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You Decide: Book Bunker

In: Business and Management

Submitted By missliz88
Words 777
Pages 4
Running Head: You Decide: Book Bunker

You Decide: Book Bunker
DeVry University
June 15, 2014

Table of Contents
Executive Summery3
How E-Payments Work4
E-Payment System Review5
Security Suggestions6

Executive Summery
Book Bunker is a book store specializing in rare and used books. Established twenty years ago, in a small town, the book store grew and expanded. Recently Book Bunker has implemented an online presence, including their own website and is now looking for a secure online payment system to prevent losing any further online sales. This report will explain how an e-payment system works along with three researched e-payment systems recommendations. In addition, security suggestions for Book Bunkers website and e-payment system to secure their database and customer transactions will be discussed.
In attempt to help Mary and Joe decide what e-payment system to use, I have made three recommendations including Authorize.net ,Wepay, and PayPal. I believe the information I’ve provided will give your business the direction it needs to choose the right e-payment system.

How E-Payments Work There are many online payment service providers (PSP) available today, most of them accepting all major credit cards. Online credit card payments work by a customer imputing their credit card information into the payment system data base, acting as a promise to pay. The PSP the contacts the bank that issued the credit card who then authorizes the credit card. Many PSP’s can complete these steps in less than 30 seconds. Once the payment steps are completed, the issuing bank settles or pays the acquiring bank and the seller now has their payment. This payment happens through a secure network. Since you’re now world famous, I will list only merchant e-payment services that allow payments from all over the world.

E-Payment System Review E-Payment

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