Comparison Of Online Payment and Electronic Payments....What is useful for consumers

Before getting started, here are just a few things to know about payment systems.

                

ACH payments are electronic credit and debit transfers, allowing customers to make payments from their bank accounts for utilities, mortgage loans, and other types of bills. ACH stands for Automated Clearing House and most payment processors offer ACH payment options to their customers, especially for monthly- and subscription-based transactions. Most payment solutions use ACH to send money (minus fees) to their customers.

A merchant account is a bank account that allows a customer to receive payments through credit or debit cards. Merchant providers are required to obey regulations established by card associations. Many processors (such as the ones listed below) act as both the merchant account as well as the payment gateway.
A payment gateway allows merchants to securely pass credit card information between the customer and the merchant and also between merchant and the payment processor. The payment gateway is the middleman between the merchant and their sponsoring bank.
PCI compliance is when a merchant or payment gateway sets their payment environment up in a way that meets the Payment Card Industry Data Security Standard (PCI DSS). The PCI DSS standard was created by the Payment Card Industry Security Standards Council to increase security of cardholder data and to reduce fraud.

Payment systems on the internet

The purpose of shopping on the internet is of course lead for each visit a client on its website, a purchase transaction. In everyday life, the act of buying is so commonplace that no one pays more attention to the multitude of cultural and organizational assumptions implemented. One of the challenges of online business is to find a substitute for the transaction of contact between buyer and seller of the real world, and, if possible, provides benefits for one and the other: ergonomics, simplicity, security, auditability, universal use, interoperability, anonymity in some cases, and ...operating costs and reduced commissions.2There are currently, especially if we consider both payment and micropayment services, dozens of different systems. This proliferation, although we feel that convergence emerge, not using e-commerce to grow, and goes against the application of simplification and transparency desired by the user.
However, we can still say that a very limited number of types of payment systems on the internet emerge: mainly include systems card type bank systems with a common name is the virtual wallet, widely used in micropayment systems without forgetting room or electronic chips, but have not been very successful.
This article therefore presents an overview of approaches and techniques used on the Net, in the order mentioned above. It addresses in the last chapter the important role that mobile can play one day in the field of payment on the internet, but also on other channels: voice, proximity to an electronic payment terminal or a terminal.