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  3. E-commerce payment system - Wikipedia

    There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily.

  4. E-commerce - Wikipedia

    E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet.E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection ...

  5. Central processing unit - Wikipedia

    A central processing unit ( CPU ), also called a central processor, main processor or just processor, is the electronic circuitry that executes instructions comprising a computer program. The CPU performs basic arithmetic, logic, controlling, and input/output (I/O) operations specified by the instructions in the program.

  6. Card not present transaction - Wikipedia

    If a credit card is physically swiped in the transaction, the bank that issued the card is on the hook for fraudulent charges. If it is a phone or Internet purchase — called a card-not-present transaction — the bank that hosted the merchant account that received the ill-gotten charges must make restitution, said Ms. Litan, the Gartner analyst.

  7. Acquiring bank - Wikipedia

    The best-known (credit) card associations are Visa, MasterCard, Discover, China UnionPay, American Express, Diners Club, Japan Credit Bureau and Indian Rupay . The acquiring bank enters into a contract with a merchant and offers it a merchant account. This arrangement provides the merchant with a line of credit.

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