Presentation Of

Electronic Payment System

Presented by
Md Atiqur Rahman (Polash)
Chief Technical Officer(CTO)
Doel e-Services
Web: doelhosting.com
Email: [email protected]
Mobile:01720981682
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 Objective
What is Electronic Payment Systems
Types of electronic payments
Latest trends in EPS
Some Secure EPS Infrastructure
Popular Mobile Banking Payment System
How to Select best EPS

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 What Electronic Payment system is?
Electronic payment system is a system which helps the customer
or user to make online payment for their shopping.
E-payment or Electronic payment is any digital financial
payment transaction involving currency transfer between two
or more parties
To transfer money over the Internet
Methods of traditional payment.
• Check or cash.
Methods of electronic payment.
• Electronic cash, software wallets, smart cards, and credit/debit
cards

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 ELECTRONIC PAYMENT SYSTEM
 Implementation of electronic payment systems is in its infancy
and still evolving.

 Electronic payments are far cheaper than the traditional

method of mailing out paper invoices and then processing
payments received.

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 Some Examples Of EPS
Online reservation
Online bill payment
Online order placing
Online ticket booking

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 Modes of E-Payment
Payment Cards
Electronic Cash
Check free
Check share
Internet Cash
Wallet
Smart Card

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 Two storage methods
On-line
o Individual does not have possession personally of
electronic cash
o Trusted third party, e.g. online bank, holds
customers’ cash accounts
Off-line
o Customer holds cash on smart card or software
wallet
o Fraud and double spending require tamper-proof
encryption

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 E- CASH E-
WALLETS

Types of EPS

SMART CARDS CREDIT

CARDS

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 E-Cash
A system that allows a person to pay for goods
or services by transmitting a number from one
computer/Mobile/Tab to another.
Like the serial numbers on real currency
notes, the E-cash numbers are unique.
This is issued by a bank and represents a
specified sum of real money.
It is anonymous and reusable.

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 E-Cash Security

 Complex cryptographic algorithms prevent double spending

 Serial numbers can allow tracing to prevent money

laundering

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 E-Cash Processing
Merchant 1.Consumer buys e-cash from Bank

2. Bank sends e-cash bits to consumer

5 (after charging that amount plus fee)
4

Bank
3. Consumer sends e-cash to merchant
3

4. Merchant checks with Bank that e-cash

is valid (check for forgery or fraud)
2
1
5. Bank verifies that e-cash is valid

Consumer
6. Parties complete transaction

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 E-Wallet
 The E-wallet is another payment scheme that
operates like a carrier of e-cash and other
information.
 The aim is to give shoppers a single, simple, and
secure way of carrying currency electronically.
 Trust is the basis of the e-wallet as a form of
electronic payment.
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 Procedure for using an e-wallet
 Decide on an online site where you would like to
shop.
 Download a wallet from the merchant’s website.

 Fill out personal information such as your credit card

number, name, address and phone number, and
where merchandise should be shipped.
 When you are ready to buy, click on the wallet
button, the buying process is fully executed.
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 Smart Cards
A smart card, is any pocket-sized card
with embedded integrated circuits which
can process data

This implies that it can receive input which

is processed and delivered as an output

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 Smart card Processing

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 Credit cards

It is a Plastic Card having a Magnetic

Number and code on it.
It has Some fixed amount to spend.
Customer has to repay the spend amount
after sometime.

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 Processing a Credit cards payment

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 Risk in using Credit cards
Operational Risk
Credit Risk
Legal Risk

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 Use of electronic payments

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 Latest trends in EPS
 Growing Smartphone sales, and increasing adoption
of online card payments.
 Hybrid payments combining online and mobile
methods are expected to emerge. MasterCard
already introduced such a solution earlier this year,
while Visa entered a partnership with Samsung to
encourage development of mobile
 Multi-Channel Gateways Become Retail Payment
Hubs

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 Mobile Banking Payment System
• Bkash
• Rocket
• Nagad
• Sure Cash
• T-Cash
• U-cash
• M-cash
etc

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 Bkash

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 bKash Menu Dialing

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 bKash Web Payment

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 Rocket

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 Nagad

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 Sure Cash

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 How to Select best One

Is it Security ?
Is it Reliable?
Is it Easy to Use?

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 • Any Question

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