Analysis of electronic payment Essay

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Analysis of Electronic Payment Systems
July 12, 2012
IT/205
Chin-Hun Yi

Today using the Internet with E-commerce has created ways that businesses can relate to customers, investors and suppliers. The Internet offers channels and relationships among distributors, manufactures, wholesalers and end-users. The traditional distribution structure and methods are now challenged with a company’s success or in some cases with no success. The following are five types of e-commerce; the first is business-to-business (B2B) eighty percent of e-commerce is business between companies. An example of this would be Intel microprocessor selling to Dell or Hewlett Packard computers. Business-to-consumer (B2C), this is defined as transactions between a business and a customer or the purchasing and receiving of goods through an electronic network; one example is Apple selling me an I-Pad or computer. Business-to-government (B2G) is the third type of e-commerce and this is business between a company and the public sector, this refers to how the government uses the Internet for licensing, public procurement and other government related options. One example would be how business pay their taxes, sell goods and file reports and services to some government agencies. The fourth type is consumer-to-consumer (C2C) this is described as a business transaction between two people. An example of this would be if was selling my lawnmower and my neighbor purchased it. The last type of e-commerce is known as mobile commerce, this is buying and selling through a wireless technology such as a cell phone. One example would be mobile banking. With the change in technology there are many different electronic systems used along with the Internet and banks. Electronic payments are becoming

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