- The need to record to the establishment in order to be empowered to perform money transactions with them. One needs to have a username and password, moreover, you also need to keep up an account per organization, which can be very irritating or pesky for you.
- To make sure that your online transactions are solid, it is essential that you observe strict security policies. If password is capable of being hacked, it can mean serious fiscal loss for you. Banks or financial institutes that have your financial information can expose it to cyber-terrorist. So, there is unstated risk of your personal and account particulars being stolen.
- The transfer of digital currency arouses questions such as how to impose taxes and the potential ease of money washing. There are also possible macroeconomic results such as exchange rate stabilities and shortage of money supplies.
- Moreover, you are always at a loss if your card is stolen. If the card falls in wrong hands, there is a danger of expenditure of entire bank balance.
Kavungya answered the question on May 9, 2019 at 13:38
- List the Advantages of electronic payment systems.(Solved)
List the Advantages of electronic payment systems.
Date posted: May 9, 2019. Answers (1)
- Outline the steps used to describe the process of electronic checking system.(Solved)
Outline the steps used to describe the process of electronic checking system.
Date posted: May 9, 2019. Answers (1)
- List the disadvantages of Electronic check system.(Solved)
List the disadvantages of Electronic check system.
Date posted: May 9, 2019. Answers (1)
- List the Advantages of Electronic check system.(Solved)
List the Advantages of Electronic check system.
Date posted: May 9, 2019. Answers (1)
- Describe the Electronic Check Payment System:E-Checking.(Solved)
Describe the Electronic Check Payment System:E-Checking.
Date posted: May 9, 2019. Answers (1)
- Describe Global B2B Payments method.(Solved)
Describe Global B2B Payments method.
Date posted: May 9, 2019. Answers (1)
- Describe Person-to-Person Payments method.(Solved)
Describe Person-to-Person Payments method.
Date posted: May 9, 2019. Answers (1)
- Describe the Stored-Value Cards.(Solved)
Describe the Stored-Value Cards.
Date posted: May 9, 2019. Answers (1)
- Describe the E-Cash and Innovative Payment Methods.(Solved)
Describe the E-Cash and Innovative Payment Methods.
Date posted: May 9, 2019. Answers (1)
- Describe the Smart Cards based Electronic Payment System.(Solved)
Describe the Smart Cards based Electronic Payment System.
Date posted: May 9, 2019. Answers (1)
- State the Security risks with credit cards.(Solved)
State the Security risks with credit cards.
Date posted: May 9, 2019. Answers (1)
- Explain the examples of Electronic Cards.(Solved)
Explain the examples of Electronic Cards.
Date posted: May 9, 2019. Answers (1)
- State and explain the Standards for E-Payments.(Solved)
State and explain the Standards for E-Payments.
Date posted: May 9, 2019. Answers (1)
- Outline the Security features for E-Payments.(Solved)
Outline the Security features for E-Payments.
Date posted: May 9, 2019. Answers (1)
- List the Characteristics of successful e-payment methods.(Solved)
List the Characteristics of successful e-payment methods.
Date posted: May 9, 2019. Answers (1)
- Explain how Online Credit Card Payment System works.(Solved)
Explain how Online Credit Card Payment System works.
Date posted: May 9, 2019. Answers (1)
- Describe the Online Credit Card Payment System.(Solved)
Describe the Online Credit Card Payment System.
Date posted: May 9, 2019. Answers (1)
- List the Types of electronic payment systems.(Solved)
List the Types of electronic payment systems.
Date posted: May 9, 2019. Answers (1)
- List the Reasons why Electronic payments increase profitability.(Solved)
List the Reasons why Electronic payments increase profitability.
Date posted: May 9, 2019. Answers (1)
- List reasons why Electronic payments improve customer service(Solved)
List reasons why Electronic payments improve customer service
Date posted: May 9, 2019. Answers (1)