Analysis of Electronic

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Date Submitted: 02/17/2013 04:22 PM

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There are many different kinds of e-commerce in a number of categories. The most common categories are consumer-to-consumer, business-to-business, business-to-consumer, and M-commerce. C2C is when consumers sell things directly to another consumer. B2B is a business selling goods or services to another business. B2C is when a business sells to an individual buyer. M-commerce is when a purchase is made with a hand-held device. Several different kinds of electronic payment systems are in common usage. Some of these electronic payment systems are: credit card payment systems, micropayment systems, a digital wallet, cellphones, digital checking systems, accumulated balance digital payment systems (ABDPS), and systems for digital checking. A credit card holder sends information to the merchant and the processing banks, protected by the payment processing systems. Master Card or Visa are two kinds of credit cards. A digital wallet keeps credit card information stored and safe when it is used. Google checkout uses a digital wallet system. Purchases under $10 can use a micro payment system. For example, a micro payment can be used to pay for a single downloaded song, which is too small for a credit card purchase. With ABDPS, a consumer takes one balance through internet shopping that they will later pay for by credit card or phone.Onetimefax.com uses this kind of system. A digital checking system lets a consumer pay for goods and services on the internet with a check. I most often use a digital wallet account to make purchases online. I find it to be an easy and convenient way to make purchases regardless of where I am, and I do not have to search for my wallet. Electronic billing presentment and payment systems are used by most of the companies that I interact with most often. All but a few of my bills are delivered to me electronically, and when received I simply remit payment with the information saved by the payment system.