1.0 Introduction
Electronic payment system is the means of paying for goods and services without checks or cash, it is also called an online payment system. The electronic payment system has grown dramatically over the last few decades thanks to the use of the Internet and the general shopping experience. As a leading global technology developer, electronic payments and payment instruments have been set up to improve and protect ABB’s payment transactions while reducing the percentage of checks and balances of cash. This essay will be focused on the advantages and disadvantages of E-payments along with the effects of E-payment on environment and business.