Extra Cultivation

  E-COMMERCE UNIT - 5 LESSON - 3 Duties of Subscribers Duties of Subscribers The IT Act, 2000 stipulates that any subscriber may authenticate an electronic record by affixing his digital signature. This act lays down the following duties of the subscribers who have obtained the Digital signature Certificate from some certifying authority. It further states that any person can verify an electronic records by use of a public key of the subscriber. Generating key pair (Sec. 40) : A subscriber is required to generate a key pair that corresponds to the private key of that subscriber which is to be listed in the Digital Signature Certificate. This implies that the subscriber must generate an appropriate private key which matches the public key being allotted to him or Her. Duties of subscriber of Electronic Signature Certificate (Sec. 40A) : In respect of Electronic Signature Certificate the subscriber shall perform such duties as may be prescribed. Acceptance of Digital Signature Certificat

E-Commerce . Unit - 5   Lesson - 2   Information Technology Act 2000- provisions related to offences, secure electronic records, digital signatures, penalties and adjudication   Introduction : Information Technology Act, 2000 is the first Cyber Law in India. Based on resolution adopted by United Nations on 30th January 1997 regarding the Model Law on Electronic Commerce. The Act received the assent of the President of India on 09/06/2000(6th June, 2000). Important Definitions : 'Access', with the grammatical variations and cognate expressions, means gaining entry into, instructing or communicating with the logical, arithmetical or memory function resources of a computer, computer system or computer network. ' Addressee ' means a person who is intended by the originator to receive the electronic record but does not include any intermediary. ‘ Private key ’ means the key of a key pair used to verify a digital signature and listed in the Digital Signature Certificate; ‘ Pu

  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