Electronic Payment Systems And Its Implications On Electronic Commerce

Electronic payment and the encryption of sensitive financial information have proven to be an area where improved technology has required to be present. Electronic payments involve convenience for consumers to make purchases and pay bills online. However, the need to continually improve the technology required to secure these systems must be constantly enhanced.

The following questions have been addressed in this article:

What about the security risks of using digital money for electronic payment?
What are the consumer needs involved that should be considered in the use of electronic payment systems?
What are merchant needs involved in developing an electronic payment system?

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