Perfect Computer Notes

What are commonly used units of measuring storage? Bit Bit is a short for Binary Digit. 0 and 1 are the only binary digits. Bit is the smallest unit of measuring storage capacity. A bit can hold a 0 or 1. Byte A combination of 8 bits is called a Byte. A byte can hold one character. 1 Byte = 8 bits Kilobyte (KB) 1024 bytes make one kilo byte. Kilo Byte is denoted by KB. 1 KB = 1024 Bytes Megabyte (MB) 1024 Kilo bytes make one mega byte. Mega Byte is denoted by MB. 1 MB = 1024 KB Gigabyte (GB) 1024 mega bytes make one Giga byte. Giga Byte is denoted by GB.  1 GB = 1024 MB Terabyte (TB) 1024 Giga bytes make one Tera byte. Tera Byte is denoted by TB.  1 TB = 1024 GB Petabyte (PB) 1024 Tera Bytes make one Peta byte. Peta Byte is denoted by PB.  1 PB = 1024 TB Exabyte (EB) 1024 Peta bytes make one Exa byte. Exa Byte is denoted by EB.  1 EB = 1024 PB

What are different security protocols for e-payment security schemes? 1. SSL Protocol (Secure Sockets Layer Protocol) SSL (Secure Sockets Layer) is the standard security protocol for establishing an encrypted link between a web server and a browser. This link ensures that all data passed between the web server and browsers remain private and integral. SSL is used by millions of websites in the protection of their online transactions with their customers. SSL or Secure Sockets Layer is a security protocol created by Netscape that has become an international standard on the Internet for exchanging sensitive information between a website and the client computer. SSL technology is embedded in all popular browsers and engages automatically when the user connects to a web server that is SSL-enabled. It's easy to tell when a server is using SSL security because the address in the URL window of your browser will start with https. The "s" indicates a secure connection.

Explain E-payment Security Schemes Following are the e-payment security schemes 1) Encryption 2) Certificates & Certificates Authority (CA) 3) Digital Signature 4) Digital Envelop 5) Message Digest 6) Transaction Certificates and Time Stamp (1) Encryption Encryption refers to changing a message into unreadable form. Later the encrypted message can be converted into readable form by Decryption. There are two types of Encryption (A) Secret Key Encryption/Private Key Encryption In this scheme, same key called secret key is used by sender and receiver for Encryption (Making message unreadable) & Decryption (Getting original message). Data Encryption Standards (DES) is the most widely used algorithm for secret key/private key encryption scheme. (B) Public Key Cryptography It is Also known as asymmetric Encryption. It uses two different keys (1) Private Key (2) Public Key. The receiver sends his public key to sender. The sender encrypts message with thi

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