Electronic money, also known as e-money, electronic cash, e-currency or digital cash, refers to money or scrip which is exchanged electronically. Basically, electronic payment systems are key enablers for mass acceptance of electronic commerce over insecure systems such as the Internet. In Business-to-Business (B-2-B) e-commerce, there is a...

Customer service is made up of many different components and it's not only with the quality of the product, the speed of the service and so on that makes a company; it's also with having a mobile payment processing system like an online payment system. Through these things you can also provide convenience for your customer. You only have to take a...

Internet shopping is the in-thing today. People buy everything from books to mobile phones on the Internet. The most common method of paying is using a debit or credit card. The evolution of payment systems started with the Barter System which saw the exchange of goods. For example, people with a bag of rice exchanged it to a sack of potato. With...

The Bank for International Settlements definition of a payment system states; "A payment system consists of a set of instruments, banking procedures and, typically, interbank funds transfer systems that ensure the circulation of money" (From "A glossary of terms used in payments and settlement systems", Committee on Payment & Settlement...

What is a payment system? I am reminded of lengthy debates around the office on just this question - and the heated and, at times, passionate discussion that ensued. My antagonist, who is also my partner, took one view and I took the other. The thrust and parry of the dialogue ebbed and flowed... long into the night over innumerable cups of coffee.