ECommerce 1 Lecture 5

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E-Commerce 1Lecture 5

• Angele GIULIANO
• angele_at_acrosslimits.com

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Internet Payment methods

• Credit cards (VISA, Mastercard)
• Debit Cards (Switch, Maestro)
• Wallet software
• Special top-up cards (disposable credit cards)
• Mobile phones SIM cards for micropayments
• Non-cash based payments (e.g. beenz, flooz
  interesting concept but died prematurely)
• Payment on Delivery
• Bank Transfers

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M-Commerce (1)

• M-commerce is still within its development stages
  and has yet to evolve to its full potential.
• Mobile payment providers could deliberately offer
  lower commission charges than those for credit
  cards
• m-commerce could eventually remove our need for
  credit cards
• The majority of the population is yet to be
  educated about the subject, the services and
  opportunities m-commerce provides and the
  benefits it enables.

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M-Commerce (2)

• Credit cards are well established and it has
  taken a period of time for this payment method to
  become an everyday part of peoples lives in
  settling transactions.
• In the interim, m-commerce payment methods will
  continue to be a complementary payment mechanism
  especially for micropayments. Time and education
  will be key.
• SMS is the first step in the delivery of content
  and of approving m-payment transactions
• MMS is the next stage in the evolution chain of
  m-payments and obviously offers much greater
  opportunities in terms of the range of content
  that the user can purchase using a mobile device,
  such as video clips or MP3s.

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Maintenance of your website

• Dedicated team (internal / external)
• Content Mangement System
• Proprietary
• Off-the-shelf
• Open-source
• Backend database accessing live business data
  (stock control, pricing etc)