Expected Outcomes:

• We will explore the role of electronic payment processors and payment gateway systems (ex. PayPal).
• We will also be going over how the electronic credit card payments flow thru the banking system.
• Our report will extend to talk about the role of PCI DSS, especially how they ensure security for credit card payments?

Definitions:

Electronic Payment System

shall mean a payment system operating with electronic money.

Definition provided by Alpari.org

e·lec·tron·ic

1. of or pertaining to electronics or to devices, circuits, or systems developed through electronics.
2. of or pertaining to electrons or to an electron.
3. of, pertaining to, or controlled by computers, or computer products and services.
   
   

pay·ment

1. something that is paid; an amount paid; compensation; recompense.
2. the act of paying.
3. reward or punishment; requital.
   
   

sys·tem

1. an assemblage or combination of things or parts forming a complex or unitary whole: a mountain system; a railroad system.
2. any assemblage or set of correlated members: a system of currency; a system of shorthand characters.
3. a coordinated body of methods or a scheme or plan of procedure; organizational scheme: a system of government.
4. any formulated, regular, or special method or plan of procedure: a system of marking, numbering, or measuring; a winning system at bridge.
5. Computers. a working combination of hardware, software, and data communications devices.
6. due method or orderly manner of arrangement or procedure: There is no system in his work.

Suggested Readings:

1. PCI DSS (.pdf)
   Suggested time: 20 minutes
   "This document describes the 12 Payment Card Industry (PCI) Data Security Standard (DSS)
   requirements. These PCI DSS requirements are organized in 6 logically related groups, which are
   “control objectives.” " Review the 12 requirements of the security standards
   
   
2. How Stuff Works: Electronic Payment
   Suggested time: 15 minutes
   "In this article, we'll look at the types of electronic payment, discuss its benefits and limitations
   and explain how to add e-payment capability to your Web site" Read part 1 - 6 of the article
   
   
3. Future of Electronic Payments
   Suggested time: 15 minutes
   A brief overview of the past, present, and future of the Electronic Payment System
   
   

Presenters / Researchers:

Jenny Albrecht	albrechj@onid.orst.edu
Brenden McNulty	bmcnut@gmail.com
Michael O'Connor	oconnorm@onid.orst.edu

Optional Files :

Presentation Powerpoint (.ppt) Located under Attachments below (King of Spades.pptx)
Presentation Note Sheet (.pdf) *coming soon*