Electronic Payment Systems:
Definition: Electronic payment is a financial exchange that takes place online between buyers and sellers. The content of this exchange is usually as encrypted credit card numbers, electronic cheques or cash. The various factors that have had the financial intuitions to make use of electronic payments are:
1. Â Decreased technology cost. Interest is becoming free almost everywhere in the world.
2. Â Reduced operational and proceeding cost.
3. Â Increasing online commerce.
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