Mumbai University > Information Technology > Sem 7 > e-commerce and e-business

Marks: 5M

Year: Dec 2015

Characteristics of payment systems include:

1. Anonymity: It refers to whether the payment model is anonymous or not. It is concerned with whether a third party can trace back who was involved in payment transaction.
2. Security: This is concerned with whether the payment method is secured, in particular whether it is …