What are the characteristics of electronic payment compared with traditional payment methods?

Compared with traditional payment methods, electronic payment has the following characteristics:

1. Electronic payment uses advanced technology to complete information transmission through digital circulation, and all payment methods are digital. The traditional payment method is to complete the payment through physical entities such as cash circulation, bill transfer and bank remittance.

2. The working environment of electronic payment is based on an open system platform (Internet); However, traditional payment is operated in a relatively closed system.

3. Electronic payment uses the most advanced communication means, such as Internet and extranet, while traditional payment uses traditional communication media; Electronic payment requires higher hardware and software facilities, and generally requires networked microcomputers, related software and other supporting facilities, while traditional payment does not have such high requirements.

4. Electronic payment has the advantages of convenience, quickness, high efficiency and economy. As long as users have a PC with Internet access, they can complete the whole payment process in a short time without leaving home. The payment fee is only a few tenths or even a few percent of the traditional payment.

In e-commerce, the payment process is a very important link in the whole business activity, and it is also a business process with the highest requirements for accuracy and security in e-commerce. The capital flow of electronic payment is a business process, not a technology.

Extended data:

I. Types of electronic payment:

The business types of electronic payment are divided into online payment, telephone payment, mobile payment, point-of-sale terminal transaction, ATM transaction and other electronic payments according to the initiation mode of electronic payment instructions.

1, online payment

Online payment is a form of electronic payment. Broadly speaking, online payment is a financial transaction between buyers and sellers based on the Internet and using some digital financial tools supported by banks.

Step 2 pay by phone

Telephone payment is an offline form of electronic payment, which refers to the way that consumers use telephones (fixed telephones, mobile phones, PHS) or other terminal devices similar to telephones to directly complete payment from personal bank accounts through the banking system.

3. Mobile payment

Mobile payment is a new payment method that uses mobile devices to complete payment by wireless means. The mobile terminal for mobile payment can be a mobile phone, PDA, mobile PC, etc.

Second, the reform of electronic payment:

The smooth operation of the reform of electronic payment will make the payment of financial funds more secure, and a fund safety protection network will be formed through measures such as prior identity authentication, electronic signature during the event, and post-event safety audit.

The payment of financial funds is more efficient, and the payment cycle of funds is shortened from the original daily calculation to the hourly calculation, which greatly improves the efficiency. The centralized treasury payment system fully embodies the payment link, and the responsibility is clear to people;

The monitoring of financial funds is more powerful. With the help of the integrated payment system, the province's districts and cities have realized real-time dynamic monitoring of financial funds, effectively reducing illegal expenditures;

Office resources are more economical. Compared with the previous paper vouchers, electronic payment uses a reliable electronic signature, and there is no need to print, sign and deliver bills.

Baidu encyclopedia-electronic payment