Detail the steps needed to monitor, administrate, and secure the network in rega

Question

Detail the steps needed to monitor, administrate, and secure the network in regard to online transactions and payments. Answer the following questions:

Detail the steps needed to monitor, administrate, and secure the network in regard to online transactions and payments. Answer the following questions: What are some elements of securing online transactions? What are some elements of administering an e-commerce site? Detail the methods and options to authenticate online customers. Elaborate on payment options for online customers.

Explanation / Answer

An electronic payment is any kind of non-cash payment that doesn't involve a paper check. Methods of electronic payments include credit cards, debit cards and the ACH (Automated Clearing House) network. The ACH system comprises direct deposit, direct debit and electronic checks (e-checks).

For all these methods of electronic payment, there are three main types of transactions:

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