E-Commerce Security

The Security is the major aspect in E-Commerce as the e-commerce is done over an open network called Internet.

In E-Commerce the Customer provides his credit card and other important details over the internet which may be stolen by an unauthorized person/hacker and can be misused.

For Example a customer has ordered for 100 quantities and it may convert into 1000 quantities during sending it to trader.

E-Commerce Security is classified same as Network Security into below four sections.

(1) Confidentiality

(2) Integrity

(3) Authentication

(4) Non-repudiation

(1) Confidentiality:

Confidentiality means security of Information, so that an unauthorized person can not read it.

Confidentiality can be achieved by cryptography.

In cryptography messages are sent into encrypted (changed) form between two parties.

(2) Integrity :

Integrity means the receiver will receive only the information which is actually sent to him by the sender.

By integrity if any one makes changes in the information/data, then it can be identified very easily.

By integrity we can overcome the problem of changes in order and payment.

Advantages of E-Commerce

(1) Fast Transaction:

The Company/organization can put the online order without delay.

The Producer can immediately process the order.

(2) Low Cost:

The online marketing and sales decrease the cost of business expense. The company can do all the transaction online that decrease the cost of correspondence/courier and telephone.

The producer can keep the less stock of goods and this saves storage capacity as they can immediately get the goods due to fast transaction.

(3) Customer Satisfaction:

By providing fresh and corrected information the relationships with the customer becomes strong. The Customer can have the wide range of choice and can get the things with best price

Electronic wallets Payment Method

(5) Electronic wallets:

The Electronic wallet is used to save our time and efforts in filling the credit card and other details every time we shop online.

By using the electronic wallets there is no need to fill credit card and other details every time, it is automatically stored in the respective fields of form. By electronic wallets shopping becomes very speedy and easy.

The electronic wallet is same as our physical wallet in which we can store the details of credit card, identity, address and e-cash.

The user/customer can store the electronic wallet in his personal computer or in the server provided to him.

If the electronic wallet is stored in user/customers computer, then the shopping is only made from this computer only. Hence the use of this electronic wallet becomes limited.

Also if the electronic wallet is stored on the server, then the shopping can be made from anywhere by get connecting with server.

Electronic Cash (E-Cash) Payment Method

(4) Electronic Cash (E-Cash):

Electronic cash are same as physical cash.

The user put e-cash in digitally signed file on the medium of floppy / cd / pen drive / flash drive.

A user can get the e-cash by paying through credit card or ATM.

The trader who accepts the e-cash open his account with the bank who issue e-cash to the customer. The customer who shops from such online trader’s website, transfers the e-cash into the traders special account.

The e-cash providing by Digicash (www.digicash.com) is an example of electronic cash.

In e-cash there is no personal identification, so security is the major question of e-cash. However for high security the bank who provides the electronic cash issue the notes and coins with digitally signature.

The e-cash is stored as token in the file which includes total amount, serial numbers and digital signature. The e-cash is used only once by matching the digital signature.

Also nowadays the credit card and other payment facility are very famous and easy, so electronic cash is reducing slowly.

Net Banking Payment Method

(3) Net Banking:

Net Banking means online Banking.

The Bank provides the Net Banking Password to the customer to operate his bank account and online payment.

<<<<===How to pay using Net Banking==>>>>>>

When user selects the option of Net Banking Payment, he is asked to select the Bank Name.

When user selects the Bank Name, the respective Bank Web Site is opened.

A user can now login using his provided Account Number and Net Banking Password.

After login he transfer amount to online trader account.

Net Banking Payment Method

(3) Net Banking:

Net Banking means online Banking.

The Bank provides the Net Banking Password to the customer to operate his bank account and online payment.

<<<<===How to pay using Net Banking==>>>>>>

When user selects the option of Net Banking Payment, he is asked to select the Bank Name.

When user selects the Bank Name, the respective Bank Web Site is opened.

A user can now login using his provided Account Number and Net Banking Password.

After login he transfer amount to online trader account.

Smart Card Payment Method

(2) Smart Card:

The Smart Card stores the information using microchips.

A user can store the information of credit card, Billing & Delivery, and Health on the Smart Card.

A user can also put the electronic cash (E-Cash) in the Microchips.

The Microchips provides the capacity for information process and communication with other devices.

The Smart Card store all the information in the form of encrypted, so it very safe. Encrypted information can only be retrieved by using PIN (Personal Identification Number).

The Smart Card Reader Machine is required to be attached with a computer to access the Smart Card.