Question

a. what you found to be most interesting from reading the Electronic Payments Article. The word limit should be 300- 350

b. The sage account- bank module. Word limit 150

Answer 1

a )

Electronic payments have many interesting features like easy operations, secured transactions, anytime money payments.

With the electronic payments there will be no hand to hand deposits of money. We can pay from anywhere to anywhere with a single transaction.

Transactions can be recorded with a secure handling of transactional money. Ease of payments is most interesting feature of the electronic transactions. Electronic transactions involve transactions through credit cards ,debit cards, UPI transactions like google pay ,phonepay etc. It can also involve bitcoin transaction which will have a very secured transaction and regularity in transactions with blockchain mechanisms.

The ledgers or transaction record are maintained thoroughly to secure the transactional history without any missing data. Electronic payments makes easy transactions with the help of pin validating. There will be a pin or password given to the user at the time of registering and whenever the transaction has to done then enter the password and initiate the transaction.

This feature helps to maintain the security whenever the cards or devices lost no one can transact without the pass words. In this way the transactional security is maintained.

These are the features of electronic transactions.

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b) sage account bank module involve the transaction checks and records to check and validate the transactions from bank and individual account. One can download the bank statement to check the transactions and validate any missing transactions.

There is also a feature of Bank feed that helps to check and validate with existing bank records which helps in saving the time of yours.

Sage account bank module tells the transaction capability and validations using bank feed mechanism and maintains the records and transactions upto date and helps to manage the missing transactions and update into the cloud.

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