Whether you are new to the world of e-payments or you’re an old pro, there are a few basics that you should know. These include the difference between credit and debit cards, ACH transfers, and UPI payments. There are also a few digital wallets that you should be familiar with. Lastly, you should learn about Biometric payments.
ACH transfers
ACH transfers, also known as electronic payments, are a type of payment method that allows individuals and businesses to electronically send and receive money. They are a convenient way to pay bills, deposit money into savings and retirement accounts, and more.
Compared to checks, ACH payments are safe, faster, and easier to process. They are also more secure. ACH payments can be credited to a customer’s account on the same day. However, processing can take up to three to five business days.
The National Automated Clearing House Association (NACHA) oversees the ACH network. It connects thousands of financial institutions throughout the country.
When an individual or business requests a payment, they send an ACH entry to an ACH operator. This operator then sorts the entries into deposits.

Digital wallets
Digital wallets are a convenient way to make e-payments. They are similar to physical wallets in that they store credit card or debit card information. However, digital wallets offer additional security features.
A digital wallet is a secure storage system for payment information. It can be used to hold identification cards, bank account information, and loyalty rewards cards. The information stored is encrypted. These digital wallets also offer security features such as biometric authentication.
Some examples of popular digital wallets include Apple Pay, Venmo, Samsung Pay, and PayPal. If you want to use a digital wallet, you will first need to download the appropriate application. You can do this from your phone or computer. Be sure to only download from a trusted source.
Biometric payments
Biometrics are a set of unique physical characteristics that can be used to identify a person. These include fingerprints, face and voice recognition, among others. This form of identification is convenient for user login, especially in a networked environment, and it has been a boon to the FinTech industry. However, these technologies also raise privacy concerns.
The main goal of this study is to evaluate how biometrics are incorporated in FinTech applications. We will compare a number of different criteria to determine their significance. In particular, we will determine how well these criteria can predict the development of a given FinTech application.
For instance, we will investigate the effectiveness of a number of metrics including biometric ID, the technology to measure perceived trust, the ‘coolest’ e-payment method, and the most efficient ways to leverage technology.
UPI payments
UPI, or the Unified Payment Interface, is a payment system that offers fast, secure and convenient money transfers. It has a simple user interface that makes it easy for anyone to send or receive money.
UPI can be used for a number of different payments, including bill payments, utility bills and merchant payments. The user does not need to remember a separate ID for each account, or even an IFSC code.
Despite the fact that UPI is a relatively new technology, it has already changed the way people make payments. One of the most important advantages is that it is free. All you need to do is create a Virtual Payment Address (VPA), which is linked to your bank account. This allows you to receive money from any node, including other banks.
Credit and debit cards
Debit and credit cards are basic electronic payment methods. Credit cards can be used to borrow money, while debit cards are linked to a customer’s bank account. Both cards offer convenience and fraud protection.
A debit card, or check card, is a small plastic card that is linked to a bank account. This means that you can use your debit card to withdraw cash or make purchases online. Some cards also have a cash-back option.
Another popular form of e-payment is e-cash. Electronic payments can be performed using a smart card, which is a type of plastic card with a small microprocessor chip embedded in it. These cards are a lot less expensive than credit cards and offer faster processing.
E-wallets are also a very popular form of electronic payments. A customer can store all of their financial information in an e-wallet, which makes it easy to make purchases without filling out a lot of paper forms.