Electronic Payment System part 1

Duration: 13 min

This video lesson is available to enrolled students.

Return to /learn/BIHAR-STET-COMPUTER-SCIENCE-COMPLETE-COURSE/unit-14-e-commerce/electronic-data-interchange-and-e-commerce/electronic-payment-systems/asset-electronic-payment-system-part-1 after enrolling

Inside: a video lesson and guided study material.

Module outline

  1. About the course: About the Course
  2. Mathematical Aptitude: संख्या पद्धति / Number System, महत्तम समापवर्तक और लघुत्तम समापवर्त्य / HCF and LCM, Divisibility Rules, प्रतिशत / Percentage, अनुपात और समानुपात / Ratio and Proportion, औसत / Average, लाभ, हानि और बट्टा / Profit, Loss and Discount, समय और कार्य / Time and Work, घन क्षेत्रमिति / Solid Mensuration, साधारण और चक्रवृद्धि ब्याज / Simple and Compound Interest, समय, चाल और दूरी / Time, Speed and Distance, Age Problems, मिश्रण और एलिगेशन / Mixture and Alligation, Algebra, सरलीकरण, घातांक और करणी / Simplification, Indices and Surds, Pipe and Cistern, Trigonometry, Statistics, आँकड़ा निर्वचन / Data Interpretation, Arithmetic, समुच्चय, संबंध, फलन और विविक्त गणित / Sets, Relations, Functions and Discrete Mathematics, संख्या पद्धति और संख्या सिद्धांत / Number Systems and Number Theory, निर्देशांक ज्यामिति, सदिश और त्रिविमीय ज्यामिति / Coordinate Geometry, Vectors and 3D Geometry, बहुपद, समीकरण और सम्मिश्र संख्याएँ / Polynomials, Equations and Complex Numbers
  3. Logical Reasoning: श्रेणी / Series, कूट लेखन एवं कूट वाचन / Coding-Decoding, सादृश्यता एवं वर्गीकरण / Analogy and Classification, रक्त संबंध / Blood Relations, दिशा एवं दूरी / Direction and Distance, क्रम एवं रैंकिंग / Order and Ranking, अशाब्दिक तर्क / Non-Verbal Reasoning, बैठक व्यवस्था एवं पहेलियाँ / Seating Arrangement and Puzzles, Syllogisms, वेन आरेख, न्याय वाक्य एवं असमानता / Venn Diagrams, Syllogism and Inequalities, गणितीय संक्रियाएँ एवं लुप्त संख्या / Mathematical Operations and Missing Numbers, वर्णमाला एवं संख्या परीक्षण / Alphabet and Number Test, कथन आधारित तार्किक विवेचन / Statement-Based Reasoning, Analytical Reasoning (Counting Figures Reasoning), घन, पासा एवं आकृतियों की गिनती / Cubes, Dice and Figure Counting, कैलेंडर एवं घड़ी / Calendar and Clock, Clock
  4. General Knowledge: वैज्ञानिक उपलब्धियाँ और अनुसंधान / Scientific Achievements and Research, Chemistry, Biology, History, Geography, Polity, Indian Economy, समसामयिकी / Current Affairs, Static General Knowledge, राज्य विशेष सामान्य ज्ञान / State-Specific General Knowledge
  5. Art of Teaching: शिक्षण-अधिगम प्रक्रिया एवं कक्षा प्रबंधन / Teaching-Learning Process and Classroom Management, Learners & Learning Process, Factors Affecting Teaching, शिक्षण विधियाँ एवं उपागम / Teaching Methods and Approaches, सूक्ष्म शिक्षण एवं कक्षा संप्रेषण / Microteaching and Classroom Communication, शिक्षण सहायक सामग्री एवं शैक्षिक तकनीकी / Teaching Aids and Educational Technology, आकलन एवं मूल्यांकन / Assessment and Evaluation, शिक्षक: गुण, व्यावसायिक नैतिकता एवं विकास / Teacher: Qualities, Professional Ethics and Development, शैक्षिक नीतियाँ, अधिनियम एवं प्रशासन / Educational Policies, Acts and Administration, पाठ्यचर्या, कला एवं सह-शैक्षिक क्षेत्र / Curriculum, Arts and Co-curricular Areas, निर्देशन एवं परामर्श / Guidance and Counselling, दिव्यांग बच्चों की शिक्षा / Education of Children with Disabilities, Micro-Teaching & Teaching Skills, पाठ योजना / Lesson Planning
  6. Environmental Science: Environment
  7. Unit 1 | Digital Electronics: Digital Systems & Boolean Basics, Logic Gates & Hardware, Boolean Expression, Boolean Minimization, Combinational Circuit, Sequential Circuits, Number System, Number Representation
  8. Unit 2 | COA: Basics of COA, Floating Point Rep, Cache Memory Organization, Input Output Organisation, Instr Formats & Modes, Control Unit Design, Register Transfer and Microoperations, Programming the Basic Computer
  9. Unit 3 | C Programming: C Fundamentals, Control Flow, Functions, Arrays & Pointers, Storage Classes, Structures & Enums, DMA, Macros, Scoping & File Handling
  10. Unit 3 | Data Structures: Introduction to DS, Array, Stack, Queue, Linked List, Tree, Graphs, Hashing
  11. Unit 4 | Algorithms: Algorithm Analysis, Time Complexity Analysis, Sorting Algorithms, Dynamic Programming, Minimum Spanning Trees, Shortest Path Algos, Advanced Algorithms
  12. Unit 5 | Operating System: Introduction to OS, Process Management, CPU Scheduling, Process Synchronization, Threads & Process Creation, Deadlock, Memory Management, Virtual Memory, Disc Scheduling, File Management
  13. Unit 6 | Database Management System: Basics of DBMS, ER Diagram, Relational Model & Functional Dependencies, Keys & Integrity Constraints, Normalization (1NF - BCNF), Decomposition Properties & 4NF, File Organization & Indexing, Relational Algebra, SQL, Transaction Management, Concurrency Control
  14. Unit 7 | Computer Networks: Introduction to CN, Data Communication, DLL: Access Control, DLL: Flow Control, DLL: Error Control, DLL: Framing, Data Link Layer - Ethernet, Net Layer: IPv4 & Proto, Net Layer: IP Addressing, Net Layer:Routing Protocol, Transport Layer Services, TL: Congestion & UDP, Application Layer
  15. Unit 8 | Software Engineering: Fundamentals of Software Engineering, Software Requirements and Quality Assurance, Software Design, Estimation and Metrics, Software Testing, Software Maintenance and Configuration Management
  16. Unit 9 | Object Oriented Programming: OOPS with C++
  17. Unit 10 | Web Development: HTML Basics, CSS, JavaScript-Basics, XML, Node.js, Git & Github
  18. Unit 11 | Theory Of Computation: Introduction to TOC, Deterministic FA (DFA), Non-Deterministic FA, Regular Expressions, Grammar, Regular Language Properties, Moore & Mealy Machines, Pushdown Automata & CFG, Turing Machines
  19. Unit 12 | IoT: Emerging Tech Trends, Cloud Computing, कंप्यूटर नेटवर्क / Computer Networks
  20. Unit 13 | Artificial Intelligence: Approaches to AI, Search Algorithms, Game Playing, Knowledge Representation, Natural Language Processing, Artificial Neural Networks, Genetic Algorithms
  21. Unit 14 | E-Commerce: Electronic Data Interchange and E-Commerce, Role of Internet and Web Services, Security in Mobile and Wireless Computing, Physical Security and Cryptography Basics, Cyber Safety and Security
  22. Unit 15 | Multimedia: Multimedia
  23. Unit 16 | Python: Introduction to Python, Tokens, Variables, Data Types, I/O, Operators & Expressions, Control Flow & Looping, Collections & Strings, Functions & Modules, File Handling & Data Analysis, DSA using Python
  24. Full Length Mock Tests — General Paper:
  25. Full Length Mock Tests — Computer Science (Paper II):
AI summary & chapters

AI Summary

An AI-generated summary of this video lecture.

This educational video provides a comprehensive lecture on Electronic Payment Systems, specifically tailored to the Indian context. The session begins by defining what an electronic payment system is, identifying its core components such as payers, payees, financial institutions, and communication networks. The instructor then categorizes various types of electronic payment methods, including Unified Payments Interface (UPI), mobile wallets, debit and credit cards, and immediate payment services like IMPS. The lecture further details interbank transfer systems like NEFT and RTGS, as well as prepaid instruments. Finally, the video concludes by outlining the key advantages of these systems, such as 24/7 accessibility, global reach, and enhanced security through encryption.

Chapters

  1. 0:00 – 2:00 00:00-02:00

    The video opens with a title slide reading 'Concepts in Electronics payment systems, E-Cash, Credit/Debit Cards'. The instructor underlines the main title and begins brainstorming key terms related to the topic. She writes 'UPI', 'Wallets', 'Cards', and 'IMPS' on the screen, followed by 'NEFT' and 'RTGS', establishing the scope of the lecture which covers both consumer-facing tools and interbank transfer systems.

  2. 2:00 – 5:00 02:00-05:00

    The slide changes to 'What is an Electronic Payment System?'. The text defines the system as allowing online payments without physical cash or cheques, irrespective of time and location. The instructor underlines key components listed in the text: 'payers and payees', 'financial institutions', 'electronic devices', 'communication networks', 'payment gateways', and 'mobile payment apps'. She annotates the screen with 'Eps' (Electronic Payment Systems), 'Payer', 'Payee', and 'FI' (Financial Institutions). She also lists examples of electronic devices including 'small', 'ATM', 'laptop', and 'POS'.

  3. 5:00 – 10:00 05:00-10:00

    The lecture moves to 'Types of Electronic Payment System', highlighting India's growth in this sector. The first type discussed is 'Unified Payments Interface (UPI)', described as linking multiple bank accounts to a single mobile application. The instructor writes 'Bank' and 'Practical' to emphasize its utility. Next, 'Mobile Wallets' are covered, with examples like 'Paytm', 'PhonePe', and 'Google Pay' mentioned in the text. The instructor writes 'Airtel' and 'Amazon Wallet' as specific examples. The third type is 'Debit and Credit Cards', used for 'Point-of-Sale (POS)' transactions and 'ATM' withdrawals. The fourth type is 'Immediate Payment Service (IMPS)', noted for enabling instant interbank transfers.

  4. 10:00 – 12:58 10:00-12:58

    The final section details more transfer systems. 'National Electronic Funds Transfer (NEFT)' is defined as a one-to-one fund transfer operating on a deferred settlement basis. 'Real-Time Gross Settlement (RTGS)' is described as allowing real-time settlement for large-value transactions. 'Prepaid Instruments' like gift cards are also mentioned. The instructor writes 'IMPS', 'Bank -> Bank', 'Instant', '24x7', and 'NEFT' to compare these systems. The video concludes with a slide on 'Advantages of Electronic Payment System', listing '24/7 Accessibility', 'Global Accessibility', 'Instant Transactions', 'Faster Settlement', 'Record-Keeping and Tracking', and 'Encryption and Authentication'.

The lecture systematically builds an understanding of electronic payment systems, starting from a fundamental definition and moving to specific implementations. It begins by establishing that these systems facilitate online transactions without physical currency, relying on a network of payers, payees, financial institutions, and digital devices. The instructor emphasizes the shift from physical modes to digital alternatives for speed and efficiency. The core of the lecture categorizes payment methods into distinct types relevant to the Indian market. It highlights UPI as a dominant force for linking bank accounts, mobile wallets for stored value transactions, and cards for POS and ATM usage. The discussion then broadens to interbank transfer mechanisms, distinguishing between the deferred settlement of NEFT and the real-time, high-value nature of RTGS. The session wraps up by reinforcing the benefits of these systems, such as round-the-clock availability, global reach, and robust security features like encryption, which collectively support a diverse range of financial activities from bill payments to person-to-person transfers.

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