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Traditional payment and e-payment differ significantly in terms of process, convenience, security, and accessibility. Traditional payment methods primarily include cash, checks, money orders, and bank drafts. These methods require physical presence or manual handling, such as visiting a bank, handing over cash, or mailing a check. The process is often time-consuming and involves multiple steps, including verification, clearance, and reconciliation. Traditional payments are limited by geographical boundaries and banking hours, making them less flexible for global or 24/7 transactions. In addition, traditional payment methods carry risks such ______ _______ ________ ______ ___ ____.
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