Is there any difference between traditional banking and payment software?

1, electronic payment is the use of advanced technology through the digital flow to complete the transmission of information, its various payment methods are digitized for payment of money; and traditional payment methods are through the flow of cash, the transfer of bills and bank remittances and other physical entities to complete the payment of money.

2, the working environment of electronic payment based on an open system platform (i.e., the Internet); while the traditional payment is operating in a more closed system.

3, electronic payment is the use of the most advanced means of communication, such as Internet, Extranet, while the traditional payment is the use of traditional communication media; electronic payment of software and hardware facilities are very high, generally require a network of microcomputers, related software and some other supporting facilities, while the traditional payment is not so high requirements.

4, electronic payment is convenient, fast, efficient, economic advantages. As long as the user has a PC with Internet access, he or she can leave home and complete the entire payment process in a short period of time. Payment costs are only equivalent to a few dozen percent of the traditional payment, or even a few hundred percent.