Advantages of electronic payment

1, convenient. It's convenient to recharge, no change, no counting. Cooperate with online shopping and don't go out.

2. Speed block. Pay the bill right away

3. Avoid the risk of carrying a lot of cash.

4. More and more enterprises support electronic payment.

The origin of electronic payment:

In the 1990s, the Internet spread rapidly, and gradually moved from universities and scientific research institutions to enterprises and families. Its function has also evolved from information sharing to a popular means of information dissemination, and commercial and trade activities have gradually entered this kingdom.

By using the Internet, not only the cost is reduced, but also more business opportunities are created. As a result, the development of e-commerce technology has gradually become the biggest hot spot of Internet application. In order to adapt to the market trend of e-commerce, electronic payment has also developed.

Basic concepts of electronic payment:

June, 5438+October, 2005 10, the People's Bank of China published the Guidelines for Electronic Payment (No.1), which stipulated: "Electronic payment refers to the behavior that units and individuals directly or authorize others to send payment instructions through electronic terminals to realize monetary payment and fund transfer. The types of electronic payment are divided into online payment, telephone payment, mobile payment, point-of-sale terminal transaction, ATM transaction and other electronic payments according to the initiation method of electronic payment instructions. " Simply put, electronic payment refers to the monetary payment or fund transfer by all parties in electronic transactions, including consumers, manufacturers and financial institutions, through the network. Electronic payment is an important part of e-commerce system.

Electronic payment protocol:

1, SSL (Secure Sockets Layer). SSL protocol layer includes two protocol sublayers, SSL recording protocol and SSL handshake protocol. The basic feature of SSL recording protocol is that the connection is private and reliable. The basic feature of SSL handshake protocol is that it can authenticate the identities of both parties, and the secrets of both parties are safe and the negotiation is reliable.

2.Set (secure electronic transaction). The goals of SET protocol operation include ensuring the safe transmission of information on the Internet, ensuring the mutual isolation of information of e-commerce participants, solving the online certification problem, ensuring the real-time performance of online transactions, and standardizing the protocol and message format. SET protocol involves consumers, online stores, acquiring banks, electronic money issuers and certification centers (CA).

Electronic payment type:

The business types of electronic payment are divided into online payment, telephone payment, mobile payment, point-of-sale terminal transaction, ATM transaction and other electronic payments according to the initiation mode of electronic payment instructions.

Online payment

Online payment is a form of electronic payment. Broadly speaking, online payment is based on the Internet, using some digital financial tools supported by banks, financial exchange takes place between buyers and sellers, realizing online monetary payment, cash flow, fund settlement, inquiry and statistics from buyers to financial institutions and merchants, thus providing financial support for e-commerce services and other services.

telephone payment

Telephone payment is an offline form of electronic payment, which refers to the way that consumers use telephones (fixed telephones, mobile phones, PHS) or other terminal devices similar to telephones to directly complete payment from personal bank accounts through the banking system.

mobile payment

Mobile payment is a new payment method that uses mobile devices to complete payment by wireless means. The mobile terminal for mobile payment can be a mobile phone, PDA, mobile PC, etc.

Electronic payment tools:

Payment transactions can be initiated by paper or electronic payment tools.

Some payment instruments can be started by paper or electronic means. For credit transfer, you can fill in the documents at the bank counter, sign/seal to authorize payment, or use the online banking function to electronically authorize initiation; For example, a bank card can be authorized by signing on paper, or initiated by swiping a card and password at a terminal (POS/ATM).

Payment transactions can be conducted through a combination of paper steps and electronic steps. For example, checks can be intercepted and processed electronically. The different location and time of interception (such as at POS or trading center) reflects the different degree of electronicization.

Payment transactions can also include cash and non-cash steps, such as the payer initiating remittance with bank deposit and the payee withdrawing cash.

With the development of computer technology, there are more and more electronic payment tools. These payment instruments can be divided into three categories:

Electronic money, such as electronic cash, electronic wallet, etc. ; Electronic credit cards, including smart cards, debit cards, telephone cards, etc. ; Electronic checks, such as electronic checks, electronic remittance (EFT) and electronic transfer. These methods have their own characteristics and operation modes, which are suitable for different transaction processes. The following is an introduction to electronic cash, electronic wallet, electronic check and smart card.

Electronic publications, e-books

Electronic cash (E-Cash) is a currency circulating in the form of data. It converts the cash value into a series of encrypted serial numbers, which represent the market value of various amounts in reality. After opening an account in a bank that conducts electronic cash business and depositing the money into the account, users can shop in a store that accepts electronic cash.

e-wallet

E-wallet is a kind of payment tool commonly used by online shoppers in e-commerce activities, and it is a new type of wallet commonly used when shopping in small quantities or buying small commodities.

E-wallet has always been a hot topic in e-commerce activities all over the world, and it is also an important tool to realize global electronic transactions and Internet transactions. Many countries in the world are establishing electronic wallet systems to replace cash transactions. Now, China is also developing an e-wallet service system.

Shopping with e-wallet usually needs to be done in the e-wallet service system. The e-wallet software in e-commerce activities is usually provided free of charge. You can directly use the e-wallet software on the e-commerce system server connected to the bank account, or you can directly transfer it from the Internet to use it, and use the e-wallet software online in various confidential ways.