Title: Electronic Payment System
Initiatives
in Selected Countries in the World: A Brief Comparison
Abstract: The
initiatives
of building the Electronic Payment Systems have started before the
early
years of the “Golden Era” of the dot-coms. These have been major
encouragement
by the state authority’s to the enterprises to support the enterprises
participation
and involvement in the e-commerce business and transaction. Different
techniques
were taken up by the state authorities to inaugurate the Electronic
Payment
System in their own countries. Policies, regulations and workable
systems
have since then being developed and these developed systems were then
introduced
to other countries in the effort to promote theses systems to become
more
widely used. The promotion effort was a noble effort as it has
encouraged
the Electronic Payment System development activities in the world and
creates
multi-dimensional system covering businesses using the non-mobile or
mobile
devices. Today, these initiatives have created a diverse Electronic
Payment
System covering micro transaction, vast purchasing and real-time stock
taking
plus mobile transaction and banking. This paper will be highlighting
the
major initiatives taken in selected countries around the world. The
objective
is to analyze their effort and the available Electronic Payment System
in
the world, to help give recommendation to the development and
improvement
of current Electronic Payment System effort in Malaysia.
Author: Azah Anir
Norman