Chapter 4. Payments, Credit and Invoicing
Published Online: 5 OCT 2001
DOI: 10.1002/0470841508.ch4
Copyright © 2001 John Wiley & Sons, Ltd
Book Title
eBusiness Essentials: Technology and Network Requirements for Mobile and Online Markets, Second Edition
Additional Information
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
Publication History
- Published Online: 5 OCT 2001
Book Series:
ISBN Information
Print ISBN: 9780471521839
Online ISBN: 9780470841501
- Summary
- Chapter
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.