electronic payment system
method for payments over Internet a means of making payments over an electronic network such as the Internet
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method for payments over Internet a means of making payments over an electronic network such as the Internet
This checklist considers some of the outline factors that can lead to greater use of electronic invoicing (e-invoicing), and considerations when implementing e-invoicing systems.
It includes TV-set manufacturers, video-game consoles, and, across an array of industry sectors, a vast army of specialist control-systems manufacturers, not to mention the aviation and automobile sectors, both of which could not exist in their present forms without massive input from the electronics sector
Electronic invoicing involves the replacement of manual paper-based routines with new integrated systems and processes. Expected benefits include the creation of integrated supply chains which are more cost-effective, less error-prone, faster, and simpler to manage. Other benefits include improved customer care (typically, as the joint EBA/Innopay report, “E-invoicing 2008,” points out, nearly half of customer queries relate to invoicing) as well as improved risk management
By Hansjörg Nymphius
The PSD is one additional step in the efforts of the European legislators to achieve an integrated payments market. This process started with the introduction of the euro in 1999 (as an electronic currency) and 2002 (notes and coins), the implementation of new payments-related legislation at EU
By Björn Flismark
Definitions of ’electronic payment system’ and meaning of ’electronic payment system’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’electronic payment system’ and other financial terms with our online QFINANCE Financial Dictionary.