Electronic Checks And Their Use In The Electronic Payment Mechanism

Electronic payment systems have been used extensively in the increasing use of Electronic Commerce. As a result, electronic payment and the encryption of sensitive financial information have established to be an area where improved technology has required being present. Electronic checks have provided a means to allow consumers to be able to interact with billers which include merchants. The electronic forum has provided an easier means to complete these types of transactions

The following questions have been addressed in this article:

What benefits exist for the use of electronic checks for electronic commerce?
How does the electronic check system function?
How can the consumers’ needs be reconciled with the needs of the merchants in developing an electronic check system?
What are the business models of the Electronic Bills Present and Payment (EBPP)?

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