Payments are the life-blood of commerce. With the shift to electronic means of doing business it is logical that payments will follow the same route. This has been the case as electronic means of making payments have rapidly evolved since the first computers were installed in the banking and finance system. However, initially, the electronic payment systems were under the tight control of the banks with bank personnel being the payment initiators. Even with the introduction of ATM’s and EFTPOS systems, tight control was maintained over the banking networks and how payments were initiated, this requiring the physical presence of plastic magnetic stripe cards with PIN entry to authenticate the owner.
Read Entire Paper
E-Mail Link
Your IP address will be sent with this e-mail
