Online payments are more in tune with the needs of e-commerce development. The operating environment for online payments is based on the open Internet. Traditional payments, on the other hand, operate in more closed systems, such as post offices and banks, and have significant limitations.
Online payments are connected 24 hours a day and consumers can implement payments via the internet anytime and anywhere. Traditional payment methods are restricted by time and space, making it difficult to meet the needs of many users in terms of time, space and other habits and online payments can achieve real-time enquiry of order information, including information on whether the order has been successfully paid. The traditional payment method requires the consumer to notify the merchant before the merchant can go to the corresponding unit to inquire, which is a cumbersome and time-consuming process.
Online payment can also play a role in stimulating consumption. In a way, online payment enables consumers to complete the transaction process smoothly when their desire to buy is at its strongest, thus facilitating the development of e-commerce.
Clearly, the convenience and speed of online payments over traditional payments is the key to their superiority. At present, online payment is becoming more and more prominent in terms of functional expandability, technical security, ease of use of the system and other aspects of the strong position, is bound to become the main way of capital flow for enterprises to directly face the end market, improve economic efficiency, reduce operating costs, enhance core competitiveness and accelerate development.
It is true that online payments make the circulation of funds convenient, fast and cost-saving, but it is risky; online payments are the future trend in the development of the way of circulation of funds, and it should be viewed from both sides. Whether online payments are safe or not cannot be answered with a yes or no answer, it is relative and depends on how safe it is. Hence, it is necessary to create e banking account malaysia in order to experience such convenience.
The security needs of online payment are to ensure the confidentiality of the data on the flow of funds on the network to ensure that the data on the settlement of funds on the network is not tampered with at will to ensure that the identity of the two parties on the settlement of funds on the network to ensure that the settlement of funds on the network occurs and the content of the occurrence of non-repudiation to ensure the stability, reliability and speed of the operation of the network payment system, to do a good job of data backup and disaster recovery functions, and to ensure the speed of payment settlement These can be solved with some network payment technology, so that the online payment user bile rights are protected, but security is relative!