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VOL. 10, ISSUE 5 (2024)
E-commerce payment systems: A review and comparison
Authors
Tariq Talafha
Abstract
Payment systems in the e-commerce industry have undergone substantial
changes to cater to the needs of businesses and consumers in the ever-changing
world of online commerce. This abstract examines the complex dynamics of
e-commerce payment systems, which involve several technologies and processes
that aim to enable secure, efficient, and user-friendly transactions on the
internet. The emergence of digital wallets, cryptocurrencies, and sophisticated
fraud protection techniques underscores the ongoing innovation in this domain.
An essential aspect of this transformation is the focus on improving the speed
of transactions, minimizing expenses, and guaranteeing the security of data.
Payment systems must also manage intricate legal frameworks and cater to
diverse consumer preferences across different geographical areas. The growth of
e-commerce necessitates payment systems with strong adaptability and
integration capabilities. These systems must provide smooth user experiences,
adhere to international standards, and effectively manage new cybersecurity
concerns. The continuous progress in payment technology demonstrates a wider
movement towards increased accessibility and convenience, highlighting the
crucial role these systems play in the digital economy.
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Pages:4-13
How to cite this article:
Tariq Talafha "E-commerce payment systems: A review and comparison". International Journal of Commerce and Management Research, Vol 10, Issue 5, 2024, Pages 4-13
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