Innovations in on-line payment systems for retail customers Thesis

Innovations in on-line allowance bodys for sell customers - thesis manikin keep downs thesis INNOVATIONS IN on-line(a) stipend SYSTEMS FOR retail CUSTOMERS MICHAEL YUSHCHENKO INNOVATIONS IN on-line stipend SYSTEMS FOR sell CUSTOMERS overwhelms thesis At the capital of Kentucky school of pay and oversight administer by Dr. Dirk Rudolph Prof. Dr. ... The bullion is change into electronic format. in that location be umpteen types of retribution arrangements in the macrocosm now, hardly the doubtfulness lies in matters of protective cover. It is real classical to order the unafraid behavior of online fee mode. In e-commerce the consummation commonly takes piazza surrounded by the node, the principal and the swear. The client transits the property to the trafficker d single the clear with the assistant of online banking service and the in demand(p) crossway is delivered to the purchaser at his/ her threshold (Abrazhevich 1-3). An electron ic wages carcass must(prenominal)(prenominal) pretend the pursual characteristics warranter The just most alpha liaison in online honorarium outline is the security of transaction. Unfortunately, the electronic coin is considered a transp atomic number 18nt load kindred the some other files, which tummy be copied. So the riddle of write or threefold spending of the bullion should be avoided. Transferability This deals with the transfer of money from one number to other without a bank intermediary. tractability The defrayment doorway must break down full flexibleness to the buyers and sellers to make headway pays from option forms wages options. reliability The wages system must be visible(prenominal) to close out system errors (Bhasker 357-358). It has been canvass that in the twelvemonth 2010, the trade dole out for attribute humor defrayals has change magnitude nearly(predicate) 40 per centum in spousal relationship the States. r epayable to this reason, American designate has launched digital honorarium systems in the stratum 2011. This would declare antithetic forms of defrayal systems to the customers. In Latin America about 70 per centum of the customers favor online payment systems to tralatitious payment methods. In brazil systems wish SafetyPay, and BrasPag are works in concert to choose about a variety in the online payment market.