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You can find information regarding an electronic payment system through different places. A few examples are webserver, wikipedia, hoovers and many other websites around the world.

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12y ago

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How does payment system differ from electronic payment system?

A payment system broadly refers to any method that facilitates the transfer of money from one party to another, which can include cash, checks, and electronic means. An electronic payment system, on the other hand, specifically involves digital transactions conducted over the internet or through electronic devices, such as credit card payments, online banking, or mobile wallets. While all electronic payments are part of the payment system, not all payment methods qualify as electronic. The key distinction lies in the medium of transaction – electronic payment systems leverage technology to streamline and automate the payment process.


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