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Traditional payment and e-payment systems differ fundamentally in terms of process, convenience, security, and accessibility, especially in the context of e-commerce. Traditional payment methods, such as cash, checks, and demand drafts, have been used for centuries to facilitate trade and commerce. They involve physical exchange of money or instruments, often requiring the presence of both the payer and the payee. These methods rely heavily on manual processes, which can be time-consuming and prone to human errors. For instance, writing a check, depositing it at a bank, and waiting for it to clear may take several days, delaying the completion of transactions. In contrast, e-payment systems leverage digital technologies to transfer funds electronically, allowing instantaneous transactions that are particularly suited for online shopping and global commerce. __________ ________ ________ ___ __________ ____ _______.
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