Legal Issues in E-Commerce:
Electronic cash will force bankers and regulators to make touch choices that will shape the form of lawful commercial activity related to electronic commerce.
1. The consumers acquire an OTPP account numbers by filling our registration form. This will give the OTPP a customer information profile.
2. To purchase in on-line the consumer requests the form the merchant by quoting OTPP account number.
3. The merchant contacts with OTPP payment server with the customer’s account n.o
4. The OTPP payment server verifies the customer’s account number for the vendor and check for stuffiest funds.
5. The OTPP payment server sends an electronic message to the buyer. The buyer responds to this message in one of three ways. Yes I agree to pay; No; I will not pay;
6. If the OTPP payment servers get a yes from the customer, the merchant is informed and the customer is allowed to download the material immediately.
7. The OTPP will not debit the buyer’s account until if receives conformation of purchase completion.
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