Chapter 11 Online Payment Systems
by Tharma Linggam
1. Online Payments Methods
1.1. Four ways to purchase items
1.2. Electronic transfer
1.3. Credit and debit cards
1.4. Online payments systems
1.5. Costs per bill
1.6. Significant environmental impact
1.7. Online business payments requirements
1.8. Determine which choices best for company and customers
1.9. Each payment technology
2. Payment Cards
2.1. Payment card
2.2. Credit card
2.3. Debit card
2.4. Charge card
2.5. Prepaid cards
2.6. Single-use cards
3. Advantages and Disadvantages of Payments Cards
3.1. Advantage for merchants
3.2. Advantage for U.S. consumers
3.3. Provide built-in security for merchants
3.4. Cards transaction steps transparent to consumers
3.5. Entities involved in payment card proceses
4. Electronic Cash
4.1. Electronic cash
4.2. Potential market
5. Holding Electronic Cash
5.1. Online cash storage
5.2. Online systems payment
5.3. Offline cash storage
5.4. Main deterrent to double-spending
5.5. Systems must provide tamperproof electronic cash traceable back to origins
5.6. Electronic cash used correctly
6. Digital Wallets
6.1. Consumer concern when shopping online
6.2. Solution
6.3. Digital wallet
7. Hardware-Based Digital Wallets
7.1. Implemented using smart phones
7.2. Status
8. Magnetic Strip Cards
8.1. Holds rechargeable value
8.2. Passive magnetic strip cards cannot
8.3. Processing done in device into which card inserted
9. Internet Technologies and the Banking Industry
9.1. Paper checks
9.2. Other major payments forms
9.3. Banking industry Internet technologies
10. Mobile Banking
10.1. Banks exploring mobile commerce potential
10.2. Future plans
11. Phishing Attacks
11.1. Basic structure
11.2. Recipients enters login name, password
11.3. Spear phishing
11.4. E-mail link disguises and tricks
12. Phishing Attack Countermeasures
12.1. Change protocol
12.2. Education Web site users
12.3. Monitor online chat rooms used by criminals
13. Online Payments Basics
13.1. Online payments
14. Micropayments and Small Payments
14.1. Micropayments
14.2. Micropayments barries
14.3. Companies that have developed micropayment systems
14.4. Small Payments
15. Payments Acceptance and Processing
15.1. Internet payment card process made easier
15.2. United States online stores, mail order stores
15.3. Processing Payments card transaction online
15.4. Open and closed loop systems
15.5. Merchant accounts
15.6. Processing payment card transactions
16. Privacy and Security of Electronic Cash
16.1. Electronic payment method concerns
16.2. Important characteristics of electronic cash
17. Advantages and Disadvantages of Electronic Cash
17.1. Traditional brick-and-mortar billing methods
17.2. Online stores have the same payments collection inefficiencies
17.3. Most online customers use credit cards to pay for purchases
17.4. Electronic cash system
17.5. Advantages of electronic cash transactions
17.6. Disadvantages of electronic cash transactions
17.7. Electronic cash
17.8. KDD Communications ( KCOM )
17.9. Interoperable software
18. Software-Only Digital Wallets
18.1. Server-side digital wallet
18.2. Client-side digital wallet
18.3. Serve-side digital wallet examples
19. Stored-Value Cards
19.1. Microchips smart card or magnetic strip plastic card
20. Smart Cards
20.1. Smart cards
20.2. Credit, debit, charge cards store limited informationon magnetic strip
20.3. Information storage
20.4. Holds private user data
20.5. Safer than conventional credit cards
20.6. Popular in Europe, parts of Asia
20.7. Beginning to appear in United States
20.8. Smarts Card Alliance
21. Check Processing
21.1. Old method of physical check processing
21.2. Banks now provide PDF images of processed checks
21.3. Disadvantage of paper checks
21.4. Technologies helping banks reduce float
21.5. Checks 21-comliant world
22. Criminal Activity and Payment Systems
22.1. Online payments systems
23. Using Phishing Attacks for Identify Theft
23.1. Organized crime
23.2. Identify theft
23.3. Large criminal organiztions
23.4. Two elements in phishing
23.5. Each year
24. Summary
24.1. Online stores: payment forms
24.2. Banks process most monetary transactions
24.3. Concern
