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E-Commerce Technology: Secure Payment System

© AffiliateSeeking - This article is not allowed to be re-published but can be linked to.

Online shopping is not new in our society today. Most people have tried at least once or twice to purchase something online. Purchasing online, whether services or products, requires that a customer have a valid credit card or finance account such as Pay Pal.

Due to the increasing crime on the Internet, many now are having second thoughts of giving their credit account information. To some it provides a sense of uncertainty and taking risks when purchasing online.

Over the years there is lot of e-commerce technology that has been developed. This helps the customers in many ways in terms of convenience and accessibility. But still the security of their hard earned money is left unanswered.

Now an e-commerce technology is developed known as the Secure Payment System. It is a mode of operation wherein the security of financial transactions done on the Internet is ensured to be safe and confidential.

This application of an online store is an important service that keeps the customers of an online company coming back because they view the online store as safe and reliable. In a way also it provides them a sense of safety and security of their financial transactions.

Under this type of e-commerce technology is SET or the Secure Electronic Transaction. The SET uses the unique process of encrypting the information obtained between the customers and the online store.

The goal of SET is to ensure that the payment process is private, convenient and most important of all secure.

SET ensures that the order and payment information of the customers are kept confidential. SET also has the capacity to authenticate the customer is the legitimate user of the credit account.

The payment process is easy and simple. When the customer made a purchase, the SET will authenticate the credit card against the details provided by the customer, and then the merchant which is the online store will send the order details to the bank. Transaction will occur between the two for the approval of the purchase. When approved the bank will digitally sign and an authorization will be given to the merchant who can then process the order.

This type of e-commerce technology is truly a breakthrough in online shopping and transactions.

The e-commerce technology developed are very important in the online e-commerce especially the secure payment system. It provides the customers a piece of mind when doing Internet transactions.

Now customers will be safe against scams. A reliable e-commerce technology is truly what we need.

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