Analysis of Electronic Payment Systems: Essentials of Management Information System
Analysis of electronic payment systems Ch. 11 Essentials of Management Information Systems 1. Name and describe various categories of e-commerce.
There are three types mentioned in our reading for this week, but, there are five that I can think of. The three mentioned in our reading this week are business to consumer (B2C), business to business (B2B) and consumer to consumer (C2C). There is also peer to peer (P2P) and M-Commerce.
B2C refers to businesses that sell to consumers online, such as Walmart’s website, Fingerhut, and other’s department stores or online stores. B2B are businesses that sell to other businesses such as wholesale items, equipment, etc. C2C refers to consumers dealing with each other, such as EBay. P2P helps people share files and computer sources without interacting with a central web server. M-Commerce is where consumers interact with each other with a mobile device that could lead to business. 2. Compare and contrast electronic payment systems. What kind do you use most often? Which type is most applicable for organizations you interact with regularly?
There are micropayments, which are designed for payments that are too small for credit card payments, usually under ten dollars. Digital checking enables consumers to use their checking account to shop online. Stored value payment systems allow consumers to make transactions instantly, such as with paypal. Electronic billing allows consu,ers to pay recurring bills online. The one that I have used most often is PayPal and it is the type most applicable for the transactions I interact most often. I do not have a checking account nor do I use credit cards. The only thing I do not like about using PayPal currently is that they have changed some of their policies, which means I must wait a period of time before receiving my money, but, when I make a payment through them it is instant. 3. Explain how internet technology supports business to business e-commerce.
There are three types mentioned in our reading for this week, but, there are five that I can think of. The three mentioned in our reading this week are business to consumer (B2C), business to business (B2B) and consumer to consumer (C2C). There is also peer to peer (P2P) and M-Commerce.
B2C refers to businesses that sell to consumers online, such as Walmart’s website, Fingerhut, and other’s department stores or online stores. B2B are businesses that sell to other businesses such as wholesale items, equipment, etc. C2C refers to consumers dealing with each other, such as EBay. P2P helps people share files and computer sources without interacting with a central web server. M-Commerce is where consumers interact with each other with a mobile device that could lead to business. 2. Compare and contrast electronic payment systems. What kind do you use most often? Which type is most applicable for organizations you interact with regularly?
There are micropayments, which are designed for payments that are too small for credit card payments, usually under ten dollars. Digital checking enables consumers to use their checking account to shop online. Stored value payment systems allow consumers to make transactions instantly, such as with paypal. Electronic billing allows consu,ers to pay recurring bills online. The one that I have used most often is PayPal and it is the type most applicable for the transactions I interact most often. I do not have a checking account nor do I use credit cards. The only thing I do not like about using PayPal currently is that they have changed some of their policies, which means I must wait a period of time before receiving my money, but, when I make a payment through them it is instant. 3. Explain how internet technology supports business to business e-commerce.