PPT FLIP COMPANY

8/10/2019 PPT FLIP COMPANY

1/13

Rajat SinghMBA (Marketing)

DEPARTMENT OF BUSINESS ADMINISTRATION

UNIVERSITY OF LUKCNOW

Presented by :


2/13

re at a restaurant, and pay by a cror debit card;

send a demand draft to our brothe

receive a cheque;

make an online payment via direcbank debit to purchase railway ti

Increasing number of times when we paywith methods that dont use cash


3/13

Categories of Payments given by aPayer :-

1.Paper-based Payments : Cheques & Demand D

2.Card-based Payments : Debit and Credit Cards

3.Electronic Payments : ECS, NEFT, RTGS


4/13

PAPER BASED PAYMENTS

Payable by the PAYER whoholds an account with the

paying bank.

It is drawn on a specified

banker.

It is an order to pay written by a

drawer.

It is a risky payment method.

Cheque


5/13

Also called D.D.Payable by the payin

itself.

Less risky payment m

No practical risk of b

Demand Dra


6/13

CARD BASED PAYMENTS

Card is made of plastic, the payment instruction is

electronic . When we swipe our card and enter our PIN or signon a slip, an electronic authorized payment instructio

created.

The PIN or si gnature creates the authorization.

Credit Card Debit Card


7/13

It doesnt debit the account, but recordsit as a loan given to card holder, andwill charge him interest on it in case if

he doesnt pay y a due date.

A credit card is both a payment productand a loan product for a bank.

Credit Card


8/13

When we swipe our credit card and

our PIN bank would pay on our behalfirst debiting card holders account

debit card is a pure payment prod

Debit Card


9/13

ELECTRONIC PAYMENTS

In Electronic Payments,

the instruction to pay is created electronically; there isphysical payment instrument. The instructions are purelyelectronic.

ECSNEFT

RTG

The different electronic payment methods are :


10/13

It clears and settles mainly bulk, repeated electronicpayments.

For example , one can give a onetime authorization to Idea

Cellular, authorizing them to debit his account for the billamount every month. Idea will then request its bank to

collect these payments in bulk for all such customers.

ECS (Electronic Clearing service)


11/13

It is useful for one time electronic payments.

Example, one can choose to make a payment every month,

electronically. He has to instruct his bank by fil

either a paper or online (via Net banking) authorization-

to transfer the funds to Idea Cellulars account. For this, he

needs to have Idea Cellulars bank, branch and account

number.

NEFT (National Electronic Fund Transfer)


12/13

It is used when bill crosses Rs. 2 lakhs. If it does, and

one is in a hurry to transfer the funds, he can again

give an authorization to his bank as in the case of

NEFT. Idea will get the funds immediately.

RTGS (Real Time Gross Settlement)


13/13

TH NK YOU

Documents

PPT FLIP COMPANY