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An Empirical Study on Internet-Based Payment Systems for Electronic Commerce and Banking
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Author(s): K. Bhavana Raj (Institute of Public Enterprise, India), S. Sreenivasa Murthy (Institute of Public Enterprise, India), Pawan Kumar Avadhanam (Institute of Public Enterprise, India), P. Muthulakshmi (IFIM College, India), I. Mohana Krishna (KL Business School, India)and C. Elayaraja (Dhaanish Ahmed College of Engineering, India)
Copyright: 2025
Pages: 22
Source title:
E-Commerce, Marketing, and Consumer Behavior in the AI Era
Source Author(s)/Editor(s): Ahmed J. Obaid (University of Kufa, Iraq), Adriana Burlea-Schiopoiu (University of Craiova, Romania), Bharat Bhushan (Sharda University, India), Sobirov Bobur (Tashkent State University Economics, Uzbekistan)and S. Suman Rajest (Dhaanish Ahmed College of Engineering, India)
DOI: 10.4018/979-8-3693-5548-0.ch005
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Abstract
The rapid evolution of the Internet and electronic commerce (e-commerce) has significantly transformed the global financial landscape, presenting challenges and opportunities for the banking industry. This abstract explores the requirements and opportunities associated with developing and implementing new payment systems leveraging the Internet—the challenges and opportunities presented by the rise of internet-based payment systems within the banking sector. The statement of the problem highlights the need for banks to adapt to the rapid growth of electronic commerce and the increasing demand for secure, efficient, and user-friendly online payment solutions. It underscores the importance of addressing security concerns, regulatory compliance, and integrating new technologies to meet customer expectations and maintain competitive advantage in a digitally transforming financial landscape.
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