Study Notes

  Unit 2.  E – PAYMENTS MECHANISMS  Meaning Of E-Payment An electronic payment (e-payment), can be defined as paying for goods or services on the internet or through gateway to pay amount  without using cash or cheques  . It includes all financial operations using electronic devices, such as computers, smartphones or tablets. E-payments can be made in many ways, like credit or debit card payments or bank transfers. The term electronic payment refers to a payment made from one bank account to another using electronic methods An electronic payment is any kind of non-cash payment that doesn't involve a paper check. Methods of electronic payments include credit cards, debit cards and the ACH (Automated Clearing House) network. The ACH system comprises direct deposit, direct debit and electronic checks (e-checks). Importance of E-Payment 1 .Variety of Choice Electronic payment systems allow financial institutions, businesses and the government to offer a variety of p...

Unit 1   E-BUSINESS AND COMPUTERISED ACCOUNTING  Definition of E-Commerce The term electronic commerce (E-commerce) refers to a business model  that allows companies and individuals to buy and sell goods and services over the Internet. E-commerce operates in four major market segments and can be conducted over computers, tablets, smartphones, and other smart devices. History of E-Commerce E-commerce is everywhere.but only few know that it has a history that goes back before the internet began.Almost majority of people might have shopped  something online  at some point, which means we have taken part in E-commerce.  E-commerce dates back to the 1960's when companies used an electronic system called the Electronic Data Interchange to facilitate the transfer of documents. But it was in 1994 that the very first transaction ,which involved the sale of a CD between friends through an online retail website called NetMarket took place. The industry ...