During its more than 20 years of existence, the internet has become an essential "thing" in the society and daily life. The number of people worldwide using the internet has more than doubled from 2007 to 2013. While it was ca 1,3 billion people in 2009, it was ca 2,7 billion in 2013. Not only the access to internet got very easy, but also the demand for internet has increased a lot. Over the time as well e-payment systems has developed and are today a solid component of the Business-to-consumer sector.
They can be found in many different trends. Google, MasterCard, Ebay are all well known names who all made their part to bring e-payment to its present place. But how do they function? How important are they? And furthermore, why should they be important since the world kept on spinning before there invention? This paper will analyze the importance of e-payment systems in the daily life for individuals such as for the business sector. The main point and also the research question for this paper will be to find out "Why are e-payment systems important for us?".
For a better overview and understanding firstly the classic and modern payment systems are shortly presented and later shortly compared. Followed by description of how e-payment does influence the daily life of individuals in the society, such as the business/political area. It continuous with the analytical part, where the research question is tried to be answered by analyzing the findings. It ends with the conclusion, where the findings of the analysis are finally presented.
Table of Contents
- 1. Introduction
- 2. Main Part
- 2.1 Classic payment systems
- 2.1.1 Prepaid
- 2.1.2 Debit
- 2.1.3 Cash on delivery
- 2.1.4 Pay by bill
- 2.1.5 Credit Card
- 2.2 Modern payment systems
- 2.2.1 Electronic wallet
- 2.2.2 Online-currency
- 2.2.3 iZettle
- 2.1 Classic payment systems
- 3. Influence on Society and Business
- 3.1 Society
- 3.2 Business
- 4. Analytical Part - The relevance and importance
- 5. References
Objectives and Key Themes
The objective of this paper is to analyze the importance of e-payment systems in daily life, both for individuals and the business sector. The central research question is: "Why are e-payment systems important for us?" This is explored by examining both classic and modern e-payment systems, their impact on society and business, and an analysis of the findings.
- The evolution and types of e-payment systems (classic vs. modern).
- The societal impact of e-payment systems.
- The impact of e-payment systems on business.
- The overall relevance and importance of e-payment systems.
- Comparison of e-payment systems and their relative advantages and disadvantages.
Chapter Summaries
1. Introduction: This introductory chapter establishes the context of e-payment systems within the broader landscape of the internet and e-commerce. It highlights the significant growth of internet usage and the corresponding development of e-payment systems as a crucial component of business-to-consumer transactions. The chapter introduces the main research question—why e-payment systems are important—and outlines the paper's structure, promising to analyze both classic and modern systems, their impact on society and business, and ultimately answer the central question.
2. Main Part: This chapter provides an overview of both classic and modern e-payment systems. It begins by explaining the vast array of online payment options available, contrasting them with the more limited choices in offline settings. The chapter then delves into a detailed description of classic systems like prepaid, debit, cash on delivery, pay-by-bill, and credit cards, explaining their mechanisms and advantages/disadvantages from both the consumer and retailer perspectives. The discussion subsequently transitions to modern systems such as electronic wallets (including PayPal and Google Wallet) and online currencies, highlighting their increasing popularity and impact on the e-commerce landscape. This section essentially lays the groundwork for the later analysis of the importance of e-payment systems.
3. Influence on Society and Business: This chapter explores the multifaceted impacts of e-payment systems on society and business. It likely delves into the societal changes brought about by the ease and convenience of online transactions, potentially examining factors like increased accessibility to goods and services, changes in consumer behavior, and broader societal shifts related to digital finance. Simultaneously, the chapter probably analyzes the effects on businesses, discussing how e-payment systems streamline transactions, reduce costs, enhance efficiency, and open up new markets. The overall aim is to provide a comprehensive picture of how e-payment systems shape both social and economic dynamics.
4. Analytical Part - The relevance and importance: This section directly addresses the research question of the paper's importance. It uses the information presented in the previous chapters to analyze the findings and provide insights into why e-payment systems are important. This likely involves weighing the benefits and drawbacks of different systems, assessing their impact across different sectors, and potentially offering conclusions about the overall significance of e-payment systems in contemporary society and commerce.
Keywords
E-payment, E-commerce, online payment systems, classic payment systems, modern payment systems, prepaid, debit, cash on delivery, pay by bill, credit card, electronic wallet, PayPal, Google Wallet, online currency, Bitcoin, societal impact, business impact, internet commerce.
Frequently Asked Questions: A Comprehensive Language Preview of E-Payment Systems
What is the main topic of this document?
This document provides a comprehensive overview of e-payment systems, exploring their evolution, types, societal impact, influence on businesses, and overall relevance. It analyzes both classic and modern payment methods, ultimately aiming to answer the central question: "Why are e-payment systems important for us?"
What are the key themes explored in the document?
The key themes include the evolution and types of e-payment systems (classic vs. modern), their societal impact, their impact on businesses, a comparison of their advantages and disadvantages, and a comprehensive analysis of their overall relevance and importance.
What types of e-payment systems are discussed?
The document covers both classic payment systems (prepaid, debit, cash on delivery, pay-by-bill, credit card) and modern systems (electronic wallets like PayPal and Google Wallet, online currencies). It provides a detailed description of each, including their mechanisms and advantages/disadvantages.
What is the impact of e-payment systems on society?
The document explores how e-payment systems have changed society, potentially including increased accessibility to goods and services, altered consumer behavior, and broader shifts related to digital finance. The specific details of this societal impact are elaborated within the text.
What is the impact of e-payment systems on businesses?
The analysis examines how e-payment systems benefit businesses, such as streamlining transactions, reducing costs, improving efficiency, and opening new markets. The specifics of these business impacts are detailed in the document.
What is the overall conclusion regarding the importance of e-payment systems?
The analytical part of the document directly addresses the central research question, weighing the benefits and drawbacks of different systems and assessing their impact across various sectors to determine their overall significance in contemporary society and commerce. The precise conclusion is found within the full text.
What is the structure of the document?
The document is structured into five chapters: an introduction, a main part detailing classic and modern e-payment systems, a chapter on the influence on society and business, an analytical part assessing the relevance and importance of e-payment systems, and a concluding chapter with references.
What are the keywords associated with this document?
Keywords include: E-payment, E-commerce, online payment systems, classic payment systems, modern payment systems, prepaid, debit, cash on delivery, pay by bill, credit card, electronic wallet, PayPal, Google Wallet, online currency, Bitcoin, societal impact, business impact, internet commerce.
Where can I find more details?
The complete text provides a detailed explanation of all aspects of e-payment systems, including the specific mechanisms, advantages, disadvantages, and impacts on society and businesses.
- Citar trabajo
- Henrik Fürst (Autor), 2014, Why are E-payment systems important for us?, Múnich, GRIN Verlag, https://www.grin.com/document/353531
