Online Ways Of Transaction(FINAL).pptx

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Table of content Transactions

Batch V/S On-Line Transaction Processing

On-line Schematic

How IT Works

Automatic Teller Machine (ATM) ATM

History

Mechanism

Security

E-commerce Electronic Commerce Types of E-Commerce

Comparison Of E-commerce With Traditional Commerce

Benefits Of E-Commerce

To organizations

To consumers

To society

Limitations

Applications/Scope of E-commerce

M Commerce What Is M-commerce

Steps In An M-commerce Transaction

Advantages Of M-commerce

Disadvantages Of M-commerce

Threats of Online Transactions Security Tools

Payments System In E-commerce

Electronic Fund Transfer


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Transactions Transactions

Basic business operations such as customer orders, purchase orders,

receipts, time cards, invoices, and payroll checks in an organization

Transaction processing systems (TPS)

Perform routine operations and serve as a foundation for other

systems


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Batch V/S On-Line Transaction

Processing

Two types of TPS:

Batch processing

A system whereby business transactions are accumulated over a

period of time and prepared for processing as a single unit or

batch

On-line transaction processing (OLTP)

A system whereby each transaction is processed immediately,without the delay of accumulating transactions into a batch


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On-line Schematic

Output

Terminal

Terminal

Terminal

Terminal

Terminal

Terminal

Immediateprocessing

of eachtransaction


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How IT Works When you pay for goods or services with your debit card, you have an

option for the payment to be processed in two different ways: as an offline

transaction via a credit card processing network, or as an online

transaction via an EFT system, requiring a PIN to complete

the process.

When processed as an online transaction the exchange of funds is completed

using an EFT network, such as Star , Pulse or Interlink, depending on which

EFT system your bank is associated with as a member bank.


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Automatic Teller Machine (ATM)


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ATM

An Automated Teller Machine (ATM) or Automatic Banking Machine

(ABM) is a computerized telecommunicated device.


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History

ATMs first came into wide U.K use in 1973.

In 1995 the Smithsonians National Museum of American Historyrecognized Docutel and Wetzel as the inventors of the networked ATM.


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Mechanism Deposit mechanism, including a Cheque

Processing Module dispensing mechanism

Bulk Note

Acceptor security sensor

Magnetic

Thermal

Seismic gas

Locks

Journalizing systems many are electronic ora solid state device

This is considered sensitive data and is

secured in similar fashion to the cash as it is a

similar liability.


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Security

A number of attack on ATMs

resulted, with thieves attempting to

steal entire.

Another attack method

PLOFKRAAK is to seal all

openings of the ATM with

silicone.


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E-commerce


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Electronic Commerce Electronic commerce (e-commerce)

Systems that support electronically executed business transactions

The fundamental purpose of e-commerce is to execute transactions

Buying, Selling,Marketing & Servicing

ofProducts, Services &Information

Electronic

Commerce

Computer

Networks

over


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Types of E-Commerce

Business-to-consumer e-commerce (B2C)

Connects individual consumers with sellers , cutting out the middleman

E.g. Amazon.com

Business-to-business e-commerce (B2B)

Supports business transactions on across private networks, the Internet,

and the Web

Consumer-to-consumer e-commerce (C2C)

Connects individual sellers with people shopping for used items

E.g. ebay.com


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Comparison Of E-commerce

With Traditional Commerce

Traditional E-commerce

Needs capital & financing Very little

Region, nation Local to global

Static competency Dynamic competency

Goods are stored in Warehouses E-documents are stored in multimedia

servers


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Benefits Of E-CommerceTo organizations

To consumers

To society


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Benefits of E-commerce to

Organizations International Marketplace

Operation Cost Savings

Reduced inventory level Lower Tele Communication cost: Internet is much cheaper than Value-

added Network(VAN)

No more 24 hour constraint

Less expensive to expand business


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Benefits to Consumer

24/7 Access

More Choices

Price Comparisons

Quick delivery (Digitized products) Disintermediation (no mediators)

More discount due to more competition

Interaction with other customers through e-communities


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Benefits to Society

Enables more flexible working practices

Less travelling for shopping resulting in less traffic and pollution

Increase standard of living Can buy products and services that otherwise are not available to them

Facilitates delivery of public services such as health care, education anddistribution of government social services


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Limitations Technical limitations

Lack of System Security, Reliability, Standards.

Insufficient telecommunication bandwidth

Software development tools are still evolving and changing

Incompatibility of E-commerce Software

Vendors may need special web servers & other infrastructure


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Non Technical Limitations

Inability to touch and feel the products

Online stores dont exist for very long

Lack of trust and user resistanceNot 100% safe

Small Businesses may find it difficult to conform EDI standards

Reduces socialism

Accessibility to internet is still expensive / inconvenient for potential

customers

Not suitable for some perishable products


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Applications/Scope of E-commerce Internet banking

Stock trading

Online shopping

E-auction

Education sector

E-governance

E-publishing for marketing, advertising, sales & customer support

Supply chain management Retail industry

Marketing

Inventory and logistics

Other online services e.g. tour & travel, health care, legal & professional

services


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M Commerce


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M Commerce means mobile commerce that is business activities using

mobile phone

M-Commerce is an extension of E-Commerce. In this user can conductbusiness activities like stock trading , bill payment, net banking etc.

M-Commerce is based on a technology or protocol know as WAP ( Wireless

application protocol )

What Is M-commerce


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Storefront/service selection

Location aware browsing

Transaction confirmation

User authentication

Storefront authentication

Transaction and settlement

Interface to the fulfillment system

Steps In An M-commerce

Transaction


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Person can done transaction any time in 24 hours

M-commerce is popular technology for many services examples

News alerts

Bills payable

Entertainment

Net banking

Providing wider reach

Advantages Of M-commerce


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Disadvantages Of M-commerce


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Speed Of DeliveryMobile phone are more limited in terms of speed than computer therefore, mobile

website must be optimized to ensure customer satisfaction

Small Screen Size

While businesses are used to formatting information for monitors, theaverage mobile screen is only 2 by 3 inches should reduce the amount of

information

Security

Cell phone are commonly lost or stolen than laptops, so companies mustinsure that the security of its customer are not compromised in case thisoccurs.


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Threats of Online

Transactions Hacking

Virus

Reliability of Services

Payment Methods

Protection of data from Unwanted intrusion


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Security ToolsFirewall

Data encryption

Message authentication

Site blocking


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Payment System In E-commerceTrusted third party system

Electronic fund transfer

Digital cash or electronic money

Credit cards

Electronic cheques.


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Electronic Fund Transfer

Automated Teller Machine

Point of sale transactionsPreauthorized transfer

Telephone transfer


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BibliographyThe Home Banking Dilemma

Transaction Processing - Concepts and Techniques

http://en.wikipedia.org

mcom.cs.cmu.edu/

http://mashable.com/category/e-commerce/

http://www.howstuffworks.com/ecommerce.htm
http://www.atariarchives.org/deli/home_banking.phphttp://research.microsoft.com/~gray/WICS_99_TP/01_WhirlwindTour.ppthttp://en.wikipedia.org/http://mashable.com/category/e-commerce/http://www.howstuffworks.com/ecommerce.htmhttp://www.howstuffworks.com/ecommerce.htmhttp://mashable.com/category/e-commerce/http://mashable.com/category/e-commerce/http://mashable.com/category/e-commerce/http://mashable.com/category/e-commerce/http://en.wikipedia.org/http://en.wikipedia.org/http://research.microsoft.com/~gray/WICS_99_TP/01_WhirlwindTour.ppthttp://research.microsoft.com/~gray/WICS_99_TP/01_WhirlwindTour.ppthttp://research.microsoft.com/~gray/WICS_99_TP/01_WhirlwindTour.ppthttp://research.microsoft.com/~gray/WICS_99_TP/01_WhirlwindTour.ppthttp://research.microsoft.com/~gray/WICS_99_TP/01_WhirlwindTour.ppthttp://www.atariarchives.org/deli/home_banking.phphttp://www.atariarchives.org/deli/home_banking.phphttp://www.atariarchives.org/deli/home_banking.php


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Online Ways Of Transaction(FINAL).pptx