| Summary, etc |
ABSTRACT<br/>Background: Transactions with maximum security will be necessary for a large of commercial <br/>use of the internet. Recently payment methods follow the thread of the following models which <br/>are secured credit card transactions, credit-debit, and electronic currency. The listed payment <br/>models have merits and demerits concerning requirements of reliability, scalability, anonymity, <br/>acceptability, convertibility, ease of integration with applications, and ease of use for <br/>stakeholders or end-users.<br/>Objectives: This paper explores the enhancement of online payments system in Nigeria <br/>(INTERSWITCH & E-TRANZACT) institutions and additional proposed features to be <br/>implemented for the enhancement of our newly innovated technologies.<br/>Methodology: Intensive research was made by downloading books and online research to talk <br/>about the pros and cons of the widely known payment systems used I Nigeria today, especially <br/>in institutions.<br/>Result: The Payment model involving crypto and multiple currencies as well as savings and <br/>transferring funds from one online wallet to another, just made life easier for parents or <br/>individuals willing to make payment at any point in time.<br/>Conclusion: all intended implementations were attained effectively.<br/>Keywords: Online payment, Technology, Interswitch, school fees, cryptocurrency, e-wallet, <br/>transfer, savings, security, cybercrime, E-tranzact.<br/> |
