Business Case Analysis 'Electronic Payment Systems in Action ...

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Use to Store: Calling Cards Credit Cards Health Info Passwords Travel Clubs PIN numbers User Names Accounts Memberships How E-wallet works E-wallet solutions are personal data-encrypted files that promise to help remove shopping roadblocks 11 (GCIS 2005). E-wallet solution is designed to take much of the annoyance and monotony out of shopping on-line by providing an electronic file in which people can safely store their names, addresses, credit-card numbers, passwords and any other information they may need for registration forms on movie Gallery website. Most E-wallet uses a newly released standard called the Electronic Commerce Modeling Language. This ECML works with any Web-security software and enables e-wallets to automatically feed customer information into the payment forms of participating merchants. 12 (GCIS 2005) recently, Redmond, Washington-based Microsoft Corp. issued a wallet called Passport that consumers can use at a growing number of Internet shopping 11 - (n.d) “Discover the GCIS internet leverage.” http://www.gcis.ca/Ewallet/e-wallet (tm) solution from the Center.htm accessed February 2006 12 - (n.d) “Discover the GCIS internet leverage.” http://www.gcis.ca/Ewallet/e-wallet (tm) solution from the Center.htm accessed February 2006 Codewit Global Network © Copyright 2006 All right Reserved Page 18 of 42
sites, all of which are required to conform to commonly accepted privacy standards. However, one major drawback of the Passport solution is that it only works with a handful of e-commerce sites. 13 (GCIS 2005) The e-payment method proposed in this report take different approaches to safely storing customers' information on any Web site. Base on the company that has utilized this technology on their site; they have suggested two types of E-wallets: 1. GCIS e-wallet S-1 (thin wallet) 2. GCIS e-wallet S-2 (fat wallet) These two terms refer to the size and nature of the files. The e-wallet S-2 solution actually sits on your customer’s own computer (s) and contains all the software needed to send credit-card numbers and other information securely to various shopping sites. E-wallet S-1 thin solution is stored on servers controlled by the Movie gallery bank or other service providers, whose software manages the exchange of information with the Movie Gallery' sites. This e-wallet solution is actually stored on customers' own browsers for logistical reasons and it is stored with the customer’s financial institution. Both methods are perfectly and equally secure. The problem with storing the files on the bank's server is that it may eventually take up too much space if millions of customers decide to use any e-wallet. According to GCIS, S-1 thin wallet solution makes more sense for consumers because they can get at their file from any computer. For proper online transaction, E-wallet S-2 solution requires that Movie Gallery website should be install BridgeBook S-8 software. BridgeBook S-8 software from GCIS is necessary so their on-line forms can gather information from consumers' wallets. If consumers want to do business with retailers who do not have this software, they will not be able to fill out the forms automatically but still will be able to use our e-wallets to copy and paste information into the forms. 14 (GCIS 2005) 13 - (n.d) “Discover the GCIS internet leverage.” http://www.gcis.ca/Ewallet/e-wallet (tm) solution from the Center.htm accessed February 2006 14 - (n.d) “Discover the GCIS internet leverage.” http://www.gcis.ca/Ewallet/e-wallet (tm) solution from the Center.htm accessed February 2006 Codewit Global Network © Copyright 2006 All right Reserved Page 19 of 42
Page 1 and 2: Business Case Analysis ‘Electroni
Page 3 and 4: most of their rental services and s
Page 5 and 6: In July 1994, Movie Gallery went pu
Page 7 and 8: . MOTIVATION Nowadays, the moderniz
Page 9 and 10: profits and can gain back the money
Page 11 and 12: other application provided. As show
Page 13 and 14: • E-wallet payments allow for the
Page 15 and 16: analyze three e-payment systems and
Page 17: RECOMMENDED EPS SYSTEM Because of s
Page 21 and 22: N: B Diagram on this page are captu
Page 23 and 24: number on your eWallet and drop it
Page 25 and 26: For the implementation of online e-
Page 27 and 28: Web security software 1000 ECML 100
Page 29 and 30: As seen the demonstrated cost of ma
Page 31 and 32: Implementing EPS for Movie gallery
Page 33 and 34: Photocopying 1,500 Administration (
Page 35 and 36: Cost price of goods sold 620,000 Gr
Page 37 and 38: 800,000 780,000 760,000 740,000 720
Page 39 and 40: Graphical analysis of Expenditures
Page 41 and 42: REFERENCES 3. Efraim, K.J., et al

Business Case Analysis 'Electronic Payment Systems in Action ...

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