It 205 Electronic Payment Systems

Checkpoint Analysis of electronic Payment Systems Angelina M. Cortez IT/205 April 20, 2012 Debbie McCloud Checkpoint Analysis of electronic Payment Systems There are various categories of e-commerce, Business to Consumer which is where the business sells products and/or services direct to the individual consumer. A few examples are Ebay.com, other online auctions. Real Estate sites, travelers services, Amazon.com and other bulletin board style sites such as FreeCycle.org and Craigslist.org. Business to Business transactions occur when a manufacturer and a wholesaler, or a wholesaler and a retailer decided to do business. An example of B2B relationships would be a company such as Time Warner selling advertising space to the National Football League. Consumer to Consumer generally involves a third party payment facilitator such as paypal.com or Google checkout. Ebay.com is the best example of this type of C2C business transactions. There are many types of electronic categories for the e-commerce system. The most popular type of payment is the digital wallet. This is a wonderful way to accomplish the task of making purchases simply because it stores the owners information so the owner can essentially do a one click purchase and not have to be burdened with re entering all of