Trends and Technology in E-Payment

This research examines the forms of e-payments used in the global economy today. The Internet is a critical component of the business landscape, lowering the cost of communication, helping meet customer needs, making supply chains more efficient, and improving business practice integration. Smart de...

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Bibliographic Details
Published in:Competition forum 2019-07, Vol.17 (2), p.402-412
Main Authors: Chen, Alexander N, Zeltmann, Steven M, Griffin, Ken, Rubach, Michael, Ellis, Michael E
Format: Article
Language:English
Subjects:
Cellular telephones
Communication
Customers
Electronic banking
Electronic commerce
Electronic funds transfer systems
Financial institutions
Global economy
Internet
Internet access
Online payment services
Payment systems
Population
Smartphones
Social networks
Trends
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Summary:This research examines the forms of e-payments used in the global economy today. The Internet is a critical component of the business landscape, lowering the cost of communication, helping meet customer needs, making supply chains more efficient, and improving business practice integration. Smart devices are leading the charge for new methods of payment, especially in regions lacking the legacy infrastructure to facilitate traditional payments. E-payment use is also on the rise in developed countries because of the benefits they afford to all parties. E-payment is also becoming a competitive necessity for entities wishing to remain relevant in online markets.
ISSN:1545-2581