https://padlet.com/shikin1205/150_tuto9 EC Payment System en-us 2016-09-06 04:16:55 UTC 2016-09-06 04:39:28 UTC hello@padlet.com kailoveluan https://padlet.com/shikin1205/150_tuto9/wish/121675135 Question2
I)
Authorization
-determines whether a buyer's card is active and whether the customer has sufficient funds settlement.
Settlement
-transferring money from the buyer's to the merchant's account.

II)
Address verification system(AVS)
-detect funds by company the address entered on a webpage with the address information on file with the cardholder's issuing bank.
Card Verification Number(CVN)
-detect fraud by company the verification number printed on the signature strip on the bank of the card with the information on file with the cardholder's issuing bank.

III)
No. Vendor have to pay for transaction fee for every accepted credits card. These fees can be cost-prohibitive for small transaction


]]> 2016-09-06 04:21:48 UTC https://padlet.com/shikin1205/150_tuto9/wish/121675135 ngweisen97 https://padlet.com/shikin1205/150_tuto9/wish/121675137 4a)authorization-to determine whether a buyer 's card is active and whether the customer has sufficient funds.
Settlement-transferring money from the buyers to the merchant  ]]> 2016-09-06 04:21:48 UTC https://padlet.com/shikin1205/150_tuto9/wish/121675137 https://padlet.com/shikin1205/150_tuto9/wish/121675374
-Address verification number (AVN)
Detects ground by comparing the address entered in web page with the address information on file with the cardholder's issuing bank 
-Card verification number (CVN)
Detects fraud by comparing the verification number printed in the signature strip in the back of the card with the information on file with the cardholder's issuing babn]]> 2016-09-06 04:24:08 UTC https://padlet.com/shikin1205/150_tuto9/wish/121675374 https://padlet.com/shikin1205/150_tuto9/wish/121675879 Question 3 

1) Authorization

2) settlement]]> 2016-09-06 04:29:00 UTC https://padlet.com/shikin1205/150_tuto9/wish/121675879 https://padlet.com/shikin1205/150_tuto9/wish/121676389 Credit Card : A credit card provides the holder with credit to make purchase up to a limit fixed by the card issue with cash purchase, the credit card issue. Credit cards rarely have an annual fees (transactions fees ). Instead, holders are changed high interest.-the annual percentage rate on their average daily. Unpaid balance, Visa, master card and Euro Pay are the predominant credit card.
Debit Card :with a debit card , the money for a purchase  item comes directly out of holders checking account (called a demand deposit account).The actual transfer of funds from the holder account to the merchant's take place within 1 to 2 days Master Card , Visa , and Enrol Pay are  the predominant debit card.]]> 2016-09-06 04:34:22 UTC https://padlet.com/shikin1205/150_tuto9/wish/121676389 https://padlet.com/shikin1205/150_tuto9/wish/121676497 2016-09-06 04:35:05 UTC https://padlet.com/shikin1205/150_tuto9/wish/121676497 https://padlet.com/shikin1205/150_tuto9/wish/121676498 authorization
to determine whether a buyer 's card is active and whether the customer has sufficient funds.

Settlement
transferring money from the buyers to the merchant  ]]> 2016-09-06 04:35:06 UTC https://padlet.com/shikin1205/150_tuto9/wish/121676498