ePayments
February 28, 2001

E-payments
E-payments
Conditions
Conditions
- Modern banking systems
- Modern banking systems
- Businesses are connected to internet, to banks
- Businesses are connected to internet, to banks
- Legal framework (laws, decree, e-UCP...)
- Legal framework (laws, decree, e-UCP...)
- Security infrastructure for online payments
- Security infrastructure for online payments
- Purchase habits, business culture
- Purchase habits, business culture

E-payment
E-payment
Current status of banking system
Current status of banking system
- 1998, World Bank project Modernizing the banking ans “
- 1998, World Bank project Modernizing the banking ans “

- 2006: trial process
- 2006: trial process
Details: Report VN s Ecommerce status’
Details: Report VN s Ecommerce status’
www.mot.gov.vn
www.mot.gov.vn
;
;
www.ftu.edu.vn
www.ftu.edu.vn
E-payments
E-payments
Tools: Payment card
Tools: Payment card
- Credit card: since 1996, 10 major banks, 2004: 125.000
- Credit card: since 1996, 10 major banks, 2004: 125.000
cards, increase rate 49%/year
cards, increase rate 49%/year
- Debit card: since 2002, 15 major banks, 760.000 cards,
- Debit card: since 2002, 15 major banks, 760.000 cards,
debit, small payments, money transfer... 10.000 card
debit, small payments, money transfer... 10.000 card
acceptance points, 800 ATMs
acceptance points, 800 ATMs
- Asia Comercial Bank
- Asia Comercial Bank
www.acb.com.vn
www.acb.com.vnCustomers: medium, large enterprices...
Customers: medium, large enterprices...
Process of payment (example 1)
Process of payment (example 1)
www.vdcsieuthi.com.vn
www.vdcsieuthi.com.vn
- Customers complete purchase orders, confirm payment
- Customers complete purchase orders, confirm payment
order (payment modules on the website)
order (payment modules on the website)
- VDC forward card s info to ACB to verify’
- VDC forward card s info to ACB to verify’
- ACB confirmed, debit customer s account’
- ACB confirmed, debit customer s account’
- VDC confirmed acceptance, proceed delivery
- VDC confirmed acceptance, proceed delivery
- Delivery receipt, customer s acceptance, VDC forward the ’
- Delivery receipt, customer s acceptance, VDC forward the ’
receipt to ACB
receipt to ACB
- ACB credit VDC s account’
- ACB credit VDC s account’
Note
Note
+ VDC, customers have account at ACB
+ VDC, customers have account at ACB
+ ACB charge fee on each transactions
+ ACB charge fee on each transactions


E-PAYMENT
Major issues (1)
Major issues (1)
- Seller s SW/payment module to accept payments from ’
- Seller s SW/payment module to accept payments from ’
custmers
custmers
. Bank or Ecommerce solution provider
. Bank or Ecommerce solution provider