An analysis and comparison of different types of electronic payment systems

Abstract

This paper explores the advantages and limitations of four types of electronic payment systems: namely, the online credit card payment system, the electronic-cash payment system, the electronic-check payment system, and the smart-card-based electronic-cash payment system. Each payment system was assessed from four perspectives: the technological aspect, the economic aspect, the social aspect, and the regulatory aspect. The requirements of merchants and consumers, the appropriate business environments for each of them to function, and the potential for future expandability were analyzed. The findings of this research could be useful for companies who are planning to adopt or to devote R&D into an electronic payment system.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 13 citations exist upstream.