As a group, we really appreciate
you all stopping by to read our posts.
This started out as merely being an assignment that we had to complete
in order to be successful in this class.
In the end, I think we all found it very informative. I think that it also gave us a chance to step
back and notice just how much we use the internet to complete all types of
transactions via Online Payment Systems, OPS.
So, What about our blog would you
say stood out most? Let’s see…we stated
that some of the Pros of using online payment systems were time management,
convenience, saving money, and being more conscious of preserving our Planet by
using less paper. Of course, there are
numerous reasons as to why OPS may be the best choice for some of you. To sum it up, I really feel most consumers
and business owners would chalk up their choice to use Online Payment Systems
is simply for convenience.
But is the convenience really worth
it? We also had to point out the Cons of
using Online Payment Systems. The three
that our group chose to speak on were online security, missed errors, and
fees. Do you think the convenience of
OPS is worth any of these? We discussed
some of the everyday business operations and daily benefits of using online
payment systems, as well as the major issues associated with OPS.
So
what’s next……………
There is a lot of positive talk
about Online Payment Systems in the future.
The idea of making purchases and payments online is becoming more and
more accepted by people around the world.
I completed an informal survey while at work today and it was odd (well,
not really odd) but I found it interesting that not one person in my center
could say that they paid all of their household bills face to face. Actually, all but one person (and there are
19 of us, all females with an average age of 28 years old) stated that they
paid 90% of their bills online. As of
2010, fifty-two million households paid their bills online. That amount is steadily rising. This is most definitely a trend amongst the
“online payment world”.
Another trend is using credit card
readers. Many of you may be familiar
with the commercials for the “Intuit credit card reader”. This make doing business much easier because
you can conduct business and accept credit/debit cards from your phone. Well, I am very impressed with Paypal’s
version of the credit card reader, simply called “PayPal Here”. I think the major difference between this
credit card reader and many others is the fact that it works only with Apple
iOS and Android products, but most importantly, the fact that it is encrypted
and is backed by PayPal’s risk management capabilities. That gives you major comfort knowing that
PayPal went the extra mile to help you feel more comfortable using their
products. Along with the security, you
get the credit card reader along with the application for free (there is a 2.7%
fee charged to your customers per each transaction), your funds are available
to you fairly quickly, you can accept checks, send invoices from the app, and
quite a few other features.
Although I will not go into too
much detail, be on the look out for PayPal’s “Bill Me Later” product. It is sort of like a credit line built-in to
your Paypal account. I found it to be
pretty cool and again, it is just bringing us back to the realization that
there are so many ways of using Online Payment Systems currently and there will
surely be more to come.
Thanks again for keeping up with
our blog posts over the past several months.
Hopefully the information was as helpful for you as it was for us.
Sources:
Laudon, Kenneth C.
and Jane P. (2012) Management Information Systems: Managing the Digital Firm.
(Twelfth Edition)
