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Question
Write short answers for the following question:
What is a payment gateway?
Solution
A payment gateway is an e-commerce application that provides services which allows a direct connection between a website and a bank. In e-business, there is no exchange of cash or money over the counter; rather the payment is made through the web with the help of payment gateways. These gateways authorises the online payments made by the retailers, manufacturers, sellers or buyers and generally provide the option of making e-payments through credit card or debit card or through direct transfer from banks (through net banking). The payment gateways are also said to be the virtual equivalent of the physical Point
of Sale as they allow transfer of payments through internet.
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Match the pairs:
| Group A | Group B | ||
| a. | e-business | 1. | cost reduction |
| b. | B to C | 2. | Hyper Transfer Text Protocol |
| c. | ATM | 3. | encryption |
| d. | Payment geteway | 4. | electronic business |
| e. | HTTP | 5. | point of sale |
| 6. | Business to Consumer | ||
| 7. | Business to Business | ||
| 8. | authorizes payment made online | ||
| 9. | outsourcing | ||
| 10. | Automatic Teller Machine |
Write the word or phrase or term which can substitute the following:
Name the form of electronic currency that exists only in cyberspace.
Write the word or phrase or term which can substitute the following:
Name the service provider which is used for payments through web.
Write short note on the following:
Online transactions
Write short note on the following:
Payment Mechanism
State with reasons whether the following statement true of false.
The term “e-business” is derived from the terms “e-mail” and “e-commerce”.
State with reasons whether the following statement true of false.
Credit cards are used for cash payments.
State with reasons whether the following statement true of false.
In online transactions, account and shopping cart are password protected.
Write short answers for the following question:
What is net-banking transfer?
Answer the following.
What is e-business? How did the concept originate?
