Perfect Computer Notes

Difference Between Debit Card and Credit Card:         Debit Card Credit Card 1.       Debit card id equal to your account value. 2.       It is an Asset 3.     To use a debit card customer should have      sufficient balance in his / her bank account.   4.       It is like a Prepaid system 5.      You cannot buy an item with price higher then your balance. 1.     When you use Credit Card. You are Actually borrowing money from bank/financial institution 2.      It is Liability 3.      To use a Credit card customer may not have sufficient balance. 4.      It is like a Postpaid system 5.     You can buy an item with price higher then your bank balance (upto your credit limit.) Basics of eCommerce Definition and History of ECommerce Role of E-Commerce in Daily Life Classification of e-Commerce Applications Difference Between Electronic Market and IOS Types Of e-Comm

Credit Card The Credit Card is plastic credit card with a magnetic strip issued by a bank or financial institution. Holders of a valid credit card have the authorization to purchase goods and services up to a predetermined amount, called a credit limit. Explain Advantages and Disadvantages of Credit Cards The vendor receives essential credit card information from the cardholder, the bank issuing the card actually repays the vendor, and eventually the cardholder repays the bank through regular monthly payments. If the entire balance is not paid in full, the credit card issuer can legally charge interest fees on the unpaid portion. Benefits of Credit Cards to customers 1.  Convenience The main benefit to each customer is convenience as carrying a credit card eliminates the need to carry any cash for most purposes. 2. Credit card allows small short-term loans Compared to debit cards and checks, a credit card allows small short-term loans to be quickly made to a custom

What are the popular e-payment systems? Explain. Explain Different Types of Popular e-Payment Systems The following are the most popular e-payment systems 1) Credit Card 2) Debit card 3) EFT 4) Stored value cards and e-cash 5) e-checks 1: Credit Card   What are different types of e-payment systems in e-commerce The Credit Card is plastic credit card with a magnetic strip issued by a bank or financial institution. Holders of a valid credit card have the authorization to purchase goods and services up to a predetermined amount, called a credit limit. The vendor receives essential credit card information from the cardholder, the bank issuing the card actually repays the vendor, and eventually the cardholder repays the bank through regular monthly payments. If the entire balance is not paid in full, the credit card issuer can legally charge interest fees on the unpaid portion. 2: Debit Card: A debit card is a plastic card issued by banks to customers.

Electronic Credit Card System on Internet Credit cards are the most popular E-Payment method. The Credit Card is plastic credit card with a magnetic strip issued by a bank or financial institution. Holders of a valid credit card have the authorization to purchase goods and services up to a predetermined amount, called a credit limit. There are the following 5 entities involved in Credit Card System as follows: Entities Involved in Credit Card Payment System 1. Card Holders. 2. Merchants 3. Card Issuer (Bank / financial institution for Card Holder) 4. Acquirer (Bank / financial institution for Merchant) 5. Card Brand (Company - Master, Visa card) Process of using Credit Card 1. Issue a Credit card to potential card holder. 2. A person requests to an issuing bank for Credit Card. The bank approves or denies the application. If approved a plastic card is delivered to the customer by mail. The card holder calls the bank to activate the card. 3. Card holder shows ca

Types/Categories/Modes of e-commerce. There are three main types of e-commerce as follows: 1) Business To Consumer (B2C) B2C ecommerce consists of selling goods and services to individual consumers. In this type, consumers or customers can visit the website and purchase goods online. The website will have a StoreFront. This storefront will show product details, pictures and a shopping cart. Shopping cart is used to collect items to purchase. Advantages of B2C e-commerce B2C e-commerce has the following advantages: * Shopping can be faster and more convenient. * Offerings and prices can change instantaneously. * Broadband telecommunications will enhance the buying experience. 2) Business To Business (B2B) B2B e-commerce takes place between two businesses. One business provides services to other business. Examples of B2B include: Online Advertisement, recruiting, sales, marketing, technical support and training. For eample, some companies provide online purchasing

IOS E-Market 1 IOS may use private or publicly accessible network. E-Market may use publicly accessible network. 2 Customer supplier relationship is determined in advance. It is expected that it is ongoing relationship for multiple transaction. Two types of relationship (i) Customer to seller linkage is established at time of transaction for one time only.  (ii) Customer seller linkage is established for a fixed time period. 3 Agreements on nature and format of business document. Sellers market maker determine which transaction they will provide. 4 Advance arrangements are made so that both parties know which communication network will be used for system Customer and seller independently determine which communication network they will use. 5 Joint guidelines are formulated so that each party will know how system is used. No joint guideline are for

Electronic Market: is a place where online shoppers and buyers meet. E-market handles business transaction including bank-to-bank money transfer also.  In e-market, the business center is not a physical building.  But it is a network-based location where business activities occur.  In e-market, the participants like buyers, sellers and transaction handler are not only one different locations but even they do not know each other. Inter Organizational Information System (IOS): An IOS is a unified system with several business partners.  A typical IOS will include a company and its supplier and customers.  Through IOS buyers and sellers arrange routine business transactions.  Information is exchanged over communication network using specific formats.  So, There is no need for telephone calls, papers, documents or correspondence TYPES OF IOS 1)     EDI(Electronic Data Interchange):  It provide secure B2B connection over value added network(Van’s) 2)      Extranet: which provid