History and Role of Internet Money Transfers: Types, Advantages, and Disadvantages, Slides of Fundamentals of E-Commerce

Download History and Role of Internet Money Transfers: Types, Advantages, and Disadvantages and more Slides Fundamentals of E-Commerce in PDF only on Docsity! CAN INTERNET SUPPORT MONEY TRANSFER FROM ONE COUNTRY TO ANOTHER? AGENDA • History of Internet Money Transfer • Role of Internet money Transfer for Country to Country • Types of Internet Money Transfer • Advantages & Dis-Advantages • Conclusion Docsity.com HISTORY OF INTERNET MONEY TRANSFER • 1994 – Stanford Federal Credit Union & • 1995 – Presidential Savings Bank ROLE OF INTERNET MONEY TRANSFER FROM ONE COUNTRY TO ANOTHER • Easy & Fast way of money transfer • Payments & business Transactions across the countries • Can send money from any part of the world. Docsity.com BIC (BANK IDENTIFIER CODE) DEUTDEFFT60 DEUT FF T60 DE Deutsche Bank Country Code City Code Unique Branch code ADVANTAGES DIS-ADVANTAGES • Transfer rates based on market rates • High level of security • Charges will be High • International Bank account needed Advantages Dis-Advantages Docsity.com E-MAIL TRANSFER OPERATORS Correct Sender Create a Security Question Online Account with Service provider Receiver answer for the E-mail Transfer Money MOBILE MONEY TRANSFER Docsity.com CONCLUSION • And also from my money transfer experience, the online played a big part and it’s been reliable & easy too. Now online money transfers have done lot of opportunities for people to enjoy life. • Future Growth will be on Mobile Money Transfer. Docsity.com