E commerce security and payment system:Article 1:In terms of payment and security system in the commercial settings, the online payment systemis the facility that helps the customers to take the services from the online mediums. Some of thewebsites or the online shopping sites does not allow the customers to pay in cash at the time ofdelivery thus the online payment system has been generated to facilitate the customers. Internetbank card payment system is one of the systems that allow the customer’s pay online. In thissystem, the customers can use his debit or credit card details to make the payment. Other systemsare E-cash system or E-purse system that involves a third party gateway to make the payment.As this payment involves internet thus they are not safe as cash payments. This required thecompany to ensure about the security of these payments to the customers. The security of thesepayments is divided into two parts. One is the computer network security and another on eyes theinformation security. It has been reported that the companies have to install they security systemso that the payments of the customers can be secured.References:Hartono, E., Holsapple, C.W., Kim, K.Y., Na, K.S. and Simpson, J.T., 2014. Measuringperceived security in B2C electronic commerce website usage: A respecification andvalidation.Decision Support Systems,62, pp.11-21.Article 2:It has been analysed that the internet or the online payment system has make the life of thecustomers and the companies very easy. Now the customers do not have to send DD or chequesto the companies but can do only transfer and transactions. As far as the online transactions areconsidered, they are secured by the third party gateway but still there are some issues. Some ofthe people have conservative nature and thus they have fear of losing their one because there arecases where the money is debited from the account but not been credited to the other account.This is an aspect that creates tension. A study has been counted to analyse the situation and the
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