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Explain the characteristics of payment system.

Mumbai University > Information Technology > Sem 7 > E–Commerce & E-Business

Marks: 5 M

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Characteristics of online payment system:

Security Since payments involve actual money, payment systems will be a prime target for criminals. Since Internet services are provided today on networks that are relatively open, the infrastructure supporting electronic commerce must be usable and resistant to attack in an environment where eavesdropping and …

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