Get premium membership and access questions with answers, video lessons as well as revision papers.
A payment system (also known as payment mechanism) refers to a financial system that creates a means by which money is transferred between suppliers and users of funds, usually by exchanging credits or debits among financial institutions. Payment systems can either be paper based e.g. drafts & checks or electronic based e.g. Automated Clearing House debits & credits. There are five main types of payment systems, namely; cash, checking transfer, credit cards, stored value and accumulating balance.
Kavungya answered the question on May 9, 2019 at 12:50
- List the differences between Client-side and Server-side Scripts(Solved)
List the differences between Client-side and Server-side Scripts
Date posted: May 9, 2019. Answers (1)
- Give the disadvantages of Server-Side Programming/Scripting.(Solved)
Give the disadvantages of Server-Side Programming/Scripting.
Date posted: May 9, 2019. Answers (1)
- Give the Advantages of Server-Side Programming/Scripting.(Solved)
Give the Advantages of Server-Side Programming/Scripting.
Date posted: May 9, 2019. Answers (1)
- Describe how to implement a simple shopping cart application.(Solved)
Describe how to implement a simple shopping cart application.
Date posted: May 9, 2019. Answers (1)
- Describe the Principles for designing the information architecture of the shopping cart and checkout processes.(Solved)
Describe the Principles for designing the information architecture of the shopping cart and checkout processes.
Date posted: May 9, 2019. Answers (1)
- Describe the Shopping cart fundamentals.(Solved)
Describe the Shopping cart fundamentals.
Date posted: May 9, 2019. Answers (1)
- Describe the Presentation Services Layer.(Solved)
Describe the Presentation Services Layer.
Date posted: May 9, 2019. Answers (1)
- Describe the Business Services Layer.(Solved)
Describe the Business Services Layer.
Date posted: May 9, 2019. Answers (1)
- Describe Data Services Layer.(Solved)
Describe Data Services Layer.
Date posted: May 9, 2019. Answers (1)
- Describe three tier (layer) architecture for E commerce.(Solved)
Describe three tier (layer) architecture for E commerce.
Date posted: May 9, 2019. Answers (1)
- Explain the Technologies used to implement the components of a website.(Solved)
Explain the Technologies used to implement the components of a website.
Date posted: May 9, 2019. Answers (1)
- Explain the Components of a well-functioning commercial website.(Solved)
Explain the Components of a well-functioning commercial website.
Date posted: May 9, 2019. Answers (1)
- Define Commercial Websites.(Solved)
Define Commercial Websites.
Date posted: May 9, 2019. Answers (1)
- State the roles of Software Agents in B2B EC.(Solved)
State the roles of Software Agents in B2B EC.
Date posted: May 9, 2019. Answers (1)
- Outline the role of XML in B2B Integration.(Solved)
Outline the role of XML in B2B Integration.
Date posted: May 9, 2019. Answers (1)
- Describe Extranet and EDI.(Solved)
Describe Extranet and EDI.
Date posted: May 9, 2019. Answers (1)
- Outline the Infrastructure for B2B.(Solved)
Outline the Infrastructure for B2B.
Date posted: May 9, 2019. Answers (1)
- List the barriers to E-Commerce.(Solved)
List the barriers to E-Commerce.
Date posted: May 9, 2019. Answers (1)
- Explain The Basic B2B Transaction Types.(Solved)
Explain The Basic B2B Transaction Types.
Date posted: May 9, 2019. Answers (1)
- Outline the concepts, characteristics, and models of b2b EC(Solved)
Outline the concepts, characteristics, and models of b2b EC
Date posted: May 9, 2019. Answers (1)