Complete Guide to Electronic Payments Process and System
However, the advent of e-banking has left bankers concerned about the future of banks and their organizational structures. To safeguard their future, bankers are now considering developing e-cash, smart cards, and digital money. They also recommend lowering the initial costs of setting up the banking infrastructure. Embedding payment flows within an ERP system streamlines financial […]
What is an Electronic Payment System? Meaning & Examples
As technology continues to advance, we can expect to see the emergence of new types of electronic transactions that further enhance convenience, security, and efficiency in financial transactions. In the mid-1990s, online shopping was a new phenomenon, and security measures were still evolving. Businesses can adopt electronic transactions by using encryption and digital certificates to […]