Your Transactions I kept track of how many payments I make by cash, credit card, or check for a period of 7 days and I found out that the major part of my transactions is conducted using the Internet payment gateways. For example, I made 4 payments using my credit card, and more than 15 payments using the internet. No check payments were conducted at all. Lets give an explanation to this fact. I work as a programmer and considerable part of my day I spend at home near my computer. Sometimes I do not have time enough to go out and to buy something. In this case self-service is a perfect way out for those who are not able to spend time standing in a queue.
New technologies and popularity of dot-com business give me a perfect possibility to settle down all my payments without the necessity to waste my time. I wasnt surprised by the results of my investigation, because I do consider internet transactions to be safe and reliable. Although some people claim that internet transactions are not safe, I can tell that I feel completely protected from undesirable infringement of my internet credit card. It is generally accepted that pin-code is the most reliable method to protect transactions. Pin-code is used for identification of card-holder by the bank that issued the card. Such system is used when you want to receive the money using cash machine.
The Term Paper on Internet Micropayments Credit Card
... the effects of shipping and handling charges as well as credit card transaction charges on gross profit contrasted against limited distribution expenses.Table Before ... up micropayment scheme for Internet. The Gazette (Montreal).Business, pg. E 3. Jackson, Time. Dawn of micro-payments era. Financial Times (London). Marketing / Advertising / Media, ...
The same system is successfully implemented for internet transactions, because the reliable internet websites require additional pin-code. Besides, my bank provides its customers with high level of online safety. When I enter my login and password together with credit card number and pin-code, there is a risk that somebody can steal my information and use my card. My bank suspends the payment until he gets confirmation that card-holder was identified successfully. In case the transaction is fraud, the bank charges money back and the customer dont loose his money. Web-based payment is very easy. You only have to open Favorites or to type web-address of payment gateway system or the shop and thats it.
All other problems will be solved by your bank. You choose the item from internet-shop, fill in the form, and indicate your address, contact phone and other necessary details. At a last step you proceed with payment. Save time and enjoy! Besides, I especially like the system of internet-banking provided by my bank. Such remote client-bank system allows me entering my bank account 24/7. When I go abroad, I can enter it from any internet-cafe. The bank provides me with possibility to conduct cashless interbank and bank transactions.
I can pay invoices, public utilities bills, buy and sell currency, etc. Besides, there is a possibility to put the money to deposit account, to receive instant statement of accounts and use other services. One of the most important things is bank commission. Usually I do not spend much money in supermarkets and other shops. The average amount is quite small. Some of my bills reach no astronomic values and in case I have to pay them using standard bank service, I have to pay considerable bank commission and sometimes bank commission can exceed the amount of the bill. Although in the majority of cases bank commission is not high, dozens of bills result in significant bank commission.
Due to this reason I prefer conducting micro-transactions using internet client-bank system. As far as bank has no need to issue much paper invoices, and other documents related to my bills, the bank commission is miserable. Actually, I do not consider that conducting transactions in internet is dangerous. The main rule is to make payments when and where you feel most secure..
The Term Paper on Bank Accounting Information System And Electronic Banking
Introduction Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage ( ...
