Unit 6 Electronic Payment

Unit 6 Electronic Payment

Unit 6 Electronic Payment

July 14, 2014

Unit 6 Electronic Payment

Warm-up Background Information Word Study &Text Analysis Exercises

July 14, 2014

Unit 6 Electronic Payment

Warm-upRead the following page from PayPal, and discuss the questions with your classmates: What is the program used for? List some similar programs you have encountered in your online experiences.

July 14, 2014

Unit 6 Electronic Payment

Background Information货币电子化、支付过程信息化是电子商务的重要 特征之一。电子支付有很多方式，例如信用卡、电子 支票、电子钱包、电子现金、电子资金转账等等。目 前，影响电子商务能否成功的关键因素之一是电子支付的安全性。

July 14, 2014

Unit 6 Electronic Payment

Background InformationeBay的PayPal、阿里巴巴的支付宝、易趣网的安 付通、拍拍网的财付通等都是典型的第三方网上支付 工具。支付宝的交易流程如下图：

July 14, 2014

Unit 6 Electronic Payment

Text AnalysisCredit Card Payment ProcessToday, we have many electronic payment options such as credit card, electronic check, electronic wallet, electronic cash and electronic fund transfer. [1] Credit card is by far the most popular method that consumers use to pay for online purchases.

July 14, 2014

Unit 6 Electronic Payment

Text AnalysisThe process of credit card payment has two major phases: authorization and settlement. [2] Authorization determines whether a buyer’s credit card is active and with sufficient funds. (译文) Settlement involves the transfer of money from the buyer’s account to the merchant’s account. For a certain credit card and processing system, the processes and participants are essentially the same for online (card not present) and offline (card present) purchases. [3] The following table compares the steps involved in making a credit card purchase both online and offline.

July 14, 2014

Unit 6 Electronic Payment

Text AnalysisCredit card purchases: online versus offlineOnline Purchase1. The customer decides to purchase an item online, adding it to the electronic shopping cart and then going to the checkout page to enter his or her credit card information.

Offline Purchase1. The customer selects an item to purchase and takes it to the checkout counter, then hands his or her credit card to the cashier.

July 14, 2014

Unit 6 Electronic Payment

Text AnalysisOnline Purchase2. The merchant site receives the customer’s account information and transfers it to its payment processing service (PPS).

Offline Purchase2. The cashier swipes the card and transfers the transaction information to a point of sale (POS) terminal.

3. The PPS routes the 3. The POS terminal routes information to the processor (a information to the processor. large data center for processing transactions and settling funds to the merchant).

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Unit 6 Electronic Payment

Text AnalysisOnline Purchase4. The processor sends information to the issuing bank of customer’s credit card. 5. The issuing bank sends the transaction to the processor, either authorizing the payment or not. (译文)

Offline Purc

hase4. The processor sends information to the issuing bank of the customer’s credit card. 5. The issuing bank sends the transaction to the processor, either authorizing the payment or not.

July 14, 2014

Unit 6 Electronic Payment

Text AnalysisOnline Purchase6. The processor routes the transaction result to the PPS. 7. The PPS passes the result to the merchant. 8. The merchant accepts or rejects the transaction.

Offline Purchase6. The processor routes the transaction result to the POS. 7. The POS shows the merchant whether the transaction has been approved or not. 8. The merchant tells the customer the outcome of the transaction.

July 14, 2014

Unit 6 Electronic Payment

Text AnalysisCredit card payment online is very convenient for consumers. However, a concern of consumers is the security while sending credit card information over the Internet. Consumers also want to be sure that no one will change their order and they are connected to the real vendor and not to an impostor. ( 译文 ) How to guarantee the safety of credit card payment online is the critical part for the development of electronic commerce.

July 14, 2014

Unit 6 Electronic Payment

The Key to Exercises: Reading comprehension 1 (1) F (2) T (3) F (4) F (5) F

July 14, 2014

Unit 6 Electronic Payment

The Key to Exercises: Reading comprehension 2 (1) Today, we have several electronic payment options such as credit card, electronic check, electronic wallet, electronic cash and electronic fund transfer. (2) Credit card is by far the most popular method that consumers use to pay for online purchases. (3) Customer, merchant, issuing bank, payment processing service, and processor. (4) A concern of consumers is the security while sending credit card information over the Internet.

July 14, 2014

Unit 6 Electronic Payment

The Key to Exercises: Vocabulary A6 B1 C7 D5 E3 F2 G4

July 14, 2014

Unit 6 Electronic Payment

The Key to Exercises: Translation 1 (1) 认证过程决定购物者的信用卡是否有效以及是否 有足够资金。 (2) 发卡行将支付认证是否通过的处理结果发送给处 理中心。 (3) 消费者也想确定没有人修改其订单、联络的是真 正的商家而不是假冒者。

July 14, 2014