Western union Vs. Paypal

SLIDE 1: Good afternoon everyone, my name is Jelena Stankovic, and I am here to tell you something about two of the biggest e-commerce payment platforms, or commonly said online payment systems.SLIDE 2: IntroductionE-commerce payment systemis the system that makeselectronic payment workforonline transactions. Also known as a sample ofElectronic Data Interchange(EDI), e-commerce payment systems have become very popular because of the widespread use of the internet-based shopping and banking.Over the years,credit cardshave become one of the most common forms of payment for e-commerce transactions.Despite widespread use in North America, there are still a large number of countries such as China, India and Pakistan that have some problems to overcome in regard to credit card security. In the meantime, the use of smartcards has become extremely popular. ASmartcardis similar to a credit card; however it contains an embedded 8-bit microprocessor ( citaj : embended eight-bit) and uses electronic cash which transfers from the consumers card to the sellers device.SLIDE 3:Western UnionWestern Union is a 160-year old payment service company with worldwide network of representatives. Its headquaters is in Colorado state, in United States of America. This company has about 7 thousand employees that work as a team, a team that is looking to ensure consistency, enforce brand guidelines (gajdlajns), and reduce the time and resources required to manage information. SLIDE 4:For money transfer companies, the holiday season is the busiest and most competitive time of the year. With service to over 200 countries, Western Union is the dominant player in Canada. For people who are far from their loved ones, sending money as a gift is a popular and convenient choice. Western union provides several ways to transfer your money through worldwide western union network. First way is going in person to one of many western union agent locations. There are about 51 thousand agents locations in the world. Another way is using your computer at home. You can send money using your Western union account. And there is an way to do this with your smart phone. Download smartphone app log in, and send money worldwide.

SLIDE 5: PaypalPayPalis an American worldwide online payments system.Online money transfersserve as electronic alternatives to traditional paper methods likechecksandmoney orders. PayPal is one of the world's largest internet payment companies.Established in 1998,PayPal with its headquaters in San Jose, California, in 2002 became a wholly owned by eBay.SLIDE 6:We live in time when tehnology development went so far that Online shoping should be simple, filling out your shiping adress, billing adress, card number, typing, retyping, each time the same process. If you pay safely with paypal youre done in few clicks. You sign up for paypall, and create your account, and every time you want to buy something online, you dont have to fill up the forms, and type the numbers, codes, and such things, link product with your paypal account and in a few clicks youre all done.SLIDE 7: HOW PAYPAL WORKSOn the left side different ways of money, credit card, bank account, paypal balance, paypal plus, paypal buyer credit, log in, finish the transaction.SLIDE 8: SAFETYPeople want to be safe, and they want their money to be safe, but when it comes to shoping online we dont know who to trust, with Paypal financial informations are protected, and never shared with stores. Western Union advises its customers not to send money to someone that they have never met in person. Despite its efforts in increasing customers' awareness of the issue,Western Union is used forinternet fraudby scammers.Main problem about safety with using paypal is the security of the transactions, which can be appeared in different shapes, sometimes like Phishing emails, and sometimes like problems in Mobile app that can lead to system vulnerability.Most common issues that are customers facing with, are the emails that are sent to targeted users that have some link that leads Paypall users to Fake stores or websites, that looks legitimate, where they steal your information, identity, money. SLIDE 9: RecomendationWestern Union and Paypal are doing all that can be done to prevent frauds, and robberies. Paypal company is trying very hard to resolve all problems that accured, for example they had issue with iphone app that brought potential finacial risk to users. Since then they do security checks and often app updates. Things that they recommend for their users are: Dont respond to suspicios emails Dont leave your informations, like card numbers, Id numbers Full name and Family name, Passwords.SLIDE 10: CONCLUSION These two companies are one of the biggest in this industry and for sure they are the leaders in Online money transfer business. They are growing bigger and bigger costantly along side with tehnology development. Their customers and users have big trust in them, because of long time succesfull working and making money transfer easier and more secure for the people. SLIDE 11: bibliographySLIDE 12: THANKS FOR YOU ATTENTION