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E-payments: modern complement to traditional payment systems |
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The challenges of payment transactions in electronic commerce were initially underestimated, as is now clear in the light of advances in e-commerce, traditional business models are increasingly coming up against their limits. Only secure, user-friendly and low-priced innovative payment solutions can boost internationally oriented e-commerce. In the medium term, mobile phone-based payment systems will be an even more valuable channel for e-commerce than internet-based systems. Nevertheless, in the longer term, upgraded traditional solutions (credit cards and, debit cards (especially in Germany) and smart-card-based electronic wallets (e.g. GeldKarte)) are likely to push aside the innovative systems. more:
http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000079835.pdf |
