Extra Cultivation

  E-Commerce Unit - 4 Lesson - 2 Automated Clearing House Automated Clearing House 1. This platform is used for clearing money transfer from sender to receiver with authorization. Transfer of money in digital mode. 2. Approximately 170 member banks and 1203 sub-members banks are part of this National Automated Clearing House, ACH. 3. There are 11 million transactions done per day during the year 2019-2020 4. It has a capacity of handling 175 million transactions per day. Automated Ledger Posting Features : 1. Maintain ledgers online 2. Posting can be done automated manner 3. Trail Balance and Balance Sheet prepared with software. 4. Adjustments of pending transactions can settle with banks online. Emerging modes and systems of E-payment (Mpaisa, Paypal and other digital currency) E-payment Risks Internet Banking Risks : Internet banking creates new risk control challenges for national banks. Risk is the potential that events, expected or unexpected, may have an adverse impact on the b

E-COMMERCE UNIT - 4     Lesson - 1 E-payment System-payment Methods- Debit card, Credit card, Smart cards, E-Money, E-Wallets E-payment System-payment Methods- Debit card, Credit card, Smart cards, E-Money, E-Wallets Debit Card : The debit card is used for payments made online and offline. User of this card can withdraw upto a certain amount but must have sufficient balance in his/her account. The total payment made in one day is also specified by the person using the debit card. Credit Card : This card is also used for online payment also but in this card a person must not have sufficient balance in his/her account and the total payment made in one day is also specified. Bill of the credit card can pay after few days. User of this card can withdraw upto a certain amount. Smart Card : These cards are used with Balance in hand. This means that in you card must have balance before using this card like Debit Card. Metro Smart Card, Patanjali Smart Card and Mother Dairy Smart card are be