Advantages & Disadvantages of Electronic Payment System

Duration: 4 min

This video lesson is available to enrolled students.

Return to /learn/DSSSB-TGT-COMPUTER-SCIENCE-COMPLETE-COURSE/html/electronic-data-interchange-and-e-commerce/electronic-payment-systems/asset-advantages-disadvantages-of-electronic-payment-system after enrolling

Inside: a video lesson and guided study material.

Module outline

  1. About Course: About the Course
  2. Section A: General Awareness: Polity, Physics, Biology, Chemistry, Static General Knowledge, History, Geography, Indian Economy, GK- Current Affairs, Evolution of Indian Banking (Banking & Financial Awareness), Environment
  3. Section A: General Intelligence & Reasoning ability: Series (Number and Letter Series) (Numerical Relations and Reasoning), Coding Decoding, Data Sufficiency, Non Verbal Reasoning (Spatial Aptitude) (Spatial Reasoning) (Visual Reasoning), Analytical Reasoning (Counting Figures Reasoning), Blood Relations, Syllogisms, Deductive and Inductive Reasoning (Logical Deduction and Induction) (Prepositional Reasoning), Seating Arrangements, Directions (Direction Test), Puzzle Solving (Puzzles), Calendar, Clock, Cubes & Dices, Selection Decision Table (Decision Making), Logical Sequence Of Words, Crypt Arithmetic, Venn Diagram, Data Arrangement, Inequality, Analogy, Ranking, Order and Sequence, TCS NQT Advanced Reasoning Ability
  4. Section A: Arithmetical & Numerical Ability: Ratio and Proportion (Ratios), Divisibility Rules, Data Interpretation, Mixture and Alligation, Permutation and Combination, Logarithm, Number System, HCF LCM, Sequence and Series (Series), Speed Time and Distance, Percentage, Average, Profit and Loss, Simple Interest and Compound Interest, Time and Work, Pipe and Cistern, Mensuration and Geometry, Powers and Exponents (Surds and Indices), Algebra, Probability, Mental Ability, Age Problems, Partnership, Statistics, Arithmetic, Speed Mathematics and Basic Mathematics, Miscellaneous
  5. Section A: English Language & Comprehension: Vocabulary, Subject Verb Agreement (Verb Noun Agreement), Adjectives, Tenses, Comprehension / Reading Comprehension / Unseen Passages (Critical Reasoning) (Paragraph Questions), Articles, Sentence Construction, Preposition, Direct and Indirect Speech, Sentence Completion (Fill in the blanks), Sentence Re-arrangements (Para Jumbles) (Narrative Sequencing), Modals, Active Passive Voice (Voice), Sentence Correction (Error Correction), Adverb, Conjunction, Cloze Test (Cloze Passage)
  6. Section A: Hindi Language & Comprehension: भाषा, लिपि, ध्वनि, वर्ण, अक्षर, स्वर, व्यंजन, मात्रा और संयुक्ताक्षर, वर्तनी, वर्ण-विन्यास, अनुस्वार, अनुनासिक, चंद्रबिंदु और ‘र’ के रूप, शब्द, पद और शब्द-भेद, संज्ञा और सर्वनाम, विशेषण और क्रिया, लिंग, वचन, पुरुष और कारक, काल, वाच्य, वाक्य और वाक्य-भेद, संधि, समास, विलोम शब्द, पर्यायवाची शब्द, सामान्य अशुद्धियाँ, अनेक शब्दों के लिए एक शब्द, मुहावरे और लोकोक्तियाँ, अपठित गद्यांश और अपठित पद्यांश, Multi-Topic Content (Cross-Concept Material), वर्णमाला
  7. Section B: Programming, Data Structures, OOP & Java: C Fundamentals, Control Flow, Functions, Arrays & Pointers, Storage Classes, Structures & Enums, DMA, Macros, Scoping & File Handling, Introduction to DS, Array, Stack, Queue, Linked List, Tree, Graphs, Hashing, Java, OOPS with C++, Language Design, Intro to Compilers, Visual Basics, Syntax Analysis: Bottom-Up, Object Oriented Technology
  8. Section B: Computer Networks, TCP/IP & Network Security: Introduction to CN, Data Communication, DLL: Flow Control, DLL: Access Control, DLL: Error Control, Data Link Layer - Ethernet, Net Layer: IPv4 & Proto, Net Layer: IP Addressing, Transport Layer Services, TL: Congestion & UDP, Application Layer, Hardware basics, Network Access Technologies, Network Security, Society, Law & Ethics, Mobile Computing, Net Layer:Routing Protocol, Cyber Safety and Security
  9. Section B: Teaching Methodology: Child Development, Concept of Pedagogy, Theories, Inclusive Education, Experiential Pedagogy, Assessment & Evaluation, Curriculum Framework & Reforms, National Education Policy (NEP) 2020, Psychology, Teaching-Learning Process, Personality Development, Teaching Methods & Strategies, Learning and Motivation, Learners & Learning Process, Factors Affecting Teaching, Methods of Teaching, Nature, Objectives & Characteristics of Teaching, Teaching-Learning Aids & ICT Integration, Classroom Management & Communication, Evaluation, Assessment & Measurement, Curriculum & School Environment, Inclusive Education & Special Needs, Professional Development & Ethics
  10. Section B: Digital Electronics / Boolean Logic: Digital Systems & Boolean Basics, Logic Gates & Hardware, Boolean Expression, Boolean Minimization, Combinational Circuit, Sequential Circuits, Number System, Number Representation, Analog-Digital Conversion
  11. Section B: Operating Systems & Linux: Introduction to OS, Process Management, CPU Scheduling, Process Synchronization, Threads & Process Creation, Deadlock, Memory Management, Virtual Memory, File Management, Disc Scheduling, Unix OS, Linux OS, Distributed Systems, Windows OS
  12. Section B: Data Base Management System: Basics of DBMS, ER Diagram, Relational Model & Functional Dependencies, Keys & Integrity Constraints, Normalization (1NF - BCNF), Decomposition Properties & 4NF, Relational Algebra, SQL, File Organization & Indexing, Transaction Management, Concurrency Control, Database Security & Authorization, Database Recovery, Data Warehousing & Mining
  13. Section B: Internet & Web Technologies: Website, Browser & Services, Internet Fundamentals, Web Design & Development, Protocols & Services, Web Publishing & Hosting, Server Side & Security, HTML Basics, CSS, Emerging Technologies, JavaScript-Basics, .Net Programming, Electronic Data Interchange and E-Commerce, XML
  14. Section B: Computer Fundamentals, IT Basics & Architecture: Basics of COA, Cache Memory Organization, Input Output Organisation, Register Transfer and Microoperations, Control Unit Design, Programming the Basic Computer, Terms & Abbreviations, MS Office Applications, Instr Formats & Modes, Floating Point Rep
  15. Section B: Python Language: Introduction to Python, Tokens, Variables, Data Types, I/O, Operators & Expressions, Control Flow & Looping, Collections & Strings, Functions & Modules, File Handling & Data Analysis
  16. Section B: Software Engineering: Fundamentals of Software Engineering, Software Requirements and Quality Assurance, Software Design, Estimation and Metrics, Software Testing, Software Maintenance and Configuration Management, extras, Fundamentals of Systems and Information Systems
  17. Section B: Design & Analysis of Algorithms: Algorithm Analysis, Time Complexity Analysis, Sorting Algorithms, Greedy Algorithms, Dynamic Programming, Minimum Spanning Trees, Shortest Path Algos, Advanced Algorithms
  18. Section B: Mathematics: Linear Algebra, Calculus, Trigonometry, Vectors, Set Theory, Functions, Relations, Propositional and Predicate Logic, Research Process Steps, Graph Theory
  19. Section B: Computer Graphics, Multimedia & Mobile Computing: Basics of Computer Graphics, 2-D Geometrical Transforms and Viewing, 3-D Object Representation, Geometric Transformations and Viewing, Multimedia
  20. Section B: Emerging Trends: Emerging Tech Trends, Knowledge Representation, Natural Language Processing
  21. DSSSB Previous Year Paper:
  22. Business Studies and Management: Business Communication, Business Organization and Management, Financial Accounting, Business Economics, Management Information System (MIS), Knowledge Management & New Economy
AI summary & chapters

AI Summary

An AI-generated summary of this video lecture.

This educational video presents a detailed lecture on the advantages and disadvantages of Electronic Payment Systems. The instructor begins by outlining key benefits, including 24/7 accessibility, global reach, and instant transaction capabilities. They emphasize the role of encryption and authentication in securing these digital interactions. The lecture then pivots to the drawbacks, systematically addressing security concerns such as hacking and phishing, technical issues requiring digital literacy, and the risks of fraud. The session concludes by discussing privacy concerns regarding personal data storage and the cumulative impact of transaction fees, providing a comprehensive overview for students studying cyber security or e-commerce.

Chapters

  1. 0:00 – 2:00 00:00-02:00

    The video begins with a slide titled 'Advantages of Electronic Payment System.' The instructor methodically reviews the list, starting with '24/7 Accessibility,' noting that payments can be made at any time. They move to 'Global Accessibility,' emphasizing that geographical boundaries do not restrict fund transfers. The point on 'Instant Transactions' is highlighted, with a handwritten note '9 min' added to contrast processing times. 'Faster Settlement' is discussed, with the instructor writing 'paper bank' to compare against traditional methods. 'Record-Keeping and Tracking' is mentioned with a note '6 money.' Finally, 'Encryption and Authentication' is underlined, with the instructor adding the note 'Threats to E-commerce' below, indicating a transition to security risks.

  2. 2:00 – 3:50 02:00-03:50

    The lecture transitions to the 'Disadvantages of Electronic Payment System.' The instructor highlights 'Security Concerns,' specifically underlining 'hacking, phishing, and identity theft.' Under 'Technical Issues,' they note the reliance on technology and write 'Digital literacy' as a necessary skill. 'Fraud Risk' is detailed, with underlines on 'Unauthorized transactions' and 'stolen credentials,' leading to 'financial losses for individuals and businesses.' The 'Privacy Concerns' section is fully highlighted, focusing on the collection of personal information. The final point, 'Transaction Fees,' is discussed, accompanied by a handwritten example showing 'Form' and numbers '520 35,' likely illustrating cost accumulation.

The lecture offers a comprehensive examination of electronic payment systems, structured to first highlight their operational superiority before addressing their inherent vulnerabilities. The initial section establishes the convenience of digital finance, noting features like '24/7 Accessibility' and 'Global Accessibility' that remove traditional barriers. The instructor uses visual cues, such as underlining 'Encryption and Authentication,' to stress the importance of security protocols in preventing 'Threats to E-commerce.' The narrative then shifts to a critical analysis of disadvantages, where the instructor highlights specific risks like 'hacking' and 'phishing.' By annotating the slide with notes like 'Digital literacy' and 'paper bank,' the instructor contextualizes the technical challenges and contrasts them with legacy systems. The final discussion on 'Privacy Concerns' and 'Transaction Fees' ensures students understand the trade-offs involved in adopting electronic payment methods, creating a balanced educational resource.

Loading lesson…