are fears shared by both consumers and other sectors of the merchant community. Merchants and customers fear the prospect of entering and leaving their information on multiple sites and the also the possibility of identity theft. Electronic Cheque systems allow people to conduct business by providing a method for paper checks to still be exchanged between consumers and businesses. Some disadvantages are...