Need an argumentative essay on E_Week4DQ. Needs to be 3 pages. Please no plagiarism.Download file to see previous pages... The money transfer is done without exposing the account details of the sender

Need an argumentative essay on E_Week4DQ. Needs to be 3 pages. Please no plagiarism.

The money transfer is done without exposing the account details of the sender to the buyer. On purchase, the money is transferred directly from the buyers account to the sellers account. The transaction can be monitored by the buyer through logging into the Micropay account. In the event of any loss, Micropay refunds the cost of the purchased item and the cost of the initial postage value. This mode of payment offers Privacy, integrity, and non-repudiation and the authorizing entity, in this case Micropay issues the users against any losses. Micropay facilitated payment of large values as well as small values. The cash value accumulated in the Micropay account is transferable to banks and internationally. The system is easy to use and allows users to login and transact business from different locations and computers. One has to register with both EBay and Micropay to be able to utilize Micropay services (Hsiao-Cheng, Kuo-Hua, &amp. Pei-Jen, 2002). How Micropay works Micropay does not provide a different way of banking but is just a middleman in the transactional processes. Credit and debit cards transactions travel on different networks. When a merchant a transaction to be made through Micropay, they will do so by paying a small fee which is normally 2 percent of the transaction. There is also an interchangeable fee that is charged for all the companies that take part in the transactions. The fee is universal and is charged for any company that is involved in the process. The part that Micropay comes in is in that both the buyer and the seller deal with Micropay after they have provided their banking details. Micropay then handles all the transactions that will take place between all the banks that will be included and will pay the interchange fee. They will recover the money that they pay for the interchange from the fee they charge for receiving the money. They also get it from the interest they get from the money they left in their accounts (Han Zhang &amp. Haizheng, 2006). I am sure that Micropay will assist us in our e-commerce project in the fact that it will help us to get payments done to various clients. It will also help us secure our money and trust. Their security is trustworthy and we are able to bank on it getting payments and making payments. References Han Zhang &amp. Haizheng, L 2006, Factors affecting payment choices in online auctions: A study of e-Bay traders, Springer, New York. Hsiao-Cheng, Y, Kuo-Hua H, &amp. Pei-Jen K 2002, Electronic payment systems: An analysis and comparison of types, Chiao-Tung University, 1001 Ta-Hseuh Road, Hsinchu 30010, Taiwan IBM Taiwan, Taipei 100, Taiwan Technology in Society. In a 3 to 4 paragraph essay with support from the text theory discuss the following:&nbsp. As a customer, what is your biggest security nightmare and how to you expect the site to protect you? My biggest security nightmare is having our online account hacked and all the funds transferred to other accounts. This will mean that all our money for undertaking the e-commerce shall have been lost. Micropay will be of great help in the sense that the online transactions will be secured. Due to the nature of Micropay in the sense that it has all the personal information of many users on the Internet, it has an extra layer of security for the purpose of securing the data it handles on the Internet. The details that it handles include bank account numbers, addresses and credit card numbers.