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Further Development of a Secured Unified E-Payment System in Nigeria: A Critical Viewpoint

Ayo, C. K. and Ukpere, W. I. (2012) Further Development of a Secured Unified E-Payment System in Nigeria: A Critical Viewpoint. E-BUSINESS – APPLICATIONS AND GLOBAL ACCEPTANCE.

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Abstract

e-Payment systems refer to the automated processes of exchanging monetary value among parties in business transactions and transmitting this value over the ICT networks. The common e-Payment channels include the payment cards (debit or credit), Online Web Portals, Point of Sales (POS) terminals, Automated Teller Machines (ATM), Mobile Phones, Automated Clearing House (ACH), direct debit/deposit and Real Time Gross Settlement (RTGS) system (Nnaka, 2009). The wider patronage of e-Commerce is dependent on the availability of a secured and trusted e-Payment System (Baddeley, 2004). The various categories of e-Commerce include Business-to-Business (B2B): business transactions between organizations that involve companies buying and selling to each other; Business-to-Consumer (B2C): business transactions between organizations and consumers where goods and services are sold directly to the consumer; Consumer-to-Business (C2B): business transactions between consumers and organizations, where consumers can fix prices for both goods and services offered; and Consumer-to-Consumer (C2C): business transaction between consumers among others (Ayo, 2009). Therefore, appropriate considerations must be given to these categories so that the most suitable e-Payment system can be adopted.

Item Type: Article
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions: Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 29 Jan 2014 10:26
Last Modified: 29 Jan 2014 10:26
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2094

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