Outcome 2: E-Commerce Technologies and Technical Controls

Table of Contents

1. Introduction
2. Selecting an Internet Server Provider
3. Electronic Payment Systems
4. Electronic Payment Systems
   1. Payments In
   2. Payments Out
   3. Credit/Debit Cards
   4. NetBanx
   5. WorldPay
   6. Digital Cash
   7. Online vs Offline Digital Cash
   8. E-Banks
   9. Micropayments
   10. Smart Cards
5. Secure Transaction Standards
6. Encryption
7. Certificates and Certification Authorities
8. Electronic Security Systems

NetBanx

NetBanx (www.netbanx.com) offers small businesses a means of taking credit card orders with the least amount of setting-up on their part. The system is simply added to a company's existing web site as an order payment system. It offers the following advantages:

• Portability - can use their servers to host your web site even if you are not a customer of theirs.
• User friendly verification - transactions authorised with minimum fuss. Merchant and customer notified of authorisation or rejection in seconds.
• Affordability - no hidden fees and nominal set-up costs.
• Security - card number never revealed to merchant as transaction reference number issued at verification stage.
• Multi-currency - system can handle transactions in over 100 different currencies.

Next: WorldPay