Electronic Payment System

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We Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.

In this presentation, we will discuss about the aspects of electronic payment system, which are, payment receipts, value exchange system and paperless bills. To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html

Educación Economía y finanzas Empresariales

Receipt of Payments
• These are from three sources :

Retail customers

Wholesale customers

Various miscellaneous payments

Systems recently used
• Value exchange • Electronic funds
systems transfer systems
• Shared terminal • Non- bank networks
systems • Bill payments by
• Credit card systems telephone
• National networks • GIRO transfers
• Automatic deposit of • Point of sale
payrolls & social payments system
security payments

Value Exchange System

consumer Merchant

Local Bank

Processing Bank in
Card issuing Bank credit card system

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Electronic Payment System

1. Electronic Payment System

2. Receipt of Payments • These are from three sources : Retail customers Wholesale customers Various miscellaneous payments

3. Systems recently used • Value exchange • Electronic funds systems transfer systems • Shared terminal • Non- bank networks systems • Bill payments by • Credit card systems telephone • National networks • GIRO transfers • Automatic deposit of • Point of sale payrolls & social payments system security payments

4. Value Exchange System consumer Merchant Local Bank Processing Bank in Card issuing Bank credit card system

5. Paperless Bills

6. “Like” us on Facebook: p // / http://www.facebook.com/welearnindia “Follow” us on Twitter: http://twitter.com/WeLearnIndia http://twitter com/WeLearnIndia Watch informative videos on Youtube: http://www.youtube.com/WelingkarDLP

Electronic Payment System

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Electronic Payment System