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Essay / Research Paper Abstract
This 7 page paper considers the case of a company that wishes to start accepting credit card payments over the internet. In an easy to understand paper, the writer considers the issues the company will need to consider, such as the use of servers, security, encryption, processing, authorising and the possibility of using an agent. The bibliography cites 5 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEintpay.rtf
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Unformatted sample text from the term paper:
company; Happy Outing Ferries Ltd is keen to access, to gain new customers as well as provide a new service that increases accessibility and convenience to existing customers. The
company already has a web site, but they do not take credit card details over the net. For this they are considering a new system that will have payment
system. Currently an individual with a credit card can buy everything from books and computer goods through to groceries or take-away pizzas
through the computer by accessing a supplier on the World Wide Web. This has also meant that information systems have seen a revolution since the popularisation of the Internet. This
has been needed due to the increasing number of businesses that are using the relatively new for of e commerce and the otherwise difficult process of collecting payment from potential
customers. The use of credit card payment systems have has been utilised by the online vendors as this has been seen to give the needed channel to allow hassle free
purchasing by the consumer. However, as nearly all the retailers who operate through the internet accept credit cards it can hardly be seen as a competitive advantage, for that the
vendors need to look elsewhere for a competitive advantage when it comes to transaction systems the Internet. It must be seen as a necessary move.
If we look at the global marketplace then we can see it is also growing. In the year 2000 this was estimated at being $657 billion, and
is projected at increasing to $6.8 trillion by 2004 (Hobley, 2001). In terms of percentage for profit, companies are expecting on average a 27% return on their investment in internet
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