Chapter 4. Payments, Credit and Invoicing

  1. Mark Norris1 and
  2. Steve West2

Published Online: 5 OCT 2001

DOI: 10.1002/0470841508.ch4

eBusiness Essentials: Technology and Network Requirements for Mobile and Online Markets, Second Edition

eBusiness Essentials: Technology and Network Requirements for Mobile and Online Markets, Second Edition

How to Cite

Norris, M. and West, S. (2001) Payments, Credit and Invoicing, in eBusiness Essentials: Technology and Network Requirements for Mobile and Online Markets, Second Edition, John Wiley & Sons, Ltd, Chichester, UK. doi: 10.1002/0470841508.ch4

Author Information

  1. 1

    Norwest Communications, UK

  2. 2

    BT, UK

Publication History

  1. Published Online: 5 OCT 2001

Book Series:

  1. Wiley–BT Series

ISBN Information

Print ISBN: 9780471521839

Online ISBN: 9780470841501

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Keywords:

  • main industry players;
  • credit card payment;
  • debit card payment;
  • electronic cash;
  • credit accounts;
  • electronic cheques;
  • SET;
  • electronic funds transfer;
  • electronic banking;
  • security

Summary

The technologies for electronic payments have advanced to the stage of being mature and well understood. Many companies are now offering solutions, predominantly based on card schemes, into the marketplace. At the same time that technology is enabling online payments, user suspicion is subsiding. The general awareness of the security available on the Internet means that reticence to key-in credit card details over the Internet is waning.

This chapter has set out the main options for paying for goods and services over the Internet, and has examined, in some detail, the technical basis for each one. The key components of online payment systems, such as SET, as examined in detail and the operation of established instances, such as SWIFT, are described.