#Paperless payment system manual#

E-commerce processing is user-friendly and less time consuming than manual processing. It revolutionized the business processing by reducing paperwork, transaction costs, and labour cost. E-commerce organizations use electronic payment systems that refer to paperless monetary transactions. The electronic payment systems have a very important role in e-commerce. The customer can select different stores on the Internet in a very short time and compare the products with different characteristics such as price, colour, and quality. There is no need of visiting a store or a shop. In e-commerce, the customer can order products at home and save time for doing other things. With the rapid development of the computer, mobile, and network technology, e-commerce has become a routine part of human life. The most common security threats are an electronic payments system, e-cash, data misuse, credit/debit card frauds, etc. Some are accidental, some are purposeful, and some of them are due to human error. There are various types of e-commerce threats. E-commerce can be drawn on many technologies such as mobile commerce, Internet marketing, online transaction processing, electronic funds transfer, supply chain management, electronic data interchange (EDI), inventory management systems, and automated data collection systems.Į-commerce threat is occurring by using the internet for unfair means with the intention of stealing, fraud and security breach. Simply, it refers to the commercial transactions which are conducted online. E-Commerce refers to the activity of buying and selling things over the internet.

Paperless payment system