E-Business Systems: Report on E-commerce Security and Payment Systems

This report explores the crucial aspects of e-commerce security and payment systems. It highlights the convenience of online shopping, accessible 24/7, and the ease of online payments. The report identifies the benefits of e-commerce, such as reduced overhead costs and wider customer reach. The report acknowledges challenges, particularly for small businesses, and focuses on security risks like chargebacks and credit card fraud. The report emphasizes the need for secure and seamless payment processes to ensure a positive customer experience. The report concludes that by focusing on these aspects, e-commerce businesses can thrive and build customer trust. The report also includes references to relevant sources.

Running head: E-BUSINESS SYSTEMS
E-Business Systems
Student:
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2E-BUSINESS SYSTEMS
Week 4: E-commerce Security and the Payment System
E-commerce trend is becoming popular every day. The online ecommerce website is available all
day and night 24x7. The customers get the opportunity to purchase products online at any time
according to their convenience. Furthermore, the customers can be able to pay for the products
online using bank cards with ease. There is reduction on overhead costs. Website launch requires
initial investments and the retailers will not have to pay for the rent, staffs and the utilities. The
customers will not have to face any hurdles while shopping. Generally the customers face the
transportation issues, finding the store locations properly are some issues which must be looked
upon. The customers without facing all these barriers can carry out online shopping with ease.
The retailers in this way can reach to millions of customers nationally and internationally. The
online shopping consists of several disadvantages. The small enterprises in particular have faced
some issues. The most challenging aspect of ecommerce is the payment through ecommerce
website. The e-commerce payment is associated with security risks and frauds. Charge backs,
credit card frauds are some of the most common security flaws of ecommerce payment that must
be looked upon carefully. The customers prefer to shop from their laptops and smartphones
anytime anywhere. They also expect to make the payments securely and safely at the time of
checkouts. The ecommerce payment and the security system must work flawlessly and that will
give the customers a soothing experience.

3E-BUSINESS SYSTEMS
References
Evans, M. (2017). From Section 8 to Living Great: Time is a Terrible Thing to Waste Join the
ECommerce Marketplace Today [A Step-by-Step Report].
Flanagin, A. J., Metzger, M. J., Pure, R., Markov, A., & Hartsell, E. (2014). Mitigating risk in
ecommerce transactions: perceptions of information credibility and the role of user-
generated ratings in product quality and purchase intention. Electronic Commerce
Research, 14(1), 1-23.
Neacsu, T., Woods, L., & Sheldon, D. (2015). Ecommerce SEO: An advanced guide to on-page
search engine optimization for ecommerce.
Sisodia, S. (2016). Identification of growth driving factors for ecommerce 2.0 at Tata unistore
ltd. NIFT.