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Objective:

 To learn the concept of E-Payments systems and to compare different e-transactions methods.

 

Uploading instructions:

 

Please view the Assignment Submission Process document provided to you by the Virtual University for uploading assignments.

 

  • Assignment should be submitted in .doc file only, No other Assignment format will be accepted.
  • For Q#3 (Survey question) you need to consult the .pdf file attached with the Assignment in Zipped format.
  • Save your assignment with your ID (e.g. bc020200786.doc).
  • No assignment will be accepted through email.

 

Rules for Marking:

 

It should be clear that your assignment will not get any credit if:

 

  • The assignment is submitted after due date.
  • The submitted assignment does not open or file is corrupted.
  • Your assignment is copied from internet, handouts or from any other student

      (Strict disciplinary action will be taken in this case).

 

Question#1:                                                                                                                                  ( 5 Marks )

 

Private key means that each computer has a secret key (code) that it can use to encrypt a packet of information before it is sent over the network to the other computer. Private key requires that you know which computers will talk to each other and install the key on each one. Private key encryption is essentially the same as a secret code that the two computers must each know in order to decode the information. The code would provide the key to decoding the message.  

 

Receiver party should know the secret code to decrypt message.

 

Suppose Ahmad's friend is living abroad and he wants to send a coded message to his friend. Ahmad wants that only his friend may read/understand message. He applied a simple scheme and substituted each letter by the letter that is second to it. For example: "C" became "E" and "D" became "F". After applying scheme the result is:

 

Oa  rcuuyqtfu ctg "nkhg chvgt fgcvj" cof  "cjocfmjcnkf"  .

 

You are required to decrypt Ahmad's message.

 

 

 

 

 

Question # 2 :                                                                                                                    5 Marks (2.5 +2.5 )

 

In this age, we want to make business /financial transactions simpler. In older traditional methods, we exchange physical money for transaction. We sometimes may have disadvantages in this way like security issues.

 

Nowadays, ATM or smart cards for financial exchange are quiet popular.

 

a)      Having these facilities, what’s the need of Digital wallet?

b)      How Digital wallets work?

 

Question # 3 :                                                                                                                  5 Marks

 

Survey : “ Measuring the Effectiveness and Value of E-Payment Solutions “

 

After reading this survey, we conclude a result that most of the big companies/businesses are using e-payments instead of manual paper system. Companies using new e-payments methods are generating relatively more revenue. How can you relate increase in revenue with use of e payment services? List any 5 features that are contributing in generating more revenue. (According to survey conducted)

 

Note: Each factor should be properly explained in 1-2 lines.       

 

 

Deadline:

Your Assignment must be uploaded/submitted on or before 6th January, 2013.

 

Tags: !!!, &, 3, Assignment, Date:06-01-2013, Discussion, Due, E-Commerce, IT430, No, More…Solution

Views: 5364

Attachments:

Replies to This Discussion

PLZZZZ DISCUSS N SHARE UR IDEAS HERE!!!

 +♦6^6 Faizan e Raza  plz dont mind mjy ap k ans k smj ni ai ha

SOOO SAD!!!

APP KO ABC BHOOL GAI!!!

Receiver party should know the secret code to decrypt message.

 

Suppose Ahmad's friend is living abroad and he wants to send a coded message to his friend. Ahmad wants that only his friend may read/understand message. He applied a simple scheme and substituted each letter by the letter that is second to it. For example: "C" became "E" and "D" became "F". After applying scheme the result is:

 

Oa  rcuuyqtfu ctg "nkhg chvgt fgcvj" cof  "cjocfmjcnkf"  .

 

You are required to decrypt Ahmad's message.

ANSWER:

Oa  rcuuyqtfu ctg "nkhg chvgt fgcvj" cof  "cjocfmjcnkf"  .

 

MY PASSWORDS ARE “LIFE AFTER DEATH” AMD “AHMADKHALID”.

NOTE:

IF THERE IS "P" INSTEAD OF "O" IN "cof" THEN IT WILL BE DECRYPT AS "AND"



THATS RIGHT!!!

BEFORE APPLYING SCHEME!!!

 

MY PASSWORDS ARE “LIFE AFTER DEATH” AMD “AHMADKHALID”.

AFTER APPLYING SCHEME!!!

Oa  rcuuyqtfu ctg "nkhg chvgt fgcvj" cof  "cjocfmjcnkf"  .


Our main purpose here discussion not just Solution

Please Discuss here about this assignment.Thanks

sum1 plz give the solution of 2nd qusetion???????????????

 DIGITAL WALLET:

digital wallet is a blanket descriptor for a range of technologies that let you perform many tasks. In general, though, a digital wallet (also sometimes called an e-wallet) is a transformation in the way you pay for things.

Many digital wallet services work through apps on your smartphone. At the supermarket, for instance, you might simply tap your phone to a compatible check-out register to pay instantly. For others, all you need to use them is something you know, such as your mobile phone number and a PIN (personal identification number).

No matter what form it takes, a digital wallet is based on encryption software that substitutes for your old, analog wallet during monetary transactions. You benefit from the protection and convenience. Merchants benefit because they're more protected against fraud and they sell more products, faster.

A smartphone digital wallet will help you pay for stuff, but it will also store your concert tickets, bus and subway passes and gift cards. Retailers will reward your loyalty by offering instant freebies, discounts and coupons. Your digital wallet might even unlock the doors to your house.

A digital wallet could alter the way you organize your finances and your life in general. Keep reading and you'll see how.

Digital wallet

The traditional leather wallet is your stalwart companion for safekeeping precious possessions of all kinds. It holds tightly your cash, credit cards, family pictures, driver's license, insurance identification, shopping loyalty cards and more. Alas, your wallet grows thicker and more unwieldy by the day; your spine shrieks every time you sit on it the wrong way.

To combat theft, simplify your finances, avoid being the "check-writing guy" in line at the store and maybe even ward off trips to the chiropractor, perhaps it's time for a wallet upgrade. For that, you might consider the digital wallet.

Before we go any further, understand that the term digital wallet is a blanket descriptor for a range of technologies that let you perform many tasks. In general, though, a digital wallet (also sometimes called an e-wallet) is a transformation in the way you pay for things.

Many digital wallet services work through apps on your smartphone. At the supermarket, for instance, you might simply tap your phone to a compatible check-out register to pay instantly. For others, all you need to use them is something you know, such as your mobile phone number and a PIN (personal identification number).

No matter what form it takes, a digital wallet is based on encryption software that substitutes for your old, analog wallet during monetary transactions. You benefit from the protection and convenience. Merchants benefit because they're more protected against fraud and they sell more products, faster.

A smartphone digital wallet will help you pay for stuff, but it will also store your concert tickets, bus and subway passes and gift cards. Retailers will reward your loyalty by offering instant freebies, discounts and coupons. Your digital wallet might even unlock the doors to your house.

A digital wallet could alter the way you organize your finances and your life in general. Keep reading and you'll see how.

Word Formate Main SolutiOn Mil Sakta Ha ?

Need of Digital wallet:

Customers must have digital wallet software that stores certificates and card information. The concept of the digital wallet emerged as a way to promote safe electronic cash transactions, as well as a way to make online shopping more efficient. The basic premise of a digital wallet, also sometimes called an e-wallet, is to create a secure online space for storing payment information that can be accessed by an authorized user anytime, in any place. No manual entry of account information is required when using an e-wallet program

Digital wallets work:

Customers must have digital wallet software that stores certificates and card information. The term “digital wallet” applies to a range of programs that allow consumers to electronically transfer money from personal accounts in order to pay for goods or services. Most of the time, online purchases require payment by credit card or bank account transfer. Technology known as a digital wallet makes online shopping easier and faster by offering consumers an electronic way to store payment information. 

Thank you!

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