Chapter 4 provides knowledge of online monetary transactions. This chapter includes contents: Credit-card transactions, online credit-card fraud, digital currency, e-wallets, alternate consumer payment options, peer-to-peer payment, smart cards, business-to-business (B2B) transactions, e-billing, developing payment standards. | Chapter 4, Online Monetary Transactions Outline Introduction Credit-Card Transactions Anatomy of a Credit-Card Transaction Credit-Card Transaction Enablers Online Credit-Card Fraud Digital Currency E-Wallets Alternate Consumer Payment Options Peer-To-Peer Payment Smart Cards Micropayments Business-To-Business (B2B) Transactions E-Billing Developing Payment Standards Introduction Secure electronic funds transfer is crucial to e-commerce Examination of how individuals and organizations conduct monetary transactions on the Internet Credit-card transactions, digital cash and e-wallets, smart cards, micropayments and electronic bill presentment and payment Electronic-payment enablers Credit-Card Transactions Popular form of payment for online purchases Resistance due to security concerns Many cards offer capabilities for online and offline purchases Prodigy Internet Mastercard American Express Blue American Express: Enabling Secure Payments on the Web Small business transactions Blue for Business Blue allows business owners to carry a balance and conduct secure online and offline transactions American Express Purchase Protection Program Protects buyers against damaged goods Buyers Assurance Plan Offers an extended warranty on purchases made with the Blue card Online WalletSM ExpressFormSM AutobuySM American Express: Enabling Secure Payments on the Web Private Payments Provides a unique account number for each individual purchase American Express @ WorkSM Facilitates larger corporations with enhanced integration technologies Online Program Management Allows corporations to manage the corporate accounts of a large number of employees Anatomy of an Online Credit-Card Transaction To accept credit-card payments, a merchant must have a merchant account Traditional merchant accounts accept only POS (point-of-sale) transactions Transactions that occur when you present your credit card at a . | Chapter 4, Online Monetary Transactions Outline Introduction Credit-Card Transactions Anatomy of a Credit-Card Transaction Credit-Card Transaction Enablers Online Credit-Card Fraud Digital Currency E-Wallets Alternate Consumer Payment Options Peer-To-Peer Payment Smart Cards Micropayments Business-To-Business (B2B) Transactions E-Billing Developing Payment Standards Introduction Secure electronic funds transfer is crucial to e-commerce Examination of how individuals and organizations conduct monetary transactions on the Internet Credit-card transactions, digital cash and e-wallets, smart cards, micropayments and electronic bill presentment and payment Electronic-payment enablers Credit-Card Transactions Popular form of payment for online purchases Resistance due to security concerns Many cards offer capabilities for online and offline purchases Prodigy Internet Mastercard American Express Blue American .
